BNR Exchange Rates
16.05.2012- 1 EUR
4.4463 RON - 1 USD 3.4987 RON
- 1 CHF 3.7020 RON
- 1 GBP 5.5669 RON
- 1 gr. aur
172.7896 RON
House Prices In Romania To Lower In The Upcoming PeriodUpdated: 22-09-2008 |
Prices on the Romanian residential market could lower in the upcoming period and will be regulated by homes' degree of accessibility instead of the balance between supply and demand, according to real estate network RE/MAX.
"In the following five years, the Romanian market will be healthier. We'll see price adjustments both for old homes and new, as prices shouldn't be regulated by the supply and demand ratio. On a healthy market, prices depend on the degree of accessibility upon acquiring a home," Charles Lemire, managing director of RE/MAX Europe, told MEDIAFAX.
He also added that the time required to sell a home in Romania will increase.
"In other western states, a home may be up for sale for an entire year, which is normal. The fact that a home is sold within five days indicates a market dysfunction that will lead to artificially increased prices. In Romania, the time required for a home to sell will increase in the following period," Lemire said.
Mediafax
Latest News:
- Call for Entries for Deloitte Central Europe Technology Fast 50 2012
- Millennium Bank offers term deposits with monthly interest payment
- Deloitte European Salary Survey: Sweden, Belgium and the Netherlands, at the top of the pyramid of the tax systems
- Citibank Romania Announces New Partnerships Extending its ATM and Repayment Network by 500 Locations Countrywide
- NBR delivers a silver coin dedicated to Sergiu Celibidache – 100 years since his birth.
- MILLENNIUM BCP NAMED BEST BANK IN PORTUGAL FOR SECOND STRAIGHT YEAR BY EMEA FINANCE
- PwC Romania awarded by the Babes-Bolyai University
- COSMOTE Romania launches a new advertising campaign promoting its Business Portfolio
- On April, National Bank of Romania's foreign exchange reserves stood at EUR 34,336 million
- BCR achieves solid quarterly operating result despite economic slowdown
- The National Bank keeps unchanged the monetary rate
- Tomas Spurny begins mandate as BCR CEO
- PIC reorganization plan approved by creditors and confirmed by the syndic judge
- Upgrading water supply network in Romania's Mures county €15.9 million loan to S.C. Compania Aquaserv S.A.
- COSMOTE Romania introduces the online payment service
Most Popular News
- Three billion euros to be invested in energy private-public partnerships
- Romanian state plans to keep 8 pct of Petrom, at least
- IMF mission extends stay in Romania till May 9
- IMF, FinMin Vladescu discuss Government revenues collection
- Videanu admits that he is in conflict of interests in connection to Marmosim
- Greece gets 110 billion euros, biggest bailout in history
- BNR governor Mugur Isarescu: Situation is quite complicated
- Romanian-German meeting on fresh cooperation opportunities
- Gov't to earmark 6.4pc of GDP for investment
- FinMin Vladescu: Cutting 25pc off public wages pool will not generate needed savings
