Price of new housing units in Bucharest to go up 15-20 pct a year

The price of housing units built in new residential compounds in Bucharest will continue to increase in the next two or three years, by an average 15-20 percent a year, and demand will reach 10,000 units a year by 2010, reads the latest report by Colliers International. 'High quality projects will witness a more significant increase, while the others, e.g. those in less attractive areas, stand sound chances to keep their initial prices,' Colliers analysts state. Last year prices of new flats ...

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