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Bucharest: The rush for luxury developments could raise real estate prices up to €6.000 a sq m

Hunger for luxury properties in Bucharest raised real estate prices in Romania's capital up to €6.000 a sq m, Adevarul daily wrote. The high-class residential developments market, targeting affluent people, has just begun to mature, Bogdan Georgesky, the general manager of Colliers International pointed out. The Romanian market has been known for its small-scale construction for years and now the time of huge projects like Baneasa has finally come, he added.

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