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PWC: Romania's real estate market to be avoided by investors

de A.C.
Marţi, 15 iulie 2008, 17:51 English | Business

Romanian and Bulgarian real estate markets need corrections, a PricewaterCoopers real estate report on Europe informs. The two countries should be therefore avoided by investors, the report concludes. The cities that offer most profit for investors are Moscow, Istanbul, Hamburg, Munich and Paris. 

Spain is one of the countries that need also to be avoided. According to the report, this market is characterized by many estates in construction but not finished yet. Similarly, countries in South Eastern Europe face the same characterization. According to the study, investors need to avoid cities with low infrastructure development and no highway access.

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