Romania roaring toward record sales
The Government body is making this prediction based on the amount of tax it levied against property transactions last year of €360million, a 400% rise on monies charged in 2006.
Viorel Manescu, chairman of UNNPR commented: “In the January - November period, the tax collected and transferred by the notaries public for real estate transactions amounted to 1.065 billion RON in 2006, and for the whole of 2007, we predict a 1.2 billion RON revenue tax. For 2008, we estimated an around 30% increase, triggered mainly by the upward trend of real estate prices," said
Buyer markets
Dan Grigore, Sales Director of Impact, Romania’s biggest Developer, stated: “When the country’s mortgage market matures, attracting foreign investors will become even less of a priority.
“More than 60% of our buyers are Romanian. In terms of foreign interest, people living in