Building Permits Down 45% in Bucharest in Past 3 Years

today, 11:28 By Bogdan Alecu

Housing prices have risen by as much as 100% in major cities of Romania in the past six years and Bucharest administrative crunch swells market pressure. Bucharest registered a 45% decline in building permits in the past three years, which is severely constraining new house supply.

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Keywords:
Bucharest
, building permits
, decline