The economic downturn has likewise affected the rental market segment, with prices are down 15-25 percent. For example, one year ago, the asking price for a one-bedroom apartment in the Quadra Place complex was €700-800 per month, while, at present, a similar housing unit can be leased with €580 per month.
“The perception that new apartments are rented only by foreigners is wrong. We have many applications from Romanians as well. Those who are looking for such homes are expats and dynamic youth or young families, with an above-average income, who cannot yet afford a home, or who are mobile and do not wish to invest in a home in Bucharest. Most sought-after are one-bedroom apartments, with rents between €500 and €700,” said Oana Ivan, General Manager Benevo.
