The nostalgic of the communist period, who expected that after ’89 the constructions sector would not rise to the precedent’s grandeur, were wrong.
After a long period of slow movement in constructions, the announcements avalanche launched during the last 2-3 years by the constructors with plans of building new quarters starts to shape up. The number of residential buildings finalized in the first quarter of the year exceeded with 47% the last year’s performance.
Although the percentage is impressive, we cannot say the same thing about the real number of houses put into use during the first 3 months of 2007: only 7238 houses in the entire country, all of them made with private funds.
Things will change significantly in the next 2 years, when INS estimates that more than 100.000 apartments will be inaugurated in Bucharest and major cities in the country.