Real estate market could stabilize in spring 2009
30 December 2008
The domestic real estate market could stabilize next spring, in terms of both prices and demand, given that authorities manage the crisis situation, Iosif Pop, President of the Imofinance group, said. However, Pop said that only large companies will remain in the market.
Imofinance, through its Imoinvest real estate development division, has six projects on stand-by, which will start in 2009, depending on the evolution of the market. The group is also considering new property acquisitions in the coming year, mainly projects whose owners have liquidity-related problems, Pop said.
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