Real estate market remains stuck to 2009 level -
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News » March, 2011 » 16 March 2011

Real estate market remains stuck to 2009 level
16.03.2011, 23:48 | Real Estate | 876 views

The statistics of notaries public on real estate transactions concluded last year did not reveal major changes to the situation recorded in 2009, with the market experiencing a relative stagnation.

According to data of the National Union of the Romanian Notaries Public, real estate transactions concluded last year reached 352,272, slightly down against the 2009 level, when they totalled 352,541.

December saw 31,012 real estate transactions concluded, down from 31,413 in December 2009.

The residential segment remained the most affected one on the Romanian market, with relevant transactions concluded almost exclusively through the "First Home" scheme.


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