Three-room flats in Bucharest become increasingly harder to sell - Azi

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The average price of old flats in Bucharest fell 12% on the average in the second quarter of the year, due to the lack of interest in such homes, reveals an analysis by magazinuldecase.ro website, which brokers direct real estate deals.

As a result of the decline in demand, it now takes up to sixty days to sell a three-room flat. The most severe decrease in prices was that of two-room flats, which became 13% cheaper compared with the first quarter and now cost less than 120,000 euros, down from...

Read the whole story in: Ziarul Financiar