Real estate market to grow further in 2008
21 March 2008
The dwelling construction and the volume of the real estate transactions will continue to register a high growth, but the dynamic of the costs will suffer modification, Varujan Vosganian, Minister of Economy and Finances, estimated.
''The fact that at a certain moment the prices will protect to a higher extent the buyer and will be more closely connected with the costs represents a sign of maturity, not of crisis. If you invest RON one day in the Romanian real estate sector you will win RON two. If one day you win RON 1.5 or RON 1.8, it means that the market begins to resettle,'' said the finance minister.
Vosganian added that a resettlement of the prices is possible in the last quarter of the year, but not of the volume of constructions.