In the following period of time, the real-estate market will fall with another 50%
A built square meter could reach the same value as the economy average salary
The general executive director of Rompetrol Group, Dinu Patriciu, declared on Tuesday at Alma Ata that the real-estate market will continue to drop in the same rhythm as until now, with about 50%. In the beginning of this year he also declared that the real-estate market will fall with about 50%, which was exactly the case. In his oppinion, a built square meter could reach the same value as the economy average salary. Currently, a built square meter is 6 to 7 times bigger than the average salary, while in Cehia the value is 1,5 times bigger, and in Holland 3,5 times.
08/04/2010 March has brought an unexpected increase in the level of average prices for old properties in the Capital City, and also in other large cities, according the the monitoring reports of one of the most important websites that specialize in this profile. Though statistically real, acoording to real-estate analysts, this increase has no relevance.
07/04/2010 The world’s tallest building, Dubai’s Burj Khalifa, has been re-opened for the public after 2 months since several visitors were jammed in the elevator at floor #124.
01/04/2010 An ecological house conserves or deposits more resources than it consumes, these being then reused in the surrounding environment. At the opposite pole, the standard house consumes more energy and is less resistant to earthquakes.
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