It's official: Decline of real estate market continued into 2010 by 10%
Tentative fees in notaries’ scale, which are used to calculate fees and taxes for real estate transactions, will be cut by 10% as of September 1st in Bucharest and in Călăraşi, Giurgiu, Ialomiţa, Ilfov, and Teleorman counties. This has been caused by the “trend of the Romanian real estate market in the first seven months of 2010 as a result of economic recession,” according to the Union of Notaries.
