Property in Romania

Construction Market Up 20% in Q1:06


The malls, houses, villas and office buildings are being constructed at a rapid pace, the market being fuelled by private projects paying cash.
The real estate and private projects were responsible for this growth. He believes that the public contracts market will stagnate, the growth falling into the privates’ responsibility.
It is expected that the Brasov-Bors motorway, the largest infrastructure project in Europe, whose construction will resume in 2006, as well as other public contracts, will bring hundreds of millions of euros to the market.

Date posted: June 3, 2006