The residential segment shall continue to be confronted with a difficult situation for at least one year and a half, stated on Thursday the general manager of the real estate consulting company MORE Real Estate Services, Ilias Papageorgiadis. “We are no longer promoting the residential sector since things are really bad in this area and the situation shall continue to be difficult for at least a year and a half. It shall continue to drop in the first half of the year 2010, and afterwards it shall stabilize. The decrease was rather aggressive so far, and we are expecting [...]
Real estate investments Real estate investments Investitii in imobiliare
The company More Real Estate Services has mediated this year on the Romanian real estate market 17 transactions with office spaces, commercial spaces and land plots, in value of 70 million euros, under the conditions where in 2008 the facilitated sale-purchase agreements have added up to 150 million euros. “The years 2009 are 2010 very good for real estate investments, because you can find commercial spaces and office spaces at very good prices. The yield has increased to 9-9,5%, event to 11-12% in Bucharest, and we have found properties with a yield of 15%”, stated yesterday, in a conference, [...]
Real estate analysts: old apartments are still too expensive Real estate analysts: old apartments are still too expensive Analiştii imobiliari: apartamentele vechi sunt încă prea scumpe
Even if the prices of the old apartments from Bucharest have lowered in the past six months with almost 50%, reaching at the present time an average level of EUR 40,000 for a studio situated in Militari, the foreign consultants say that the prices are still too high. A year ago, the price was of almost EUR 70,000. “A studio in Militari should not cost more than EUR 25,000-30,000. For people to afford a two room apartment, the price should be of Even if the prices of the old apartments from Bucharest have lowered in the past six months with almost 50%, reaching at the present time [...]
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
