EXPO REAL 2011. 5 unofficial statements you should know
EXPO REAL is history and several people have already started their preparations for next year’s edition. If you want to read more about what happened there, you can check:
Which are the 4 categories of investors in Romania after 3 years of crisis
5 statements you should know
Except all the above mentioned, I have also chosen for you five of the tens of unofficial statements that I have heard over the duration of the event. I will not disclose to you the names of the people who said each of them (we don’t break the off the record), but all of them are important enough. Let us focus on what they said…
Source: A top American Real Estate Expert
“In the next 3 years, we expect about 1 trillion Dollars to search for refinancing, most of them being for commercial projects. How easy will this process be? Very difficult, this is why we expect new turmoil in the market”.
Source: The CEO of a very well-known European developer
“We have decided to un-freeze our project in Romania during 2012. If the market circumstances allow us, we will proceed with this major investment” (over 200 million Euro)
Source: The representative of a well-known law firm
“Yes, we are very busy in Romania right now. But in green energy segment, the properties market is still quiet”
Source: The representative of one of the top retailers in Romania
“We really want to lease more surfaces and to open more branches. But we can’t afford to pay over-evaluated leases. Look at what people fill their basket with and find out by yourself what is the right price to pay for your commercial space”
Source: The representative of a well-known Real Estate fund, once present in Romania
“We would really like to return, but this is not possible for the following one year and a half, at least. We lost some money in the past, so we are very careful now. We do believe that Romania has great potential, but in the long run, in 3 – 4 years’ time. Not now”.