Romanian market experiences growth
The housing market in Romania is continuing to experience growth, industry experts have revealed.
According to independent analyst Amberlamb, property in the eastern European country is currently in high demand.
This has led to supply being fairly restricted, which in turn has made available properties much more highly sought-after, thus increasing their prices.
Amberlamb said developers are responding to the surge of interest by constructing new properties across Romania, while plans to build more homes are also under consideration.
However, the organisation has expressed surprise at this trend of growth, as Europe is currently experiencing an economic slowdown and mortgage crisis.
"If you read all the news about the nation's property market this would seek to contradict negativity in any form," Amberlamb commented.
This comes after property consultant Anglo-Romanian Development revealed that in 2007, house prices in Romania increased by 40%.
The group partially attributed this growth to the country's recent accession to the European Union.
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