Crisis solution: real estate developers rent new apartments in Bucharest, Ploiesti, Oradea, Constanta and Cluj

Joi, 4 decembrie 2008, 19:33 English | Business

Due to a decrease in demand for new apartments, real estate developers are doing their best to get some benefits from their investments by renting the new apartments in residential locations. Several real estate developers across Romania, in Bucharest, Ploiesti, Oradea Constanta or Cluj seek to rent the apartments or houses built in order to return some profits.

Real estate companies' representatives declared that there are four options a client can choose from: thus, he can have a credit without offering any advance payments, a credit with an advance, renting with an option to buy later and simply renting.

However, experts declared that the option did not revive any notable interest on the market. Experts declared that the prices are still very high: an average monthly cost can add up to 1000 euro for a an apartment of 53 sq meters in Bucharest.