In Bucharest, the number of homes put up for sale was 15% higher than in 2007 and 24% higher than in 2006, while home prices were lower by over 50% than at the end of 2007, shows a survey conducted by realty portal homefinders.ro, launched Thursday at the realty fair tIMOn, organized in Bucharest between April 19 and April 22.
According to the portal, home demand has halved compared with 2006-2007, which means buyers are in a privileged position in the negotiation and acquisition process.
Most new home offers presented at the fair range between EUR35,000 and EUR50,000 for studio flats, EUR50,000 and EUR70,000 for two-room apartments, and EUR80,000 and EUR120,000 for three-room apartments.
The cheapest studio flats are in western Bucharest (EUR25,000). The cheapest apartments are in the south of Bucharest, where a two-room flat is sold for EUR37,900 and a three-room apartment for EUR54,900.
About 116 firms are present at the fair.