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The crisis drives up rents and cuts into apartment sales

Publicat la 27.10.2008, 22:00:00

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The crisis drives up rents and cuts into apartment sales

“A share of persons who qualified for home mortgages prior to BNR [National Bank of Romania norms going into effect will now no longer receive the necessary loans, and are obliged to resort to renting for a time.  This is also why rents have risen,” according to a declaration for Business Standard by Ioan Bejan, Business Development Manager of Raiffeisen Banca pentru Locuinte.

 

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