Low Cost proposals to help Romanian economy exit the crisis: Romanian economy has faced better times than nowadays. While the following period will be difficult for everyone (and especially the weakest ones of us), it is more than necessary to restart the “economic engine” that can move the country. Having this in mind, it is time to choose and implement some simple, low cost proposals in order to see things improving in the following months and the near future. 3. Create schools for business. Force everyone to attend them Today’s facts The level of professionalism between business [...]
2 years of major Real Estate and economic crisis10 + 1 harsh lessons we learned
It was just 2 years ago. The summer of 2008 was about to start and Romanians were ready to break again any possible record of consumption. Foreigners followed (if not surpassed them), creating together a totally artificial world. No one was paying attention to the fact that the Real Estate market was already blocked since the autumn of 2007. After just few weeks the world (and Romania) woke up and learned about Lehman Brothers. That year’s September changed our life forever. We entered into a deep crisis, which most people had not predicted. But crisis is not always bad. People usually learn their [...]
Tips about buying your future house:4. Major public infrastructure, schools golf pitches and other “urban myths”
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. Too many times we are tempted by promises for future major public infrastructure, schools at the proximity of a property, future facilities of [...]
“I count only up to 20”“Then how will you count 280.000 euro?”
(part 3, for part 1 please press here, for part 2 please press here) Beware of the Greeks… Finally she found the solution. She invited a cousin of hers, “who went to the lyceum for 2 years” to come over and help. Thank God, this guy knew how to use a calculator. At 15.20 we had finished counting. And the next issue was how to carry the money until the notary’s office (who was calling every 30 minutes to ask what is going on, with the lady replying – shouting “we count, mister, we count”). The lady proposed to take the bag with the money and bring it there. The same did my client. “No no no… [...]
“I count only up to 20”“Then how will you count 280.000 euro?”
Articles published on Wednesday, February 10th, 2010 (part 2, for part 1 please press here, to read part 3 please press here) “What is this? A bank note of 5 millions? These are Satan’s things” The Romanian law is clear. A transaction can be legally concluded only if you pay using the local currency and this is RON. It was just few weeks after the National Bank had cut 4 numbers from the currency and “10.000 lei” became “1 RON”. So, having agreed on the price of 280.000 euro, we should pay the people using RON. And as 1 EURO was about 3,5 RON at that time, you can guess that the whole amount [...]
“I count only up to 20” “Then how will you count 280.000 euro?”
Article published on Wednesday, February 10th, 2010 (part 1, to read part 2 please press here, to read part 3, please press here ) Many people doubt about the work of a Real Estate consultant. They do not realize that a serious one works endless hours, tries to bring in balance many different factors and in the end he reaches the result (which will pay him) only in 20 – 30% of the cases he gets involved. This is even clearer here in Romania, where the owners who have “opportunities” for sale usually do not have their papers in order, or many of them simply have absolutely no idea about [...]
2. Urgently start building highways by PPP(Public Private Partnerships)
Low Cost proposals to help Romanian economy exit the crisis: Romanian economy has faced better times than nowadays. While the following period will be difficult for everyone (and especially the weakest ones of us), it is more than necessary to restart the “economic engine” that can move the country. Having this in mind, it is time to choose and implement some simple, low cost proposals in order to see things improving in the following months and the near future. 2. Urgently start building highways by PPP (Public Private Partnerships) Today’s facts Public works are practically… stopped, [...]
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 ... 
Don’t search only for the… “Elton John of properties”! “Paula Seling” and others are good too! Just avoid… “Kamelia” etc
Elton John’s concert, a lifetime experience Last Saturday will remain in my mind forever. I was at Piata Constitutiei and had the luck to experience the concert of Sir Elton John. For 2,5 hours this incredible artist spread his spell throughout the lucky 12.000 people who were present. Playing his piano and singing simultaneously, he showed what it means to be “great”. No arrogance, no “pretending”, no attempt to impress, no… “show”. Just amazing music by him and his band. A rare “diamond” of art… Exception which simply confirms the rule Yes, Elton is a brilliant artist. But we don’t [...]