Romanians' real property, 50 percent smaller since crisis onset

About three years since the real estate crisis broke out, the property of most Romanian people, representing owned buildings, has slumped by 50 to 60 percent, according to the demand monitoring conducted by imobiliare.to portal. Thus, the national price index of the old buildings dropped from over 2,000 euros per square metre in the spring of 2008 to about 1,043 euros per square metre in March 2011, reads Ziarul Financiar daily .The capital city ranks among the areas with the ...

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