Apartments and houses foreclosed by domestic banks are most ofthe times in a normal state, according to banking bailiffs,although on other markets owners had the habit of devastating thistype of homes before handing them over to banks, real estateconsultants say.
According to the information on banks' websites, at least 1,500foreclosed homes are up for sale now, but real estate players saythe number will rise considerably in the coming months, as somebanks want to postpone provisions to be able to end the financialyear with acceptable results.
"I believe that should banks put up for sale all the foreclosedproperties next year, prices will drop by a further 20% at least(...)," says Mihaela Irina Alexandroiu, owner of Re/MaxBastion.
Consultants say the market has lived on rentals in the pastyear, as there have been few buy-sell deals. Still, there has beenrising interest in houses and plots of land located at theoutskirts of Bucharest lately.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
