(part 1) “Another client for a major industrial property to buy? What happened?” I am in Romania since 2004 and there were periods of months when I did not have any request for major industrial projects out of Bucharest. And that moment I found myself having two! My colleagues were ready to kill me, as the papers we received by the owners were… crap. We had plenty of extra work to do, before we would have been able to decide if a property was suitable for what we were searching for. “Mister Ilias, you like to complicate your life” one of them told me. “Not only mine, when we have to work for [...]
[relevant-to-adsense]Mr “Goldneck”, a fake “Bentley” and a factory up on Dracula’s hill
Filed Under: Uncategorized on Oct 29, 2010 @ 7:00 AM
“Body dies first. Habits follow”
This article was published on 15.09.2010 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 [...]
[relevant-to-adsense]As long as Romanian economy will continue falling,the Real Estate market will continue dropping as well
Part 2 of the post: “First 5 months of the year. 5 + 5 lessons for Real Estate market” (to read part 1 please press here) Romanian economy contacted by 2,6% in Quarter 1, 2010 The news is bad. Not only Romanian economy continued falling during the first quarter of 2010, but this contraction remained at very high levels, worrying everyone about the future. http://www.capital.ro/articol/constructiile-ne-tin-in-recesiune-135634.html But for the ones who “read below the lines”, the message is clear: With -17% in the constructions segment (Real Estate is included here), Romania will simply see [...]
[relevant-to-adsense]First 5 months of the year5 + 5 lessons for Real Estate market
This article was published on 02.06.2010 (part 1) Selective hearing sense… The gentleman on the other line was really upset. “Listen to me, listen to me”… he was trying to sell to me his property with 50 – 60% more than the market today. “Mister, with all due respect, we simply do not agree. This is not a tragedy, we are civilized people and we are free to have different opinions”. “Nooooo, listen to me, listen to me” he started again, describing how the clever investor should behave, tricking everyone and making quick profits. I had tried to explain to him the reality we live in Romania [...]
[relevant-to-adsense]How to get the most profit out of 5.000 – 10.000 EuroSurvival guide during the crisis
I have received over 100 emails by people asking my opinion “not only for how to invest big sums of money, 50.000 – 100.000 Euro, but also small ones, like 5.000 – 10.000 Euro”. This is a typical amount for a single person working in a good company, or a medium class family and many others in Romania nowadays. Actually several branch managers that I know tell me that this is the average deposit of someone “not poor”. This is why I decided to share with you my proposals for the ones who have this sum of money and they would like some more ideas about how to take advantage of it. I am sorry but [...]
[relevant-to-adsense]New Real Estate era, new challenges for all of us5 tips for investors in order to reach a successful deal
This article was published on 25.06.2010 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:The new era of Romanian Real Estate market:Top properties in good prices and foreclosures or no deal at all) This is not a moment for someone to be arrogant, either [...]
[relevant-to-adsense]Hammond and Bogaru:Romania’s Senate adopted the Law on public-private partnership and the amended Law concerning the attorney profession
I have received an interesting newsletter by the legal firm Hammond and Bogaru, which focuses on the following topics: The Romanian Government decided to put off annulling the emergency decree Romanian telecoms regulator ANCOM will refund the seven companies interested in acquiring the first two digital television The European Central Bank Monday rebuked Romania for the second time over plans to trim payrolls at the central bank. The Chamber of Notaries Public in Bucharest will reduce by 10% the fees charged for real estate transaction signed in [...]
[relevant-to-adsense]1. Give added value to old buildings
Low Cost proposals to help Romanian economy exit the crisis: This article was published on 27.05.2010 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. 1. Give added value to the old buildings Today’s facts The “miracle” of Romanian [...]
[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 ... 
