Real Estate Market Situation in Romania in the Context of Economic Crisis

Negoescu Gheorghe () and Botescu Ion ()
Additional contact information
Negoescu Gheorghe: ”Ovidius” University Constanta, Faculty of Economic Sciences
Botescu Ion: ”Ovidius” University Constanta, Faculty of Economic Sciences

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 1488-1490

Abstract: It is estimated that the real estate market of 2011 will enter into a so-called real estate crisis, their prices reaching those in 2005-2006 when in Bucharest you could buy a studio comfort I with prices between 15.000 and 20.000 euros, 2 bedroom apartment comfort I could have bought at that time with 20.000 to 25.000 euros and 3 bedroom apartment comfort I could reach 35.000-40.000 Euro. Considering that in Europe and the U.S.A. the price per square foot constructed does not exceed two average wages in the economy would have said above come true, one square meter built in old buildings should not exceed 500 euros.

Keywords: real estate; crisis; mortgage (search for similar items in EconPapers)
JEL-codes: M21 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2011p1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:1488-1490

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().