Two weeks ago I posted some important information regarding the changes done to the fiscal procedures codes, analyzed by VTM, Vulpoi & Toader Management, a leading accounting firm in Romania (www.vtm.ro). You can read this article here: (article). Today let us check the additional information on the new changes of the deadlines for mandatory statements. I think this should be regarded as very important data which is why I suggest you read through it carefully. After all, information IS power! “Details on the submission of D112 "Statement of obligations to pay social contributions, [...]

  Today Baneasa Shopping City made a move that will change the map of Malls in Bucharest. It opened “Grand Cinema Digiplex”, upgrading the existing status of the retail project. In order for you to find out more, you can check here.   “Is this important for the market?” many friends of mine ask me. The answer is simple: Yes, it is, for various reasons: ·         First of all, it transforms Baneasa Shopping City into a “complete” Mall. So the standards of competition change again. ·         [...]

A few days ago I watched an interesting discussion on the Money Channel. Eli Roman, the journalist hosting the Metropolis show, invited Dorel Nita and Iulian Niculae, in order to discuss with them about “the correct price of a property”. You can watch the video of their discussion here. Two experts with a solid point of view.  

  One of the most important professionals in the Romanian Real Estate market, Radu Lucianu, launches his new Real Estate company, together with Capital Partners. Its name is Capital Property Advisors and, by now, you’ve probably read the official announcements as well. The ex CEO of Eurisko (which was bought by CBRE in 2008, for 36 million dollars) waited only three years, until his mandate expired and since the spring he has been preparing his next step. Despite the fact that I was not invited to his launching, I would like to wish him success in his new project. Good luck Radu, [...]

  Opening a new important topic of discussion for the Romanian Real Estate market   As autumn has started “quietly”, I see many people developing an interesting subject: Is it better for a Real Estate agency to join one of the franchise networks? Or should the owner remain an “independent” local player? I see two completely different mentalities “colliding” on this issue and I find it important for us to discuss more about it, as it is related to the services that the majority of clients receive. This is why I will start asking Real Estate people [...]

  Today Leroy Merlin finally cuts the ribbon. After some… years of preparations, the Do-It-Yourself giant from France opens his first outlet on the Romanian market, while the majority of his opponents face several challenges.   The French enter last in the market, benefiting from lower costs but their agreement for leasing the location was quite old, already since some years ago. They have been extremely cautious and their steps were more careful than you can imagine. Their first location is "a bet" while their products mix and their service are considered to be their advantages.    Will [...]

  One of my expertises in Real Estate is buying income properties. This means commercial spaces, office buildings, big box retail and everything else that generates income. In the beginning very few owners of properties were able to adjust their price to the way we were calculating (yield etc). Now more or less this has changed, but there is a new problem that we face during the last years: The property taxes.   They have increased so much that they have reached 1,5% per year.  – On what basis do we calculate this?  On the purchase price, or the evaluation that we submit [...]

  As the first clients of Planorama residential project will move in their apartment during the following month (or let us assume until Christmas time), I continue thinking about all the others who paid advance payments to developers who did not respect their word, or simply did not succeed in keeping up with the crisis. What will happen to all these people? I know, we have capitalism and I am the first one that reminds you this, but I think that we might need to modify the existing law for the new developments a bit, making sure that people can not lose their money. Escro account  would [...]