Emerald will not cut prices despite falling sales - Azi

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Located on the banks of Bucharest"s Tei Lake, Emerald complex is one of the first housing projects to deliver over 200 apartments onto the market.

The representatives of Brooklyn Investment, the developer of Emerald Residences, say apartments sales have dropped by 50% since the start of the year compared with 2007, when around 12 apartments were bought each month. Brooklyn Investment has finalised the 279-apartment project, but around 30 apartments have yet to be sold. "People are waiting,...

Read the whole story in: Ziarul Financiar