Property prices down 26% in January 2010 y/y
07 February 2010
Property market continues the downward trend started in 2008 as property prices in January 2010 are on average 26 per cent less when compared to January 2009, according to an analysis of the real estate portal anunturiparticulari.ro, Financiarul.co reports.
The price for one-room flats went down, from EUR 57,594 to EUR 42,467, the two-room flats from EUR 90,870 to EUR 68,902, the three-room flats from EUR 132,569 to EUR 95,021 and the four-room flats from EUR 168,061 in Jan. 2009 to EUR 124,832 in Jan. 2010.
January was more restless than usual, due to the lack of certainty related to the First house programme. Part of those who fit in this programme are hurrying up to submit the file, to be sure they do not waste this opportunity and those who do not fit the requirements for the time being are expecting to see more relaxed conditions for accession to this programme.
The number of flats on the market also follows a downward trend. In January 2010, individuals have brought on the market below 1,700 flats for sale, of which 652 two-room flats, 489 three-room flats, 382 one-room flats and 137 four-room flats.
AnunturiParticulari site was launched in 2001 and monitors all real estate ads published by individuals in the press and on Internet.
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