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Romanian property schemes frozen



Country:  Romania

15 April 2009

Large-scale property projects in Romania worth a combined £2.7bn have either been scrapped or suspended, according to research carried out by the Ziarul Financiar newspaper.

It is estimated that as many as 6,000 homes in residential projects in and around the city of Bucharest have been put on hold by developers such as EFG, Martinsa-Fadesa, Africa Israel and Copper Beech.

The credit crunch and consequence fall in demand for property in Romania, have been cited as the main cause for the suspension of these projects.


See Also:   Romania


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Second Land, Bucharest, Romania

Second Land, Bucharest, Romania

Price: 25 Euro/sqm

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SECOND LAND
Long: 657 meters - opening to the access road
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First Land, Bucharest, Romania

First Land, Bucharest, Romania

Price: 25 Euro/sqm

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Long: 834 meters
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Third Land, Bucharest, Romania

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