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One person died in Iasi on Tuesday afternoon after a fire engulfed an apartment block, which prompted the evacuation of tens of residents.

Romanian used apartment prices rose by as much as 8% since the beginning of the year, but representatives of realty ads platform imobiliare.ro expect owner ambitions to “deflate” in the near future.

Prices of old apartments in Romania’s capital city Bucharest dropped by an average 20% year-on-year in the last quarter of 2010, according to a survey of property website MagazinulDeCase.ro.

The sale prices of apartments in Romania’s capital city Bucharest dropped 15% in average in 2010, and will continue to fall next year, according to a survey conducted by real estate website imopedia.ro.

Asking prices for flats in Bucharest dropped by an average 11.8% in the first ten months of the year, to some EUR1,315 per square meter, according to data provided by real estate website imobiliare.ro.

The prices set by old apartment owners in Bucharest grew in the past several months, especially for studios and two-room apartments, due to the introduction of the “First Home” program, and this evolution could continue because of the low supply, according to real estate agency Real Time.

Police officers in the city of Paphos, southwest of Cyprus, arrested two Romanian nationals and a Hungarian citizen under suspicions of involvement in pimping case, Cyprus Mail informed.