Cyprus’s financial problems could exacerbate investors distrust in the banking system, causing a shift of capital to more secure assets, includind the real estate field.
This year, however, the Romanian real estate market will continue to have a linear trend, “caution” being the keyword.
“First House program was the engine of the real estate market. This governmental program supported the increase of the old apartment market, and more. But, if we take into consideration the usual parameters that a client is looking for, without doing a calculation in terms of investment, old apartments might make more sense to purchase than the new ones”, said Mihai Dumitrescu, managing partner of Real Estate Division of Crosspoint.
Regarding the office market, very high concentration of office space in a small area of Bucharest creates an imbalance.
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