Prices for land in big cities remain almost unmodified compared to the previous year.
Tuesday, May 5, 2009
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Post by TudorEstates
Decrease of the price per sq.m. has been reported but still, there were no large sales recorded.
In the big cities, the prices for construction land have dropped very little compared to the same period of time in 2008. However, there is a substantial decrease in the cost for lands outside the city, where prices have dropped considerably compared to last year.
Even in the context of the smaller prices, sales have not intensified, the number of sold land being actually smaller then last year. Land inside the city or close-by is however being sold very well, but the surfaces are smaller, since sellers decreased the portions due to the fact that large surface buyers are not offering high amounts for square meter, and there are less buyers that wish to invest in important such surfaces of land.
Source: Ziarul Imobiliar