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Cadastre and advertising activities dropped by 22.5% in first five months

Cadastre and real estate operations dropped by 22.5% in the first five months of the year compared to the same period of 2008, when 1.7 million such operations were registered according to the National Agency for Cadastre and Real Estate Advertising. Over January-May 2009 there were 1,361,583 operations on the drop by 395,844 compared to January-May 2008, when 1,757,427 such operations were recorded. Compared to similar periods of 2007 and 2006, the number of cadastre and real estate advertising registered drops of 9% and 2.35%. In the first five months of 2007 there were 1,494,607 operations, 100,204 more than in 2006, when 1,395 million operations were recorded.For May 2009, statistics show a drop of 25.8% of cadastre and real estate operations compared to May 2008, from 395,572 to 267,207 operations and 24.6% compared to 2007.
The counties of Ilfov and Constanta registered the highest drops over January-May 2009
According to various areas of the country, the biggest drops were recorded in the counties of Ilfov and Constanta where cadastre and real estate advertising dropped by 35% and 29%. In Ilfov the number of operations were reduced by 31,050, from 88,675 to 57,624 and in Constanta they dropped by 20,446 from 70,129 to 49,683.Significant reductions were also registered in Bucharest – 24.31%- from 121,230 to 91,747, Timis county – on the drop by 22.35%, Cluj with 20.39% and Brasov 16%.The only county which registered an increase was Vaslui. In this county operations grew by 0.09% from 12,472 to 12,598.