Greeks have plenty of proverbs, some of them I like using myself as well. One of them says “Body dies first. Habits follow” and it means that when some people have bad habits, they never get rid of them until they die. So it is impossible for them to adapt to changes, new situations etc. Lately this is the feeling I receive from Romanian Real Estate market. In 70 – 80% of cases, people continue behaving exactly as they used to in the glorious years of 2005 – 2008. So, even during this crisis, they keep on: Lying about obvious, ridiculous things regarding their property, which will be easily [...]
Commercial premises in the historical center, “the only shops in capital where you will not see empty show windows
In the Lipscani area all commercial spaces are rented. On the opposite pole we have the real estate agents stating that for owners of commercial premises, in areas which were the stars of 2008 like Magheru and Calea Victoriei, is difficult to find customers In a market where nearly one quarter of commercial premises are vacant, the streets in the historic center of Bucharest are an oasis of prosperity. The rents declined also in this area, but considerably less than in other central areas like Piața Unirii Square or Romana. In addition, the real estate agents call Lipscanii as “the only artery [...]
Why some semicentral and periphery areaslook more attractive to investors?
The market study we prepared and presented two weeks ago was the outcome of a long procedure. Two years of work, thousands of hours invested in this project. But at least we learned a lot, not only for the market itself, but also for the mechanisms that move prices, the psychology of market people, owners and retailers and even more. (you can download the market study here: www.more-group.eu) Semicentral and Periphery: Still attractive for investors who really search… Having studied all Bucharest, I was impressed by the figures of some areas in the periphery of the city. From Camil Ressu to [...]
Victoriei avenue loses two more tenants: Alb și Negru and Mariella Burani shops closed
Author: Cristina Stoian This article appeared today in Ziarul Financiar newspaper 10/09/2010 Two fashion brands, Mariella Burani and Alb și Negru, gave up their commercial spaces from Victoriei avenue the only commercial artery known as a “luxury” one comparable with the great boulevards of European capitals. If Mariella Burani boutique, brought on local market by Alsa Boutiques, the company which owns the franchise for Max Mara, Ermenegildo Zegna and Pal Zileri, was closed last month due to the financial problems the company globally faced, Alb și Negru gave up the commercial space they [...]
Why Lipscani is the new Real Estate bubble of Bucharest
The market study we prepared and presented last week was the outcome of a long procedure. Two years of work, thousands of hours invested in this project. But at least we learned a lot, not only for the market itself, but also for the mechanisms that move prices, the psychology of market people, owners and retailers and even more. (you can download the market study here: www.more-group.eu) Lipscani, a “special zone” in the heart of Bucharest One of the areas which was least affected by the crisis was indeed the zone of the “old center” of Bucharest, Lipscani. Prices have fallen there just by [...]
How did the press cover my press conference on Thursday
Being readers of this blog, you probably heard about my press conference this Thursday. It was the first time I spoke in a press conference only in Romanian language! Next week I hope that I will be able to post the video of this event as well. Those of you who want to read what I said, in few lines, please press here: Launching Bucharest High Street Retail Market Report Also, yesterday I had presented to you some secrets for commercial spaces and investments in this segment. You can check this text here: 8 “secrets” for Commercial Spaces and 2 Tips for Potential Investors Media covering my [...]
8 “secrets” for Commercial Spaces and 2 Tips for Potential Investors
It was the summer of 2008 when the owner of a commercial space located at Magheru boulevard asked me for a rental price of 250 Euro / sq.m. “non-negotiable”. His approach made me curious and I started collecting feedback regarding rental prices in several areas of Bucharest. It was the second half of 2008 and the figures were still remaining at high levels. During 2009 the reduction of prices was now clearly visible and I decided to work on a new project: A market report that presents the rental prices of commercial spaces in several areas of Bucharest. It covers the entire 2009 and the first half [...]
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, [...]
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 ... 
