8,000 apartments to be delivered in Bucharest in 2008

At least 40 projects started in Bucharest will be delivered to the market as a whole, or just the first stage, over the course of next year, according to data presented by developers and by real estate consulting companies in charge of promoting the products, and centralised by ZF. Around 8,000 new homes, which are part of projects started in 2006 or in the first part of this year, will be delivered to their owners, about 5 times more than in 2007, which, according to Colliers International, saw the delivery of around 1,500 housing units within large projects, of over 200 homes, such as Central Park or Quadra Place. Under the circumstances, 2008 will be the first year to see a move towards balancing the demand and supply, although many of these homes are already sold. Bucharest saw 25,000 to 30,000 apartments being sold, according to a non-official estimate, according to which in the 3rd sector of the Capital alone, over 2,800 buy-sell permits were issued in the first 8 months of the year.