Launching Bucharest High Street Retail Market Report
Press Release
"A Study of the Comparative Evolution of High Street
Rental Prices in Bucharest over the last 2 years"
Thursday, the 2nd of September 2010, 11.00 A.M., at Mandragora Restaurant – 29 Mendeleev Street, 1st District, More Real Estate Services, represented by Ilias Papageorgiadis – CEO, launches Romanian-English bilingual edition of "Bucharest High Street Retail Market Report".
The study analysed and compared an average of 500 commercial properties, in 40 different areas of the city, on a time frame between July 2008 – June 2010, following the risk factor identification, opportunities, variations occurring and trends, describing the effects and anticipating post-targeted crisis measures on Romanian Market.
The outcomes of this study are clear: all prices fell in every part of the city. In some areas the contraction was milder(-30%) and in some other it was more "aggressive" (-50% or even more).
Study findings also revealed that austerity measures will probably force the market to contract furthermore and THE LOCATION remains one of the decisive factors for a success investment.
The 60 pages report describes thoroughly the economic environment over the last period, plus is analyses the rental prices and the "retail profile" of 40 areas of retail activity in Bucharest.
About MORE
Established in 2004, MORE Real Estate Services is a Real Estate brokerage and consultancy company, having activities focused on consulting, opportunities, income properties, lands for development, properties from foreclosures etc.
Since its establishment until now, MORE has facilitated and brokeraged MORE than 300 real estate transactions worth over 500 million euro. During 2010 the company managed to maintain its profitability, registering 3% profit increase in the first half of the year.
Starting with 2006, MORE has participated at the most important events and international Real Estate exhibitions (MIPIM, MAPIC, MIPIM Horizons, EXPO REAL, REAL VIENNA, SIMA etc), promoting investments on Romanian Market.
About Ilias Papageorgiadis
MORE's CEO, Ilias Papageorgiadis is among the well known Real Estate consultants in Romania. Matching his 23 years of work experience, he approaches investments through a more "realistic" view. Having a vast experience in marketing and media and gathering relevant information, knowledge and experience in the Romanian Real Estate market, in 2008 Ilias created the first real estate blog in Romania for general market analyses, "Real Estate adventures" and many tips for investments in the country.