Why would the foreigners prefer Bucharest when they can buy an apartment in Berlin with 60.000 euros? De ce ar prefera strainii Bucurestiul cand cu 60.000 € pot cumpara un apartament in Berlin?

      Interest of foreign investors for real estate market in Romania has declined over the past year, as prices fell on Western markets even to half, says Ilias Papageorgiadis, CEO of More Real Estate, real estate company arranging transactions of foreign investors in the local market.
      Meanwhile, the quality of the construction work still leaves much to be desired in Romania.
"In most major cities in the West, except the capitals,you can find apartments for smaller prices, which is not encountered in Bucharest.
      For example with 60,000 euros you can buy a small apartment, whose price was almost double a year ago. It is therefore more attractive for an investor to buy on the Western markets, which are more stable, than to come here to buy here at the same price

      Interesul investitorilor straini pentru piata imobiliara din Romania s-a redus in ultimul an, pe masura ce preturile au scazut pe pietele occidentale chiar si la jumatate, este de parere Ilias Papageorgiadis, CEO al More Real Estate, companie imobiliara care intermediaza tranzactii ale investitorilor straini pe piata locala.
      In acelasi timp, calitatea lucrarilor de constructii inca lasa de dorit in Romania.
      "In majoritatea oraselor importante din Vest, exceptie facand capitalele, gasesti apartamente la preturi mai mici, care in Bucuresti nici nu se practica.
      De exemplu cu 60.000 de euro poti cumpara un apartament de mici dimensiuni, al carui pret era aproape dublu acum un an. Din acest motiv este mult mai atractiv pentru un investitor sa cumpere pe pietele vestice, care sunt mai stabile, decat sa vina sa cumpere aici la acelasi pret", a adaugat Papageorgiadis.
      Potrivit acestuia, pretul unui apartament de doua camere ajunge la 60.000 de euro in Berlin sau Stuttgart. Preturile pe pietele vest- europene au scazut in ultimii doi ani cu procente cuprinse intre 40 si 80% in functie de segment, cel mai afectat fiind cel rezidential.
      More Real Estate a participat de curand la targul Expo Real din München, al doilea cel mai mare targ imobiliar din Europa, alaturi de compania Proiect Bucuresti, specializata in proiectarea de cladiri. "Anul acesta am avut in jur de 15 investitori interesati de piata imobiliara din Romania care ne-au abordat in cadrul targului de la München, cinci dintre acestia fiind dispusi sa investeasca in jur de 200 de milioane de euro pe piata locala. Spre comparatie, in 2008 am avut 35 de investitori, iar in 2007 142 de investitori s-au aratat interesati de piata imobiliara din Romania", a explicat Papageorgiadis.
      El a apreciat ca principalele domenii de interes pentru investitorii straini sunt proprietatile care asigura un venit constant, precum cele logistice si industriale, terenurile agricole si cele forestiere, precum si terenurile destinate unor proiecte energetice.
      "Cred ca sectorul logistic, cel industrial, dar si cel hotelier reprezinta oportunitati bune de investitii imobiliare pe piata locala in perioada urmatoare. Au fost cel mai putin afectate de criza si in curand cererea pentru astfel de spatii va creste. Pe de alta parte cred ca sectorul de birouri isi va reveni abia peste doi trei ani, iar in rezidential cel mai bine vor merge proiectele de mici dimensiuni", a continuat Papageorgiadis.
      In ceea ce priveste tranzactiile imobiliare din acest an, Papageorgiadis a apreciat ca majoritatea sunt efectuate de clienti care au nevoie urgenta de bani si sunt dispusi sa scada mult din pret.

Sursa: Ziarul Financiar, 21.10.2009

, "added Papageorgiadis.
      According to him, the price of a two-bedroom apartment reached 60,000 euros in Berlin or Stuttgart. Prices on Western European markets have fallen in the last two years with rates ranging between 40 and 80% depending on the segment most affected being the residential one.
      More Real Estate recently attended the fair Expo Real in Munich, the second largest real estate fair in Europe, together with Project Bucharest Company, specialized in designing buildings. "This year we had about 15 investors interested in Romania's real estate market who addressed to us in the fair in Munich, five of them being willing to invest around 200 million domestically. For comparison, in 2008 we had 35 investors and 142 investors in 2007 have shown an interest in real estate market in Romania, "explained Papageorgiadis.
      He said the main areas of interest for foreign investors are properties that ensure a stable income, such as logistics and industrial, agricultural and forest land, and land for energy projects.
      "I think logistics, industrial, but the hotel industry also is the best real estate investment opportunities on the local market in the next period. These have been the least affected by the crisis and soon the demand for such spaces will increase. On the other hand I think that the office sector will have a come-back just over two three years, and in the residential projects sector, the best will go the small dimensioned projects, "continued Papageorgiadis.
      In terms of property transactions this year, most are made by customers who urgently need money and are willing to drop more in price, Papageorgiadis appreciated.

 Source: Ziarul Financiar, 21.10.2009