Demand for new homes is falling, but real estate developers keep building new blocks.
Last year more than 15,000 homes were built, and the number could double this year, according to experts.Falling demand for new flats could hinder sales, but real estate experts expect that the oversupply will result in the appearance of new flat types in the long run. Supply of flats continues to expand, but prices and choices have not changed significantly. Most development projects involve large block of flats.
Source: HVG
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29.07.2004