Furthermore, “some 75 percent of properties available on the luxury rental market were rented for €2,000-2,500 per month,” the report shows. The most sought after were three-bedroom apartments (42 percent of total rented housing units).
According to the CBRE survey, developers who used to depend on banking loans and significant revenues from apartment sales from the time of the design phase will not be able to finalize residential projects, many of these under construction.
