The number of real estate transactions fell significantly lastyear, by almost 30% against 2008, while their value halved, amidmore difficult access to financing due to the tougher lending termsin the context of the crisis. According to data from the NationalUnion of the Romanian Notaries Public (UNNPR), the number oftransactions involving homes and land fell to 352,518, from 484,767in 2008.
The downward trend was apparent throughout the year, but thefall was steeper in the first six months of the year, which sawdeclines of 30-40% compared with the corresponding months of 2008.January 2009 saw the lowest number of transactions - 22,182sale-purchase contracts, while October saw the highest number ofcontracts sealed (33,086 deals).
Towards the end of last year, the decline of real estatetransactions slowed down, after the market of real estatetransactions first started to drop at the end of 2008.
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