Bucharest's commercial real estate market is entering a new stage of development and growth, according to the latest 'Emerging City Winners' report issued by the global property consultant Jones Lang LaSalle (JLL). Bucharest is expected to have achieved over 9% GPD growth in 2006, making it Europe's fastest growing city economy. The leading property market consultant, which just opened a new office in the Romanian capital, said the growth and the structural reforms associated with Romania's accession to the EU in January 2007 point to rapid market evolution over the next five years.
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