Romania through my eyes

“The clever guys buy assets when the mass is afraid”


Every weekend: Replying to your comments  On 22.01.2010, Mr Ioannis Kalaitzidis shared with me his opinion, regarding my post http://http://www.iliaspapageorgiadis.ro/english/top-5-behaviors-of-2009-%e2%80%9ci-prefer-to-starve-than-to-work-your-way%e2%80%9d-2/  ”I do not want to seem arrogant or disrespectfull, but in my humble opinion, all this has teach us nothing, because in my opinion everything is going to be done again; in 2015 and the same pattern will repeat ! Let’s see if i am right or if i am wrong. The clever guys buy assets when the mass is afraid”.              I agree [...]

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“Ilia, you write this article just topromote yourself as Real Estate agent”


Every weekend: Replying to your comments On 25.01.2010, Mr Daniel Nistor sent to me a very interesting email, commenting on my post: http://http://www.iliaspapageorgiadis.ro/english/top-5-behaviors-of-2009-%e2%80%9ci-prefer-to-starve-than-to-work-your-way%e2%80%9d-2/ “Dear Ilias, First of all, congrats for your article being published in Hotnews today. Ihere was a huge debate there and I am sure that you will analyze it carefully. I will give you the benefit of a doubt and I will presume that you only tried to point out that many of the real estate agents in Romania are not well prepared [...]

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5 Real Estate lessons I receivedduring this frozen January…


After a long period of unusually warm weather, Athens has finally entered into winter this week. “At last”, I thought, “I am able to wear the same clothes I wear in Romania too”. A sudden weak rain did not manage to stop me from walking to my next meeting, but it caused the delay of my friend whom I was supposed to meet. I chose to wait him, sitting at a table with direct view to the Greek Parliament, at Constitution square. As the sky was dark and the environment around me was not really friendly, I dived into my experiences and I recovered all I lived during this January, this… frozen [...]

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Romanian Real Estate market, 2010 Punish the crooks but also appreciate and respect the serious professionals


part 2 (to read part 1, please press here) How did I finally rent my current office? After almost 4 months of search, I can admit that I had reached my limitsThey provided me the offer, I saw the place and I negotiated with the owner directly (with the collaborating agent present, but without the usual “this is the price, don’t talk about it” approach). It was a matter of 2 meetings with the owner, so as to reach an agreement and a third one to arrange the details of the contract. All of us took what we wanted: I had the deal I was searching for, the owner found a tenant who suited his strategy [...]

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Romanian Real Estate market, 2010 Punish the crooks but also appreciate and respect the serious professionals


(part 1) My friend had promised to me: “You will come to our building, immediately after we will finish its construction”. “Are you sure?” “Definitely, don’t even think about it”. The months were passing by and from the winter of 2008, we reached soon the spring of 2009. At the end of May things changed: “Look, do me a favor, I will rent the whole surface to a single tenant, who is our common friend”. I stepped back and accepted to enter in the painful and bloody procedure of finding a new office for my company to move… Two directions in my quest to find new office… Yes, we are a Real [...]

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Romania: A… “renovated restaurant”


Let us compare investing into Real Estate with eating at a “restaurant”. After Romania left Communism behind, the venue was like an old, abandoned communistic “place to eat”. Things improved, but really slowly. Only at the dawn of the new century the improvements started being noticeable, attracting more clients. So we could eat here, being sure that we will not be poisoned (lose our capital). While the country was moving forward, the connection to European Union boosted the interest of people (similar to say that the restaurant changed name, obtaining an international franchise brand). A new [...]

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Top 5 behaviors of 2009“I sell my Ferrari and BMW with 80% discount, but I am still a smecher”


“Ilia, I have a super offer for you or a client of yours”. “Hello, what happened?” “Check your email. You have time until Monday morning at 11.00″. “To do what?” “There is a very well known friend of mine who decided to sell two of his cars for a very low price, 60% under their value”. “But you know, I don’t deal with cars, I am into Real Estate”. “You may have someone, check and have a look. But please don’t say this to someone if you are not sure he has money cash”. One of the usual 15 – 20 emails I receive per hour was also this email of his. He is a collaborator of mine in Real Estate, [...]

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In what properties can a Romanian medium income family invest in


Source: www.wallstreet.ro By Sorina Negrila, 5th of January 2010 Ilias Papageorgiadis (photo), CEO of the real-estate consultancy company More Real Estate Services, states that 2010 is a transition year for Romania and thinks that the present crisis will continue, except for the case in which the Government will undertake painful measures to stop the economical decline and will stabilize this sector. Otherwise, after Greece will recover, thing likely to happen during the first months of the year, the pressure will fall on other countries, Romania being among the first ones on the list. “Under [...]

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