{"id":1743,"date":"2009-10-22T20:54:14","date_gmt":"2009-10-22T17:54:14","guid":{"rendered":"http:\/\/http:\/\/www.iliaspapageorgiadis.ro\/en\/?p=1743"},"modified":"2014-03-12T16:40:40","modified_gmt":"2014-03-12T14:40:40","slug":"why-the-foreign-real-estate-investors-do-not-want-us-anymorede-ce-nu-ne-mai-vor-investitorii-straini-imobiliari","status":"publish","type":"post","link":"http:\/\/www.iliaspapageorgiadis.ro\/english\/2009\/10\/22\/why-the-foreign-real-estate-investors-do-not-want-us-anymorede-ce-nu-ne-mai-vor-investitorii-straini-imobiliari\/","title":{"rendered":"Why the foreign real-estate investors do not want us anymore; De ce nu ne mai vor investitorii str\u0103ini imobiliari"},"content":{"rendered":"

\n\t\n<\/p>\n

\n\t      One year after the crisis started, objectively speaking, we can not attract the foreign investors but through "distressed" assets. Currently, the yields are much less attractive than in West.
\n\t      Moreover, in West one can find a better construction, tenants and contracts' quality. "It is known, regarding the quality of the quality of the contracts here, there is much uncertainity and lack of truth. Maybe when the investors will not be treated as some people with money who are good to be fooled, something will change. There are many foreigners who invested here and have the money blocked due to the unseriousness of the contracts, things they have talked out of the borders too", \n<\/p>\n

\n\t      La un an de la începerea crizei, în mod obiectiv, nu mai avem prin ce s\u0103 atragem investitorii str\u0103ini în real estate decât prin active „distressed". În prezent, randamentele sunt mult mai pu\u0163in atractive decât în Vest.
\n\t      Pe lâng\u0103 asta, în Vest se poate g\u0103si o calitate mai bun\u0103 a construc\u0163iilor, a chiria\u015filor \u015fi a contractelor. „Se \u015ftie, legat de calitatea contractelor de aici, c\u0103 este mult neadev\u0103r \u015fi nesiguran\u0163\u0103. Poate când investitorii nu vor mai fi trata\u0163i ca ni\u015fte oameni cu bani buni de p\u0103c\u0103lit se va schimba ceva. Exist\u0103 mul\u0163i str\u0103ini care au investit aici \u015fi care au banii bloca\u0163i ca urmare a neseriozit\u0103\u0163ii contractelor, fapt pe care l-au povestit \u015fi afar\u0103", a declarat directorul general al MORE Real Estate Services, Ilias Papageorgiadis.
\n\t      C\u0103 nu prea avem prin ce s\u0103 atragem e un aspect. Un alt aspect este acela c\u0103 nici nu prea p\u0103rem a vrea s\u0103-i atragem. Altfel nu se explic\u0103 faptul c\u0103 la a doua expozi\u0163ie interna\u0163ional\u0103 ca amploare din sectorul de real estate, Expo Real Munchen, a fost doar o prezen\u0163\u0103 româneasc\u0103. Mai precis, a fost un grec cu activitate \u015fi pe plan local, Ilias Papageorgiadis, cu MORE Real Estate Services, care a avut acolo un stand al\u0103turi de firma de proiectare \u015fi urbanism Proiect Bucure\u015fti. Faptul c\u0103 firmele române\u015fti nu au g\u0103sit de cuviin\u0163\u0103 s\u0103 participe la respectivul târg, reper al real-estate-ului european, spune multe despre cum ne gestion\u0103m imaginea. Nu e totul pierdut îns\u0103. Pentru a fi consecven\u0163i, pe viitor mai putem rata \u015fi celelalte dou\u0103 târguri interna\u0163ionale importante, MAPIC \u015fi MPIM.
\n\t      La actualul Expo Real \u0163inut la începutul lunii, foarte pu\u0163ini investitori s-au ar\u0103tat interesa\u0163i de România. "La participarea din 2007 am contabilizat 142 de investitori interesa\u0163i de România. Nu am luat în calcul simplii turi\u015fti, ci investitorii cu adev\u0103rat interesa\u0163i. În 2008 nun\u0103rul acestora s-a redus la 35, iar în aceast\u0103 lun\u0103, doar cinci au venit la stand", a declarat Papageorgiadis. Spre deosebire de anii trecu\u0163i, când companiile interesate spuneau c\u0103 dispun de o anume sum\u0103 de bani pentru a investi, acum, pu\u0163inii care au venit au avut cereri specifice: \u015fi-au exprimat dorin\u0163a de a investi în agricultur\u0103, p\u0103duri sau domeniul energetic, posibil energie alternativ\u0103.
\n\t      Juc\u0103torii locali de pe imobiliar nu se schimb\u0103 prea u\u015for, din p\u0103cate, în sensul racord\u0103rii pre\u0163urilor la mersul pie\u0163ei. „Pot spune, pe perioade, c\u0103 în 2005-2006 a fost vorba de o stare de optimism pe pia\u0163\u0103, în 2007 se putea vorbi deja de arogan\u0163\u0103, în 2008 – de negare a realit\u0103\u0163ii, iar în prezent de o stare de somn. Înc\u0103 încerc\u0103m s\u0103 ne trezim din somn", consider\u0103 directorul MORE.
\n\t      Ca diferen\u0163iere între sectoare totu\u015fi, în continuare, sectorul cel mai pu\u0163in lovit pare a fi cel al logisticii, fiind integra\u0163i în UE \u015fi aproape de marea putere industrial\u0103 care este Germania. „Chiar dac\u0103 nu avem infrastructur\u0103 de transport, aceasta s-a reglat chiar \u015fi în alte \u0163\u0103ri în timp, dup\u0103 apari\u0163ia companiilor. Doar China a f\u0103cut acest lucru invers, infrastructura prima dat\u0103 \u015fi apoi au ap\u0103rut companiile", subliniaz\u0103 directorul MORE.
\n\t      În prezent se fac în special tranzac\u0163ii care aduc un venit estimabil pe de o parte sau distressed, pe de alt\u0103 parte. „Acum dou\u0103 zile am g\u0103sit un client pentru spa\u0163iu de birouri cu 400 euro\/mp. Aceste tranzac\u0163ii sunt deocamdat\u0103 pu\u0163ine. Pân\u0103 nu vor veni din nou investitorii str\u0103ini nu va fi un semn c\u0103 pia\u0163a \u015fi-a revenit", declar\u0103 Papageorgiadis. Mai r\u0103mâne s\u0103-i atragem, iar dac\u0103 înc\u0103 nu putem prin yield-uri, m\u0103car s\u0103 nu lu\u0103m 0 – 3 pentru neprezentare.\n<\/p>\n

\n\tSursa: Saptamna Financiara<\/a>, 20.10.2009<\/p>\n

\tthe MORE Real Estate Services Managing Director, Ilias Papageorgiadis declared.
\n\t      One aspect is that we don't have attractive things. Another aspect is that we do not really seem to want to attract them. There is no other explanation to the fact that at the 2nd<\/sup> largest real-estate fair in the world, Expo Real Munchen, there was only one Romanian presence. To be more specific, there was a Greek guy active on the local market too, Ilias Papageorgiadis, with MORE Real Estate Services, who shared there a stand with Proiect Bucuresti, urbanism and projection company. The fact that the Romanian companies did not find it appropriate to participate at the fair, European real-estate landmark, sais a lot about how we are managing our image. But not everything is lost. To be constant, for the future, we can still miss the other two international important fairs, MAPIC and MIPIM. 
\n\t      At the current edition of Expo Real held at the beginning of this month, very few investors presented interest in Romania. "In 2007, we counted 142 investors interested in Romania. We did not take into account the simple tourists, but the truly interested investors. In 2008 their number reduced to 35, and this month only 5 showed up to the stand", Papageorgiadis declared. Opposite to the previous years, when the companies would come up with an amount of money they wanted to invest, now the few who showed up had specific requests: they expressed their wish to invest in agriculture, forests, or the energetical field, alternative energy more probably.
\n\t      Unfortunately, the real-estate local players do not change very easily, in the sense of adjusting the prices to the evolution of the market. " I can say, by periods that between 2005-2006 it was all about optimism on the market, in 2007 one could already have talked about arrogance, in 2008 – denial of reality,and currently about a state of numbness. We are still trying to wake up from sleep", the MORE Director considers.
\n\t      Still, as differencies between sectors, the less affected one seems to be the one of logistics, being integrated in UE and close to the big industrial power represented by Germany. "Even if we do not have transportation infrastructure, this being reglated in time in other countries as well, after the appearance of the companies. China was the only one which did this the other way around, infrastructure first, followed by the appearance of the companies", the MORE Director emphasises.
\n\t      Currently, the transactions that are made now are the ones who bring a revenue that can be estimated, one one hand, or distressed, on the other hand. "Two days ago I have found a client for an office space with 400 euros\/sq.m. This ind of transactions are very few for now. Until the foreign investors do not return, we can not say that we have a sign that the market has recovered", Papageorgiadis declares. All that is left is to attract them, and if we still are bot able to do this through the yields, at least lets not score 0-3 for not showing up.\n<\/p>\n

\n\tSource: Saptamana Financiara, sfin.ro, 20.10.2009\n<\/p>\n

\n\t<\/p>\n","protected":false},"excerpt":{"rendered":"

      One year after the crisis started, objectively speaking, we can not attract the foreign investors but through "distressed" assets. Currently, the yields are much less attractive than in West.       Moreover, in West one can find a better construction, tenants and contracts' quality. "It is known, regarding the quality of the quality of the contracts […]<\/p>\n","protected":false},"author":3,"featured_media":59454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[224],"tags":[],"_links":{"self":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/1743"}],"collection":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/comments?post=1743"}],"version-history":[{"count":0,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/1743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/media\/59454"}],"wp:attachment":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/media?parent=1743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/categories?post=1743"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/tags?post=1743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}