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Colliers International to launch supervising instrument of apartment price evolution in Bucharest

de A.C.
Marţi, 13 mai 2008, 15:42 English | Business

Blocuri din Bucuresti
Foto: Rompres
Real estate consultancy company Colliers International will launch by the end of the month a quarterly estate index, Bucharest Real Estate Index (BREI) that will monitor the price evolution of Bucharest apartments. The index, set up by the company's analysts starts off with 2005 data and will analyze the price evolution in all six sectors of the capital city.

The Index will monitor both old and new apartments and will be the first objective tool to measure the price evolution in Bucharest, Colliers International Residential department director Ilinca Paun. She added that the index will place rumors and speculations in the real estate sector on a secondary place.

The Index's method is the same as the one used on the European capital markets but it also takes into account the volume and sales weight in different areas of Bucharest, team coordinator Calin Bucur said. He added that BREI takes into account all specific differences among apartments.

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