Romania through my eyes

7 reasons (beyond our control) that prevent the majority of foreign investors from returning to the Romanian Real Estate market


  Hello from Munich. After having concluded more than 25 meetings during the first 2 days of EXPO REAL, it is clear that the skepticism of foreign investors regarding Romania remains strong. This is a long discussion, with many different issues that should be taken into consideration. But today let us discuss the reasons which are beyond our control and prevent foreign investors from returning to Romania. Let us explore 10 of them together: The international economic environment. Too many companies consider that October of 2011 is similar to October of 2008, in terms of risks and problems [...]

As the crisis enters its fourth consecutive year, it is about time for investors to ask themselves: Do you really know what you want from Romania?


  (Being in EXPO REAL, I already have started talking to investors about Romania. We will talk more about this tomorrow, but I think that today it makes sense to share with you my relevant article for the next edition of TAROM magazine.)   I came to Romania in January 2004 and since then I have engaged with people looking for potential investments on a daily basis, which is normal for someone involved in Real Estate, Green Energy and Liaison Services. Throughout the years, I have noticed significant changes in the way that foreign businessmen approached investment opportunities here. [...]

EXPO REAL, Day 1: Hundreds of cities and regions search for investors. Where is Romania?


  EXPO REAL, the second most important Real Estate exhibition in Europe, after MIPIM, opened its gates today to more than 1.600 exhibitors and over 30.000 visitors from 35 countries (according to its organizers).  Following my company's… tradition, we are here this year as well, in order to promote Romania and the investments in this part of the world. Things are not very impressive this year, continuing the trend of 2009 and 2010. Most people are skeptical, opting for careful moves after studying every parameter of the investment. Also as the world continues being in crisis, [...]

You can never have a second chance to make the right first impression (How much do you respect your property?)


  Our social circle includes too many people who own at least one property and they try to sell it. Until 2008 this was “a piece of cake”. They just had to call a few guys, inform them about the property and in no time clients were waiting for a meeting. It did not matter if the property was properly presented or not. Investors were able to forgive you, for not being serious, being patient until the transaction. They were asking their lawyers to be fast and try to be “correct in their work, without upsetting the owner”. Even if this owner had provided them half of [...]

What is the “atmosphere” in Europe regarding Real Estate investments in Romania?


  September is ready to tell us “goodbye” on Friday and October is about to start. And (for many years now) October for me means “EXPO REAL”. Right after the end of the famous “Oktober Fest”, one of the most important Real Estate fairs in Europe opens its gates. You can find out more about this event here.   Having participated at the event for many years now, I am able to make the comparison from one year to another. And the difference was quite visible in the past: From hundreds of interested investors that I met in 2007, this figure dropped to [...]

20 Real Estate questions 20 answers for your properties


Real Estate is a complicated and difficult segment. It might look easy from the outside, but the reality is 100% different. This is why I try to reply to all your questions, here in my blog plus in the special section that we organized together with www.imobiliare.ro. Usually I reply there in the last Wednesday of every month, but as today I am attending the ICSC conference, only for this month I will reply to your questions tomorrow, on Thursday. You can leave your questions here. In order to… warm up for tomorrow, I chose 20 questions from the tens that I received. I tried to choose questions [...]

With the world entering a new recession, what should we expect for the Romanian economy during the following 18 months?


  It was almost 18 months ago when I shared with you my opinion regarding the future of the Romanian economy. For those who have forgotten, during the beginning of 2010 there were too many people and media who were sure that we exited the crisis (the same ones who celebrated the end of the crisis in the beginning of 2011 as well). At that time I described to you the 3 scenarios for the Romanian economy. You can check them here: The positive scenario. The negative and the more realistic one. The negative scenario proved out to be the right one. For some months the more realistic one gained [...]

The most common and dangerous trap for investments in agricultural lands


  The latest “trend” for Real Estate investments in Romania is definitely the purchase or concession of agricultural lands. Too many people, from experts (who know what they are doing) to amateurs who just “heard that it is a good business” are searching and buying this type of property. Some of them have a strategy, while the majority simply “goes with the flow”, like many others did in the past, for different market segments. Next week I will talk to you about the advantages and disadvantages of such an investment, but today I would like to share with [...]

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