Buyers are asking for discounts as high as 70% off the property sale price

Most buyers or those who are now "probing" the real estate market, are focusing strictly on finding bargains. Nobody wants to buy at the usual price for specific areas of the city, but rather at the "crisis special" prices, which means a price that"s been pushed down through negotiations to where it almost becomes equal to the production cost. "Regardless of whether we"re talking about residential or industrial sales, plots of land or residential rentals, offices or commercial areas, all the buyers are using the crisis as a pretext to negotiate very shrewdly and sometimes push prices far as 70% lower than the listed price", representatives of "EuroMetropola" say, in a press release sent to our editors. As the waiting period between the time a property is put up for sale and its rental/sale occurs has significantly increased over the 2007-2008 period, owners are a lot more open to negotiate (sometimes accepting even half the price they were initially asking for), as they are constrained by other financial obligations. "Under these circumstances, it"s no wonder that the number of apartments put up for rental has increased 40% since the beginning of the year, and the number of owners who refuse to sell continues to increase", realtors of "EuroMetropola" said. When the market conditions were different, the negotiated price would vary by 20% at most. But ever since there no longer is a generally accepted market price, buyers are trying to force the hand of owners even further. Prices are stabilizing, but they won"t fall much further.