The economical crisis swooping on Romania dramatically affected the real estate area.
In the south of the littoral, prices of houses and lands are comparative to those in 2003; sellers offer 25% discounts at least, while buyers are happy to have found a bargain. Meantime, the real estate agents are trying to calm down everyone, saying that the crisis will pass in a year's time...
The real estate specialists from Mangalia, the best of them who managed to keep their businesses going, while most of them disappeared in less than two years, state that the crisis affected the buyers in the first place. Banks hardened the crediting conditions so that only employees having consistent monthly wages could dream of a real estate credit.
"The crisis did not affect only the real estate market in Mangalia area, it almost locked it up. Actual prices are more than accessible and the signals sent by the National Bank about loans are quite encouraging. We think that presently patience is the state of affairs on the real estate market.
Mangalia has an advantage: we are a small touristic town, and there are few offers available; nevertheless the practice of the last years has proven that home tourism is widely applied. So the owners of two or more apartments will want not to sell but to rent, especially now when the renting business has been constant in the South littoral", says Cristina Ivanciuc, real estate expert in Mangalia.
This summer, the owners of places to rent charge about 3,000.00 Euros for renting one or two bedroom apartments, for the whole season, while prices for renting for a longer period of time fall between 200 to 1,000 Euros, depending on area and facilities.
Houses for less than 100,000 Euros
The selling announcements contain very tempting prices, comparatively to the last year. In Mangalia, the price for a stud
