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Eurisko: property investments could reach 1bn euros

10.04.2006, 00:00 11

High yields on the real estate market will trigger an investment boom in the field, which could reach a billion euros. "The Romanian real estate market will attract investments estimated at 600 to 800 million euros this year, possibly even approaching the one billion euro-mark," said Radu Lucianu, partner with the real estate company Eurisko. The upward trend of this market will maintain in the next few years, both on the residential and on the commercial, office and industrial segments, believe officials of the real estate company. "Real estate investments proved to be among the most profitable in the Romanian economy as a whole last year," stated Luiza Munteanu, Research Coordinator at Eurisko. Indeed, profits seen in the last seven months of last year from real estate transactions stood at 250 million euros, according to data from the Ministry of Finance. ZF

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