Forty Management has so far sold approximately 700 apartments in six projects. The last project carried out by Forty Management is the Viitorului project, which includes 40 apartments, an office building and several commercial spaces.
Recently, the real estate developer started work on the Central District Lagoon City, a project designed strictly for rent, with over 400 apartments, office and service spaces, a hotel and an artificial lagoon located in the center of the complex.
“Although until now the prices of the apartments have been kept at an affordable level for consumers, currently, the high costs related to the constructions inevitably lead to their increase. People are not yet ready to accept the new average prices per sqm, which is currently generating a blockage in the market,” says Lucian Azoiţei, founder and CEO of Forty Management.
“The very high pressure on costs, also comes from inflation, but also from the lack of labor force,” he adds.
Source: zf.ro
