Romania's real estate sector, previously one of the economy's most active sectors, is slowly coming out of the hibernation forced upon it by the global financial crisis, with the majority of indicators pointing towards recovery by 2011.
The number of real bestate/b transactions was down 34.8% on the year in the first half, at 162724, while the value of taxes on property deal revenues dropped 63%, to 214.3 million lei (EUR1=RON4.2143), according to the National Union of ...
