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, [...]

      “More Real Estate Services”, one of the real estate brokering companies in Romania, participated at the “Expo Real” Fair in Munich during October 5-7. “More” shared the stand together with Proiect Bucuresti, the largest Romanian architectural, engineering and urban planning office. After the Fair, the Romanian companies realized that there are fewer and fewer foreign investors interested in Romania, because of the lack of seriousness and the unrealistic prices from our country.       “Expo Real” is the one of the biggest Real Estate Fairs in the world. As generally expected, this [...]

      The 5 foreign companies are interested in income properties, agricultural lands, alternative energies and cultivating forests or other agricultural projects, Ilias Papageorgiadis General Director of More Real Estate Services said. He didn’t disclose the name of these companies.       Only five foreign companies have shown interest to invest in real estate in Romania this year, at Expo Real Munich, one of the largest property exhibitions in Europe, compared to over 142 investors interested in 2007, said Tuesday the CEO of consulting company.       “If in 2007, there were 142 [...]

      Only five foreign companies have shown interest to invest in real estate in Romania this year, at Expo Real Munich, one of the largest property exhibitions in Europe, compared to over 142 investors interested in 2007, said Tuesday the president of consulting company.       “If in 2007, there were 142  foreign investors  interested in the real-estate sector  in Romania, in 2008 their number dropped to 35 invesetors, so as this year, at Expo Real Munchen, one of the biggest real-estate fairs in Europe, only 5      Doar cinci companii straine s-au aratat interesate sa investeasca [...]

      “Today, the general perception of the investors about Romania is that they have lost a lot of money here”, Ilias Papageorgiadis, CEO of More Real Estate Services, real-esatate consultancy company participating in Expo Real Munchen, sais.       This year, the investors truly interested in the opportunities offered by the local real-estate market could be count by the fingers of      “Astazi, perceptia generala a investitorilor despre Romania este ca au pierdut multi bani aici”, spune Ilias Papageorgiadis, CEO al More Real Estate, companie de consultanta imobiliara participanta [...]

      The number of the companies which want to invest in the real-estate sector in Romania dropped approximately 30 times compared to 2007.       Only five foreign companies have shown interest to invest in real estate in Romania this year, at Expo Real Munich, one of the largest property exhibitions in Europe, compared to over 142 investors interested in 2007, said Tuesday the president of consulting company, notes NewsIn.       “If in 2007, there were 142  foreign investors  interested in the real-estate sector  in Romania, in 2008 their number dropped to 35 invesetors, so [...]

      One year after the crisis started, objectively speaking, we can not attract the foreign investors but through “distressed” assets. Currently, the yields are much less attractive than in West.       Moreover, in West one can find a better construction, tenants and contracts’ quality. ”It is known, regarding the quality of the quality of the contracts here, there is much uncertainity and lack of truth. Maybe when the investors will not be treated as some people with money who are good to be fooled, something will change. There are many foreigners who invested here and have the money [...]

The Germans and the Americans are returning to Romania       “Today, the general perception of the investors about Romania is that they have lost a lot of money here”, Ilias Papageorgiadis, CEO of More Real Estate Services, real-esatate consultancy company participating in Expo Real Munchen, sais. This year, the investors truly interested in the opportunities offered by the local real-estate market could be count by the fingers of one hand. The total budget allocated by these investing companies to the local market reaches 200 mln euros, according to the Director of More. In comparison, the [...]