Weak residential sales in Bucharest

Colliers has supposedly released a report in which it records just 515 new flats being sold in the first half of 2009. That’s an 83% decline compared to 2008, for those who are counting. If those kind of numbers seem weak (and they do), then how about the fact that the same report says that 6,700 new units will be completed by the end of the year? Can’t help thinking something’s gotten lost in translation…


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