





CBRE Eurisko study: Romania real estate market stagnates. 2008 started with 20% price falls
CBRE Eurisko Evaluation department manager Adrian Nicolescu declared that starting with 2007, the real estate sector in Romania showed signs of stagnation and for some sectors, even a decrease in prices.
CBRE Eurisko experts argue that land prices started to decrease at a steady pace and land owners even consider selling them now when prices are still high. Nicolescu added that for 2008, experts estimate that unless prices fall, then at least they will stagnate.
When it comes to office rentals, prices are forecast to drop starting with 2009-2010 and to stagnate in 2008. Moreover, in the following years Bucharest will host some 1,950,000 sq. meters of buildings for office use only.