Romania through my eyes

Looks like we reached it, welcome to the “rock bottom”


This article was published on 16.02.2010 During the period 2004 – 2007, we could observe prices rising on every day of every week. During this “race” a friend of mine used to call me every month. After the usual pleasantries, his only real question would eventually emerge: “So, Mr Romanian… do you people still climb over there?” He was referring to the prices… “Where are you now? At what height?” Being Greek, and coming from Katerini which is very close to (the famous) mountain of Olympus , my replies were always describing landmarks of the mountain. In the beginning I was talking about the [...]

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Commercial premises in the historical center, “the only shops in the capital where you will not see empty show windows


This article was published on 14.09.2010 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 [...]

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Romanian economy keeps on falling, while dreamers keep on waiting millions to knock at their door


This article was published 21.04.2010 German and French “false signs” The first “false sign” was during September 2009. German government had elections ahead (September 22nd), this is why they injected cash into consumption, giving 2.500 euro / car to purchase. Due to this policy, Dacia had historical records of exports and German economy succeeded to have an anemic growth of +0,4% in the second quarter of the year. After elections (by… coincidence) the economy turned negative again, as the crisis is much deeper than people thought initially. The French economy was exactly in the same path, [...]

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Zilele Biz 2010


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25 clients desperately searching to investbut they still find “all the mistakes of the past”…


This article was published on 30.08.2010 This summer was quite a busy one for my company. But except the deals we got involved in, there were also plenty of cases where we received requests from potential clients, for which we did not proceed. Mainly because we do not broker the “normal” apartments that you find in the adds, we have redrawn ourselves from this market segment (we pay attention only to properties with very low prices, or foreclosures). But as we started offering consulting to people on this field, plenty of complains came to my attention. 25 clients sharing the same agonies… I [...]

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Client asks: “Why do the Real Estate agents treat us with fite?”


This article was published on 11.03.2010 I have been telling you many times that the market will not revive if we continue to be the same ones we were, doing the same mistakes. I also never stop stressing that the main principal should be: “Client is the King”. But even now, during this major crisis, it looks like people don’t change. I have received several messages by investors who feel disappointed by the behavior of the Real Estate agents (or consultants) towards them. I chose this email of a lady who already invested in the market and I will reply to her. “Why do the Real Estate agents treat [...]

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How to get the most profit out of 5.000 – 10.000 EuroSurvival guide during the crisis


This article was published on 29.06.2010 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 [...]

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The tone in real estate will be given by foreclosures


This article was published on 30.09.2010 Last week on 23rd of September, 2010 I gave an interview for Curierul National  where I spoke about the real estate trend as well as about foreclosures . Please see below this interview. Author: Diana State The trend started in 2010 and will increase in 2011 Although the requested prices are high, the transactions performed are made at levels ranging close to those of foreclosures Papageorgiadis: The sector will remain “frozen” because too many are trying to keep  up the artificial prices In 2010 the real estate market is still a blocked one, and [...]

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