flats

Romanian social democrats want homeowners’ associations to no longer pay 20% of apartment thermal refurbishment costs, Adrian Nastase, head of the National Council of the Social Democratic Party (PSD), said Tuesday in a press conference.

Romanian apartment prices are seen down 30% by the spring of 2009, according to a survey on the real estate website imopedia.ro.

The number of home renting transactions is growing compared to fall 2007 as people wishing to buy a home have a tough time accessing loans, or are confused by the market’s evolution, thus preferring to rent in the meantime, according to real estate company Coldwell Banker.