“We managed to some 280 contacts during last week’s fair. While last year’s contact success rate was 30 to 1, now it is a mere 50-60 to 1. As such, we are expecting that contracts made will lead to at least 7-8 sales contracts,” according to a declaration for Business Standard by Carmen Sandulescu, Chief Financial Officer of Impact.
The offers proposed by exhibitors at the Apartment and Condominium Fair are similar as those of last week’s fair, and include discounts of up to 30 percent, fully equipped kitchens, direct installment financing plans through the developers, and parking included in the price of the homes. Most developers who participated in last week’s fair decided to also participate in the second real estate fair, even if sales were poor due to the financial crisis. Even the representatives of Globe Trade Centre (GTC), one of the main housing developers on the local market, managed to collect some 300 contacts, but expects results only in two-three months. “Contracts are not as good as they were at previous fairs. Clients have a harder time making up their minds and analyze opportunities much more carefully. Those who visited our stand at the national real estate fair were mostly persons interested in learning how the market is doing,” said Raluca Dan, Sales Consultant for GTC’s Residential Department.
