Romanian real estate market: 14 international companies to invest 2.4 billion euro in 2008

At least 14 international companies announced investments amounting to 2.4 billion euro on the Romanian real estate market for 2008, to develop residential and commercial projects, More International Invest company director Ilias Papageorgiadis has told Romanian news agency NewsIn.

He said that he had the opportunity to meet several real estate investment companies at the Expo Real Munchen in Germany where several companies expressed their interest to invest in various sectors in Romania.

The list of target cities includes capital Bucharest, Constanta, Iasi, Brasov, Sibiu, Oradea, Arad, Cluj and Timisoara – that is, the biggest cities in the country.