Romania through my eyes

400 million Euros for properties in Romania400 million Euros for properties in Romania400 de milioane de euro pentru proprietăţi în România


Investors from Greece and Austria are ready to invest 400 million Euros in the Romanian real estate market.       The real estate consulting company More Real Estate Services from Greece was empowered by individuals and investment funds to mediate transactions of 400 million Euros on the real estate market in Romania this year. “On the Romanian real estate market, there are many investment opportunities Investors from Greece and Austria are ready to invest 400 million Euros in the Romanian real estate market The real estate consulting company More Real Estate Services from Greece was empowered [...]

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More RE has mediated transactions of 70 million €More RE has mediated transactions of 70 million €More RE a intermediat tranzactii de 70 mil. €


  The real estate consulting company with Greek capital More Real Estate Services has mediated this year, on the Romanian real estate market, 17 transactions with office spaces, commercial properties and lands, in value of 70 million Euros, under the conditions where, in 2008, the facilitated sale-purchase agreements   have added up to 150 million Euros.       “From the incorporation of the company, in 2004, we have offered consulting services for 260 transactions, adding up to 400 million Euros, more than one third of them being performed outside Bucharest, in 15 towns. The real estate [...]

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The residential market shall continue to drop by the half of 2010The residential market shall continue to drop by the half of 2010Piata rezidentiala va continua sa scada pana la jumatatea lui 2010


  The residential segment shall continue to be confronted with a difficult situation for at least one year and a half, stated on Thursday  the general manager of the real estate consulting company MORE Real Estate Services, Ilias Papageorgiadis.       “We are no longer promoting the residential sector since things are really bad in this area and the situation shall continue to be difficult  for at least a year and a half. It shall continue to drop in the first half  of the year 2010, and afterwards it shall stabilize.       The decrease was rather aggressive so far, and we are expecting [...]

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My Press Conference to the Media


On Wednesday my company MORE Real Estate Services organized a Press Conference at Hilton hotel, using the help of Civitas PR specialists. It was good, productive and interesting, I could even describe the result as satisfactory. We invited almost everyone, but Tuesday’s storm prevented many of them to come (probably together with the fact that I didn’t have anything “shocking” to announce). As it was the first event we organized, we also learned a lot, so as the next ones to be even more successful. Discussing with 12 journalists is never an easy job, even for an ex journalist like me. [...]

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Press conference 3rd of June – “Romania through my eyes”


Press conference 3rd of June – “Romania through my eyes” 01 | Mrs. Tereza Valcan – Civitas Global – Introduction of the press conference 02 | Mr. Ilias Papageorgiadis – Brief review of Real Estate market in 2008 – The bubble of 2008 03 | Mr. Ilias Papageorgiadis – Real Estate market in 2009 and real opportunities 04 | Mr. Ilias Papageorgiadis – Banks in Romania and income properties; good period to invest and locations 05 | Mr. Ilias Papageorgiadis – “When is the market going to reach bottom?”, “ When things will return to normal?” 06 | Mr. Ilias Papageorgiadis – MORE [...]

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Real estate investments Real estate investments Investitii in imobiliare


The company More Real Estate Services has mediated this year on the Romanian real estate market 17 transactions with office spaces, commercial spaces and land plots, in value of 70 million euros, under the conditions where in 2008 the facilitated sale-purchase agreements have added up to 150 million euros. “The years 2009 are 2010 very good for real estate investments, because you can find commercial spaces and office spaces at very good prices. The yield has increased to  9-9,5%, event to 11-12% in Bucharest, and we have found properties with a yield of 15%”, stated yesterday, in a conference, [...]

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Real estate analysts: old apartments are still too expensive Real estate analysts: old apartments are still too expensive Analiştii imobiliari: apartamentele vechi sunt încă prea scumpe


        Even if the prices of the old apartments from Bucharest have lowered in the past six months with almost 50%, reaching at the present time an average level of EUR 40,000 for a studio situated in Militari, the foreign consultants say that the prices are still too high. A year ago, the price was of almost EUR 70,000. “A studio in Militari should not cost more than EUR 25,000-30,000. For people to afford a two room apartment, the price should be of Even if the prices of the old apartments from Bucharest have lowered in the past six months with almost 50%, reaching at the present time [...]

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“I want 1.500.000 euro, not negotiable”


“Then play Lotto” “Ok, 500.000 is ok?” Today I am in Timisoara for few hours, but on Friday I was in Cluj. The day was full of meetings there, as my “never ending quest” to find and purchase good properties continues. Cluj is also hosting these days TIFF festival, a Film Festival which is described (by the locals) as the most important Romanian one. So, if you want to have a taste of glamour, meeting VIPS and “celebrities”, Cluj is your destination these days… Cluj, a city full of memories… This time my visit there, except a potential new deal which is almost sealed and some [...]

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