The new Romania is being built

The new Romania is being built

More residential projects ended during the first quarter.

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.

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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.