2009 and 2010, the Golden era of Investments; 2009 şi 2010, epocă de aur pentru investiţii
Despite the reticence of the buyers, the real estate market offers opportunities for who knows what to buy and what is the correct price to be paid. Now that the prices have come back to the values from the past years, there are powerful investors researching closely the national real estate.
If you find a good property at a reasonable price, buy now. There is no guarantee that is shall still be there tomorrow. This is how we could summarize, in a few words, an unexpected action
Despite the reticence of the buyers, the real estate market offers opportunities for who knows what to buy and what is the correct price to be paid. Now that the prices have come back to the values from the past years, there are powerful investors researching closely the national real estate.
If you find a good property at a reasonable price, buy now. There is no guarantee that is shall still be there tomorrow. This is how we could summarize, in a few words, an unexpected action
În ciuda reticenţei cumpărătorilor, piaţa imobiliară oferă oportunităţi pentru cine ştie ce şi cu cât să cumpere. Acum, că preţurile au revenit la valorile înregistrate în anii trecuţi, există investitori puternici care cercetează îndeaproape real estate-ul autohton.
Dacă găseşti o proprietate bună la un preţ convenabil, cumpără acum. N-ai nicio garanţie că mâine va mai fi acolo." Aşa ar putea fi rezumată, în câteva cuvinte, o strategie de acţiune neaşteptată pe timp de criză. „Peste cinci ani, ne vom aminti de 2009 şi 2010 ca fiind cea mai bună perioadă pentru investiţii", spune Ilias Papageorgiadis, CEO al More Real Estate Services.
După scăderile masive de preţuri înregistrate până acum, piaţa imobiliară autohtonă se află în sfârşit în punctul în care legea este dictată de cumpărători. „Există multe oportunităţi astăzi. Faptul că oamenii nu vor să investească se datorează în mare parte unui efect psihologic. Când se vor decide să cumpere, vor avea de pierdut", spune Papageorgiadis.
Investiţii de 400 de milioane de euro
În momentul de faţă, spune directorul More Real Estate, există jucători puternici care cercetează piaţa autohtonă. Un exemplu în acest sens este Zeus Capital Partners, un fond de investiţii grecesc activ pe segmentul rezidenţial. „Piaţa va creşte. Investitorii ştiu că pot câştiga mai mulţi bani decât până acum", crede Papageorgiadis.
Compania pe care o conduce este autorizată de clienţii săi să facă investiţii în valoare de 400 de milioane de euro pentru restul lui 2009. Papageorgiadis se aşteaptă să absoarbă însă doar 160-180 de milioane de euro din acest buget, în funcţie de oportunităţile identificate în piaţă.
Acestor investiţii estimative li se adaugă achiziţii în valoare de două milioane de euro pe care omul de afaceri grec intenţionează să le facă în contul propriei companii. Principalul punct de interes este reprezentat de către proprietăţile generatoare de venit, cum ar fi spaţiile comerciale.
De la începutul acestui an, More Real Estate Services a intermediat tranzacţii în valoare de 70 de milioane de euro. Cea mai mare parte din această sumă a fost direcţionată către achiziţionarea de terenuri în afara Capitalei. De asemenea, achiziţiile făcute în contul companiei în 2009 se ridică la 1,9 milioane de euro.
Bucureştiul nu e Paris
Papageorgiadis spune că, în opinia sa, recesiunea pieţei locale nu este un efect al extinderii crizei americane a creditelor subprime. „Piaţa românească ar fi explodat oricum, pentru că toată lumea pierduse contactul cu realitatea", spune el. Preţurile pe care le cereau vânzătorii până anul trecut erau nebuneşti, toată lumea avea impresia că România este centrul universului, argumentează el.
Perioada pe care o traversăm acum nu este decât o reaşezare firească a pieţei. Am evitat colapsul, spune directorul More Real Estate, iar rata de scădere a preţurilor este mai lentă. Acesta estimează că abia spre 2011 piaţa va reveni la normal. „ « Normal» nu înseamnă nebunia de până acum. România are un viitor extrem de bun, dar trebuie să înţelegem cine şi unde suntem. Nu ne putem compara cu o ţară vestică în materie de preţuri. Bucureştiul nu e Paris", încheie Papageorgiadis.
Cărţi despre real estate
Recesiunea imobiliară scoate la iveală primele apariţii ale literaturii de specialitate. Cea dintâi carte de profil a fost lansată recent de Eduard Mircea Uzunov împreună cu Liviu Marcoci. Aceasta reprezintă „un ghid al investiţiei imobiliare inteligente", după cum o descrie însuşi Eduard Uzunov.
Cartea este pe piaţă în 5.000 de exemplare, iar până la sfârşitul anului va ajunge la 20.000 de exemplare. „Toţi banii proveniţi din vânzări vor fi donaţi unei asociaţii de persoane nevăzătoare şi în aproximativ doi ani va mai urma probabil o carte", spune Uzunov. Ilias Papageorgiadis a lansat cartea „Romania through my eyes", tipărită în 1.500 de exemplare.
Volumul reprezintă o colecţie a celor mai bune postări din 2008 pe blogul personal al omului de afaceri. „Cel mai bun moment să vorbeşti este atunci când nimeni altcineva nu vorbeşte", argumentează omul de afaceri grec.
70 milioane de euro este valoarea tranzacţiilor intermediate de More Real Estate.
Sursa: http://www.adevarul.ro/articole/2009-si-2010-epoca-de-aur-pentru-investitii.html
strategy for this time of crisis. “In five years, we shall remember the years 2009 and 2010 as being the best period for investments”, says Ilias Papageorgiadis, CEO of More Real Estate Services. After the significant price decreases occurring so far, the national real estate market is finally at a point where the law is decided by the buyers. “There are many opportunities today. The fact that people don’t want to incest is mostly due to a psychological effect. When they decide to buy, they shall have a lot to lose” says Papageorgiadis
Investment of 400 million Euros
Currently, says the manager of More Real Estate, there are powerful players analyzing the national market. Such an example is Zeus Capital Partners, a Greek investment fund operating in the residential sector. “The market shall grow. The investors know that they can earn more money than they have earned so far”, believes Papageorgiadis.
The company that he is managing is authorized by the clients to make investments of 400 million Euros, for the rest of 2009. Papageorgiadis is expecting to absorb only 160-180 million Euros from this budget, according to the opportunities identified on the market.
To these estimated investments, there are added purchases in value of two million euros, that the Greek businessman intends to make for its own company. The main point of interest is represented by the properties generating income, such as commercial spaces.
From the beginning of the year, More Real Estate Services has mediated transactions of 70 million Euros. Most of the amount was used for the purchase of lands outside the Capital. Furthermore, the purchases made for the account of the company in 2009 range up to 1.9 million Euros.
Bucharest is not Paris
Papageorgiadis says that, in his opinion, the downfall of the local market is not caused by the extension of the American crisis of the subprime loans. “The Romanian market would have exploded anyway, because everybody had lost contact with reality”, he says. The prices requested by the sellers until last year were crazy, and everybody felt that Romania was the center of the universe, he argues.
The period that we are living now is no more than a return to normal of the market. We have avoided collapse, says the manager of More Real Estate, and the price decreasing rate is slower. He estimated that the market shall go back to normal only in 2011. “« Normal» doesn’t mean the madness which has been going on so far. Romania has an extremely good future, but we must understand who we are and where. We cannot compare ourselves with a Western country as regards the prices. Bucharest is not Paris”, concludes Papageorgiadis.
Books on real estate
The real estate recession is drawing to the light the first releases of the specialized literature. The first book in the field was the one recently launched by Eduard Mircea Uzunov together with Liviu Marcoci. It represents a “guide of the intelligent real estate investment”, such as described as Eduard Uzunov.
The book was released on the market in 5000 copies, and by the end of the year it shall go up to 20000 copies. “All the money coming from sales shall be donated to an association for persons with blindness problems, and in approximately two years, a book shall follow”, says Uzunov.
Ilias Papageorgiadis has launched the book “Romania through my eyes”, printed in 1500 copies. The volume is a collection of the best posts from 2008 on the personal blog of the businessman. “The best moment to talk is when nobody else is talking”, argues the Greek businessman.
70 million Euros is the value of the transactions mediated by More Real Estate.
Authors: Adriana Dragusin, Simona Macovei
“Adevarul” Newspaper
strategy for this time of crisis. “In five years, we shall remember the years 2009 and 2010 as being the best period for investments”, says Ilias Papageorgiadis, CEO of More Real Estate Services. After the significant price decreases occurring so far, the national real estate market is finally at a point where the law is decided by the buyers. “There are many opportunities today. The fact that people don’t want to incest is mostly due to a psychological effect. When they decide to buy, they shall have a lot to lose” says Papageorgiadis
Investment of 400 million Euros
Currently, says the manager of More Real Estate, there are powerful players analyzing the national market. Such an example is Zeus Capital Partners, a Greek investment fund operating in the residential sector. “The market shall grow. The investors know that they can earn more money than they have earned so far”, believes Papageorgiadis.
The company that he is managing is authorized by the clients to make investments of 400 million Euros, for the rest of 2009. Papageorgiadis is expecting to absorb only 160-180 million Euros from this budget, according to the opportunities identified on the market.
To these estimated investments, there are added purchases in value of two million euros, that the Greek businessman intends to make for its own company. The main point of interest is represented by the properties generating income, such as commercial spaces.
From the beginning of the year, More Real Estate Services has mediated transactions of 70 million Euros. Most of the amount was used for the purchase of lands outside the Capital. Furthermore, the purchases made for the account of the company in 2009 range up to 1.9 million Euros.
Bucharest is not Paris
Papageorgiadis says that, in his opinion, the downfall of the local market is not caused by the extension of the American crisis of the subprime loans. “The Romanian market would have exploded anyway, because everybody had lost contact with reality”, he says. The prices requested by the sellers until last year were crazy, and everybody felt that Romania was the center of the universe, he argues.
The period that we are living now is no more than a return to normal of the market. We have avoided collapse, says the manager of More Real Estate, and the price decreasing rate is slower. He estimated that the market shall go back to normal only in 2011. “« Normal» doesn’t mean the madness which has been going on so far. Romania has an extremely good future, but we must understand who we are and where. We cannot compare ourselves with a Western country as regards the prices. Bucharest is not Paris”, concludes Papageorgiadis.
Books on real estate
The real estate recession is drawing to the light the first releases of the specialized literature. The first book in the field was the one recently launched by Eduard Mircea Uzunov together with Liviu Marcoci. It represents a “guide of the intelligent real estate investment”, such as described as Eduard Uzunov.
The book was released on the market in 5000 copies, and by the end of the year it shall go up to 20000 copies. “All the money coming from sales shall be donated to an association for persons with blindness problems, and in approximately two years, a book shall follow”, says Uzunov.
Ilias Papageorgiadis has launched the book “Romania through my eyes”, printed in 1500 copies. The volume is a collection of the best posts from 2008 on the personal blog of the businessman. “The best moment to talk is when nobody else is talking”, argues the Greek businessman.
70 million Euros is the value of the transactions mediated by More Real Estate.
Authors: Adriana Dragusin, Simona Macovei
“Adevarul” Newspaper, 09.06.2009