Part 2 to read Part 1 please press here During the last 40 days I have been presenting parts of my prediction for the year to come in many interviews or panels I participated. While stating my opinion, I received the feedback of tens of people, who agreed or disagreed with what I think. Meanwhile the world economic crisis prepares to enter in a new phase, with different characteristics than the previous two phases we all lived during the last 15 months. After the sudden collapse and the continuous drop, we enter now to the fragile stability with some drops of recovery. But these are [...]
Romania 2010: Do we really wantto reach bottom and stop falling?
Part 1 During the last 40 days I have been presenting parts of my prediction for the year to come in many interviews or panels I participated. While stating my opinion, I received the feedback of tens of people, who agreed or disagreed with what I think. Meanwhile the world economic crisis prepares to enter in a new phase, with different characteristics than the previous two phases we all lived during the last 15 months. After the sudden collapse and the continuous drop, we enter now to the fragile stability with some drops of recovery. But these are for the rest of the world, not Romania… [...]
Residential rental prices in downtown:Almost the same ones with semicentral!
Ladies and Gentlemen! Today I will share with you a secret that many people see, but very few people realize in the market of Bucharest nowadays. I refer to the rental market, which today is influenced by the general turbulence that the Romanian Real Estate market is facing. So, if you want to rent a studio or an apartment with 2 rooms today, you have the following options: At the outskirts of the city, or any “bad” area, you will find not renovated homes for 150 – 200 euro / month. Going to the semicentral areas, like Titan, Vitan, Timpuri Noi, Dristor, Tineretului, Drumul [...]
Mr. Ilias Papageorgiadis live at Radio Linx
Radio Show: Global Business Moderator: Mr. Sotiris Karagiozidis Date: 10 / 11 / 2009 Topic: Crisis vs Real Estate – Evolution of Real Estate in Romania Start up to 00:08:00 Presentation of Mr. Ilias Papageorgiadis, MORE Real Estate Services and presentation of the 1st book published “Romania through my eyes” and last but not least the presentation of his personal blog for Real Estate http://www.iliaspapageorgiadis.ro/english 00:08:00 – 00:14:20 Small review of the predictions of Mr. Ilias Papageorgiadis regarding the crisis and general approach of Mr. Papageorgiadis [...]
“And what happened to all this demandfor offices, which was presented in several reports?”
Yesterday I was sharing with you the real situation that I see today in the office market of Bucharest. The prices were… cut off comparing to the ones of 2008 and the availability of office space was skyrocketed. Add on these two elements the fast contraction of Romanian GDP (probably it will be more than 9% down, comparing to 2008) and the world crisis and you create an “explosive” cocktail, ready to be served and cause major problems to almost everyone involved in the market. 2009 was dark, difficult, grumpy. 2010 is expected to be even worse, as we will reach the most [...]
Prices for offices to rent:Much lower than the officially announced ones…
Sometimes I laugh. Some other times I wonder. How is it possible that so many serious companies continue presenting market prices at high levels, while all of us know that the reality is completely different? Aren’t they feeling uncomfortable to present rental prices (still) at the levels of 17 – 22 euro / sq.m., while since the beginning of the year the only contracts we heard in the market were at the price range of 8 – 14 euro / sq.m? (I am happy to accept any exception that will confirm this rule too). The real situation of the market today Despite statistics and whatever [...]
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
