Home rental crisis: Prices Rise in Durres After the Earthquake

High demand for rented homes from families that have benefited or are waiting for the bonus to buy is facing a very low offer it has led to and raising the value of apartment rents.

Imobilar agencies in Durres say prices have suffered an increase of 50-150 euros more than before, due to the market's need for intact homes, with seismic sustainability.

The situation after the earthquake has changed in Durres. We have a lot of rent, but we don't have enough rent. Today we have had a rental facility, apartment 2+1, 100 m2, with 300-350 euros a month. The “Sefer Efendiu” area before was cheaper, the maximum 25 thousand dollars/months ago. It's empty, and we've had it furnished. The demands are many, but we have very few” objects, relates Ariana Isaac, administrator of themobilary agency “Dea”.

Even the map of interest in rented quarters has changed. Currently, the Durres beach area no longer shows interest in researchers.

“Now no longer look for the beach area. We hope that the situation will change during the summer season since measures are being taken by the government and the removal of inerts. Currently, the prices range from 200 euros to higher. With few rented residences left, ccimes have increased. There was no change in ccmime in the area of the moor or stadium. In those areas for buildings that have not been damaged, they continue to be rented in their vocations. But the request is not for them. People seek to move to the rest of the city, to Volga, Curillas, or to the city center”, says Isaac.

High floors and when they're not damaged are not preferred. They are considered uncertain and highly sensitive.

High “now do not accept. They've got fear, so people are looking for low floors, third and fourth floor maximized. When we tell them we have a house on the 9th floor, it's going directly to”, says Isaac.

But this period of cleaning, in addition to increasing demand for rented homes, has increased interest in buying property in Durres at favourable prices.

There's a growing demand for land purchases, houses, villas in offers outside the city, that there are no more in Durres. I've been talking to friends, colleagues, and there's a trend coming up right now. They seek to buy a site and build themselves, feel safer. Right now, there's a move. In an apartment we have, the owner has dropped the apartment's worth 10,000 euros after the” earthquake, Isaac explains.

Imobiliare agents, however, say there are not many such offers, large discounts in property values, as all are in expectation and assessment of the situation, hoping Durres Sic has shown it through its history has the power to rebuild and continue to be one of the Adriatic top centres. /Tch