realty

Romanian big realty transactions dropped 58% to EUR50 million in the first quarter, the only property deal being the acquisition of Fabian Romania investment fund, Cushman&Wakefield consultancy firm said Sunday.

Romanian developer Cefin Real Estate Asset Management will postpone the real estate projects it did not start due to difficulties in getting funds, while the undergoing constructions works are seen completed in due time, the group’s general manager Stefano Albarosa said Wednesday.

Romania’s booming real estate prices are likely to remain steady starting with 2009 on rising supply and a strong growth pace in the construction sector, Romanian Economy and Finance Minister Varujan Vosganian said Monday.