Romania through my eyes

Can a person invest in “green” energy without creating a company?


  Some days ago one of my readers sent me a very interesting question regarding “green” energy. Mrs. Valentina asked me: “I would like some details on wind energy for private persons. From what I know this type of energy is not (yet) included in the list of "green energy" that will receive grants / sponsorship. Are there any changes predicted?” My answer to her is valid also for all of you who are interested in this field: The amendments of the law 220/2008 republished at the end of August 2011 contain refferences to the sponsorship of physical persons [...]

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After all, is Real Estate THAT bad?


Hello to everyone and I wish you to have a wonderful new month. This month is the beginning of a hotter period (in terms of temperatures) but also a more interesting one, from Real Estate point of view. Today I decided to start this month by replying to a reader of mine, quite upset I might comment. “Real Estate market is controlled by slickers, as yourself” On April 11th Mr George wrote to me: “Indeed, sir, there are paradoxes and it is the natural thing that this should happen on a market controlled by slickers, as yourself. People that are not willing [...]

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Old residential blocks: What happens if we do nothing and an earthquake knocks our door?


Replying to your questions Part 4 of my reply to Mr Pedro Matos. Hello to everyone. Last week I analysed to you the subject of old residential blocks from many points of view. But today I would like to remind you what may happen to us if we simply do nothing about it. Why is it possible to end up doing nothing for the old residential blocks There is nothing more dangerous than the “power of remaining idle”. Especially in such a sensitive issue like this. Why is it possible to happen this? I can give you plenty of reasons. Because: Politicians may prefer not to “disturb” [...]

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What to do with the old residential blocks? Only realistic target: Simply refurbish them!


Replying to your questions Part 3 of the article with title: "Old blocks built during communism: Positive and negative elements of the country’s main residential option". Hello to everyone. One of my constant readers, Mr Pedro Matos, sent me a very interesting question. He is a foreigner living in Romania and asks something that thousands of people ask as well: What will happen with the old blocks of Bucharest? Pedro’s question is here: “Dear Ilias,  My question is simple: Do you believe there is a market for refurbishing existing homes and [...]

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Old blocks built during communism: Positive and negative elements of the country’s main residential option


(part 1) Replying to your questions. Hello to everyone. One of my constant readers, Mr Pedro Matos, sent me a very interesting question. He is a foreigner living in Romania and asks something that thousands of people ask as well: What will happen with the old blocks of Bucharest? Pedro’s question is here: “Dear Ilias,  My question is simple: Do you believe there is a market for refurbishing existing homes and apartment buildings in Bucuresti? Is this a viable option, both in technical,economical and social terms? Or will these thousand of “bloc” [...]

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Wednesday at CPI: Ask me whatever you wish. I will have to reply in 90 seconds…


CPI is “Clubul Profesionistilor Imobiliare” (Real Estate Professionals’ Club), a project organized by www.imobiliare.ro. They are the only ones so far who have managed to gather every month different Real Estate professionals, in order to discuss about the market, the trends and ideas of how to become better. I consider it as an important platform to exchange opinions, even to build some collaboration with other people who share the same principles and ideas. This Wednesday at 19.00 I am invited to be the speaker there. I will talk about Cannes and MIPIM. What happened there [...]

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10 short questions – 10 short answers for the Romanian office market in Q1, 2011


 “Is it moving?” – Yes, it does. Much less than how some people try to convince us, but this segment had several transactions during the first quarter of the year. “What kind of transactions did we have?” – Mainly three types: The relocations for lower cost, the leasing of top locations and the rest of the market, where almost all is measured by price. “Does this mean that the market has exited the crisis?” – Not really, but this is an important indication for the market’s direction. The market awarded the best locations and projects, asking [...]

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Your (provoking) questions, my answers


  Hello from Cannes. While MIPIM enters in its “hottest” period, I would like to start replying again to your questions. I chose Wednesday as a day suitable for this and we start as of today. Soon you will notice that I will provide you with even more means of communication. Why is that? Because without your feedback, I would end up as a crazy (not old yet) guy, talking to myself. So, let’s see… What do we have today? Dan asks: What was missing in order to build something – anything! – on those vacant land? “So how was possible that most of [...]

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