Hopes that the Romanian property market would escape the worst of the financial market crisis proved to be misplaced, panellists on the Romanian investment forum at this year’s EXPO REAL agreed. ‘Romania turned out to be one of the biggest bubbles in the region,’ said Christopher Berlew, managing partner at law firm Salans in Bucharest. ‘The real estate market has taken a nosedive over the past year-and-a-half.’
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
