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International financial crisis stabilizes Romanian real estate market

Posted on 07 October 2008

From Financiarul.ro: In the context of the current international crisis the speculative temptations from the Romanian real estate market have been driven away and prices stabilized compared to last year, representatives of the real estate agencies told daily Bursa.

The crisis led to the normalization of the market because investors can no longer hope to round up revenues staking on profit much above the value of the investment made, as it happened last year, said Calin Clinciu, development manager at real estate agency EuroEst….. Full Article: Source


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