Romania through my eyes

Unfortunately I was proved correctWhat does it mean 24% VAT for the Real Estate market


About 50 days ago I had written an article where I was explaining to you what it means for the Romanian economy and the Real Estate market in specific a possible rise of VAT. I still remember the number of people who told me that I am crazy and that this is not possible to happen. Unfortunately, after the Supreme Court’s decision, the part of VAT has already come. And I strongly doubt if it will be the only measure, I am expecting more to come, as there are no policies to really solve problems. So, no policies = no solutions = more problems = more debts = more taxes and a vicious circle has started… (No [...]

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New Real Estate era, new challenges for all of us5 tips for investors in order to reach a successful deal


Romanian Real Estate world has entered in a new era since several months now. During this period, not only investors choose the rules of the deal, but the only expected transactions will be the ones dealing with top properties in “decent” prices or foreclosures. Everything else will remain “idle”, depending on its owner’s ability to wait for better days. (read more about this new era here) This is not a moment for someone to be arrogant, either he is an owner of a property or a potential buyer. It is time for clever moves and careful actions, in order the result to be satisfactory. But what should [...]

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New Real Estate era, new challenges for all of us5 tips for owners of properties


Romanian Real Estate world has entered in a new era since several months now. During this period, not only investors choose the rules of the deal, but the only expected transactions will be the ones dealing with top properties in “decent” prices or foreclosures. Everything else will remain “idle”, depending on its owner’s ability to wait for better days. (read more about this new era here) This is not a moment for someone to be arrogant, either he is an owner of a property or a potential buyer. It is time for clever moves and careful actions, in order the result to be satisfactory. But what should [...]

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The new era of Romanian Real Estate market:Top properties in good prices and foreclosures or no deal at all


This year started with several experts predicting that the prices would rise. Life proved that this was not accurate, as the serious problems of Romanian economy keep on blocking the market’s evolution. As June is about to end, it is more than clear that the Romanian Real Estate market has entered in a new era, disappointing the speculators who expected the party to start soon. The factors which lead us to the new era Which are the factors which guide us to this new era? Let us review the reality we live today, June 2010? Romanian economy continues trembling. Despite the hopes for improvement, [...]

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Tips about buying your future house:5. What are all these “super homes for nothing” and who are their… “developers”?


Investment in a new house (some call it a villa too) is more difficult than an apartment inside the city. It requires more personal involvement and the resolution of many problems which at first glance appear as “easy”. After the “first wave” of investors in this segment (2000 – 2004) and the second one (2005 – 2008), during 2010 the market clearly heads to a new direction. People are more careful and “opportunities” are analyzed thoroughly by everyone. As the crisis deepens, we all hear many “voices” about “super homes at minimal prices”, plus there is a very big discussion regarding the ability [...]

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“I am strong, look at my muscles, I should be paid double than the old man”


part 3 of the post “7 apartments, a villa in Pantelimon and a gypsy… bodybuilder” to read part 1, please press here to read part 2, please press here A villa in Pantelimon for an ugly two rooms apartment in the center I decided to send another colleague of mine, as the first one was informed the next day “not to appear again without 55.000 Euro per apartment”. This second guy was advised to ask for documents and papers, in order to evaluate what was for sale. He managed to find out that the old man had bought one of the apartments and the rest 6 were rented by ICRAL, with the owners owing [...]

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A loudly… quiet procedure


Part 2 of the post “7 apartments, a villa in Pantelimon and a gypsy… bodybuilder” to read part 1, please press here Identification of procedure… I sat down on my chair. Three of my colleagues joined our meeting in the conference room. We started by identifying the procedure. My first colleague began to explain, after having investigated a bit, with the help of my client’s lawyer: “The apartments belong to ICRAL, a State’s organization responsible for properties being built and given to people with low incomes*. We need to find if any of the owners has bought the apartment, by paying ICRAL. [...]

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7 apartments, a villa in Pantelimon and a gypsy… bodybuilder


(part 1) “Let us invest in the center of Bucharest” The taxi driver left me exactly at the right place. I stepped down and walked in the building’s garden. Before to enter inside, I raised my head and admired the quality of construction, even if I was looking at the back of the buildings. 5 office buildings, one next to the other, with their facade on one of the most important boulevards of Athens. I walked in and soon the elevator (covered by expensive marble) lifted me at the right floor. I entered in the office where I was expected. Following the advices of my client’s personal assistant, [...]

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