Tag Archives: property prices

Romania – the comeback of housing

housing

Romania´s economy grew strong from 2001 to 2008, with an average annual real GDP growth rate of 6.5%, according to the IMF. Thereby, property prices and demand rose in anticipation of EU accession, which took place in January 2007. But investors were disappointed by non-implementation of economic and political reforms which had been promised as part of EU accession conditions. …

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