“The market is picking up gradually and sales prove it. An average 12-15 housing units have been sold monthly since the realty fairs organized this spring, which translates into a nearly 30% increase compared to the same interval in 2012,” Alina Necula, head of marketing & sales at Adama, one of the largest housing developers in Romania, said in a statement.
Israel’s Tagor, which developed residential compound Adora Urban Village in south-western Bucharest, also reported higher sales. The first phase of the Adora compound, finalized this year, includes 75 apartments.
Given the sales growth rate, Tagor is considering developing the second phase of the compound in about a year.