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Thursday, March 31, 2005

Real estate company drafts 2005 report for local real estate

Real estate company Eurisko yesterday made public a report regarding the local real estate field as it appears in 2005.

This report refers to all sectors of the real estate field, namely offices, residences, industrial and retail buildings, land and investments.
The 2004 report is on http://www.eurisko.ro/index.php?page=remo

According to the report, the prices for apartments in Romania are overevaluated, and owners tend to wait for price increases in order to obtain higher revenues.

The 2004 average rental for offices was 18 euros per square meter, three percent below the 2003 average.

Eurisko's report says that mortgage credits will be the most frequent financing method for residential purchases, as almost 80% of the residences to be bought this year by individuals will be financed by loans.

Posted by Iulia Rasoiu : 3/31/2005 09:22:00 am