Nowadays It is 5 Times More Difficult to Buy an Appartment Than It was 20 Years Ago
InPR 2009, Nov 9
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Publisher Description
BUCHAREST (Romania), Nov 9, 2009 -- (InPR) -- "Before 1989 most of us had a dwelling and in the years 1990s there was possible to perpetuate the mentality of the type by the restorative prices that were practised", says the businessman Dan Ioan Popp, involved for over 16 years in the real estate field. "Thus, we have reached, after 20 years of capitalism, to have almost 8 million of owners of old dwellings and one million of potential buyers. Annually only 4-6% of the first category conclude effective transactions and only 30-40% of the second category succeed in buying. In all of this picture, the percentage of the developers (of new dwellings) is much under 10% of the total of the real estate transactions of these 20 years". Unlike communism, now we afford less bread, but more TV sets