During my analysis for the reality that a residential developer faces in Romania, I received many emails. One of them is very characteristic and I will share it with you today. Mr B.R. wrote to me: “I’ve been following your blog with great interest for more than two years. Until last summer I worked for a real estate developer (not in Bucharest) which unfortunately is struggling even now to finish a project he started in 2008. Two months ago he had to deliver the first phase of the project and they still have lots of work to do. They have been through the same stages as you describe in your latest [...]
[relevant-to-adsense]“Ilia, why would any logical person invest now in… your Romania?”
Filed Under: Uncategorized on Jul 28, 2010 @ 7:37 AM
Hello from Athens. I am here since Monday and tonight I return to Bucharest (carrying a new deal “in my luggage”). I had to attend an important event, but ofcourse my programme was full of meetings with clients, potential clients, business partners, journalists and couple of friends. After a short analysis of the dramatic situation Greek economy is facing, very soon the subject of every discussion was focused on Romania. Very few Greeks have an objective overview about the Romanian reality today. Greek media don’t help much, so everyone had plenty of questions to ask. Romanians still don’t realize [...]
[relevant-to-adsense]The enemy of “bad” is “worse”(but opportunity lies beneath…)
Filed Under: Uncategorized on Jul 27, 2010 @ 5:56 AM
Romanian Real Estate market continues contracting during 2010 [cincopa 10702433] 2010 started as a year full of promises and new challenges. I don’t know why, but too many people expected the Real Estate market to revive, without any change or move, nothing to improve the business environment. The same happened with the economy in general and we all know that it was not a correct approach. As the months were passing by, it was more than clear that the buyers will not accept the owners’ conditions, even if the last ones tried to raise their prices in March (!) Opportunities, opportunities, opportunities… [...]
[relevant-to-adsense]Replying to readers: “Developers and Real Estate agents have developed a big lie”
Filed Under: Uncategorized on Jul 26, 2010 @ 6:43 AM
Last week I received a very interesting email by a reader of mine. She says several things, covering many different issues. I will reply to her today and tomorrow, trying to explain to her (and all of you) my opinion regarding several “urban myths” that she describes in her text. Mrs Anne G. wrote to me on Monday, 16.07.2010: (to read the first part of her email and my replies, please press here.) “Developers together with Real Estate agents have developed a huge lie” “Also, in order for them to sell their apartments, developers together with real estate agents have developed what I would call [...]
[relevant-to-adsense]Replying to readers: “Whom to trustin respect with construction quality?”
Filed Under: Uncategorized on Jul 24, 2010 @ 8:32 AM
This week I received a very interesting email by a reader of mine. She says several things, covering many different issues. I will reply to her today and tomorrow, trying to explain to her (and all of you) my opinion regarding several “urban myths” that she describes in her text. Mrs Anne G. wrote to me on Monday, 16.07.2010: “First, this was an insightful series. Many of the things you say about developers are unknown to most people, so thanks for sharing, i think it’s the first time I read about this in such a thorough manner. The mistrust however remains, even if the appartments are bigger. [...]
[relevant-to-adsense]Some of the 10 lethal mistakes:Arrogance, greed and tremendous expected profits
Filed Under: Uncategorized on Jul 22, 2010 @ 7:40 AM
Part 8 of the post «Do you like “role games”? Let us play the… residential developer» To read «Do you like “role games”? Let us play the… residential developer», please press here. To read «Of course you have to pay a lot, you will earn even bigger profits», please press here. To read «You should pay the whole amount cash, not in order to receive a deduction in price, but so as to receive a priority in our list of pending projects», please press here. To read «We don’t negotiate too much with the clients. If you teach them like this, you will spoil them», please [...]
[relevant-to-adsense]10 lethal mistakes that many residential developers did in Romania
Filed Under: Uncategorized on Jul 21, 2010 @ 3:59 AM
Part 7 of the post “Do you like “role games”? Let us play the… residential developer” To read part 1, please press here To read part 2, please press here To read part 3, please press here To read part 4, please press here To read part 5, please press here To read part 6, please press here During the previous days we followed the adventures of a foreign developer in Romania, Mr X. He came with lots of hopes and dreams, invested some million of Euro cash, but he ended up in trouble. Now he is blocked and he has to choose only between painful options for his future. But what were the main mistakes [...]
[relevant-to-adsense]
Few days ago, on Tuesday, I had presented to you an interview of Mr Gavin Ryan, an expert in Private Equity and Venture Capital Funds. As far as I understood from your feedback, this subject was really interesting for you, as the official information about this segment is really limited. This is why I decided to address to Mr Ryan again, summing some of your questions and adding some new ones. This domain is really interesting and I think that it worths to know ... 
