here<\/strong><\/a>).\n<\/p>\n\n\tToday the old peripheral 2 rooms flats of Timisoara or Cluj don't cost more than 20.000 – 30.000 euro. For Bucharest the real price should be 25.000 – 35.000. Ofcourse an owner can ask any price he likes, but if you bring a serious evaluator and an investor, they will tell you that this is the price range, not 45.000 euro as you mentioned. (This is why the banks don't give loans for these apartments without "Prima Casa", for them the real prices are MUCH lower…)<\/strong>\n<\/p>\n\n\tWe don't study the prices focusing only on the asked ones. These are for informative use. (For example, we prepare a major market report for the end of the month. We have the asked prices per area, but we mention that the negotiations always take place). We focus on the real prices, the ones which are finally accepted by both sides and reach the notary's office, for the transaction to occur. Depending on the category of property, these prices are 15 – 35% lower than the asked prices today.<\/strong>\n<\/p>\n\n\tSo, taking into consideration the REAL prices, I insist, we have reached rock bottom. Today we see deals for old apartments with big surfaces at Dorobanti area at the level of 1.000 – 1.500 euro \/ sq.m.<\/strong> Officially many owners ask even for 2.000 euro \/ sq.m. and many agencies increase this number much more. I keep in mind only the price of transaction and I don't think that this price can go down for another 30 – 50%. More or less, this is the bottom.\n<\/p>\n\n\tThe… "anti – Romania talkers"<\/strong>\n<\/p>\n\n\tExcept the "patriots" who blame Romania for all possible reasons, but they don't like the foreigners to mention the same reasons too, we also see several "anti – Romania talkers". These are Romanians who are so frustrated with their own country, that they don't lose any chance to exaggerate and compare it with others, really poor ones.\n<\/p>\n
\n\tI will not enter in the discussion about Nicaragua etc. Romania has several drawbacks, but this country has also a great potential for the future. If we just find the same "language" so as to communicate together, we might discover that all of us finally agree on two things<\/strong>. Yes, all of us, the "patriots", the "anti – Romania talkers", the foreigners who are here…\n<\/p>\n\n- \n\t\tWe care about this country.<\/strong>\n\t<\/li>\n
- \n\t\tWe want to see our life improved while living in this country, ideally through the improvement of the country and the society too<\/strong>\n\t<\/li>\n<\/ul>\n
\n\tReturning to my main topic, please let us all stop confusing the asked prices and the final ones. This story with "the neighbor who wants this price, so I want that one too" became too boring and noone wants to continue with it anymore. The few remaining foreigners target opportunities only<\/strong>. Except the "Prima Casa" buyers, I hear most of the Romanians<\/strong> (I know) offering MUCH lower prices than the<\/strong> ("bad") foreigners, searching for "fire sales", not even distress or "foreclosures".<\/strong>\n<\/p>\n\n\tSo, we are close to the REAL price of the properties. Not the announced ones I repeat…\n<\/p>\n
\n\tPS. This does not mean that any owner should sell his property with low price. As I keep stating several times, if one does not need the money now, he should keep his property for some years, until the market will go up again.\n<\/p>\n
\n\tTomorrow: <\/strong>\n<\/p>\n\n\tPoor Greece – Rich Greeks<\/strong>\n<\/p>\n\n\tand Romania follows…<\/strong>\n<\/p>\n\n\t<\/p>\n","protected":false},"excerpt":{"rendered":"
It looks like my yesterday's post created some anger out there. Lots of you got upset because I presented the situation as it is (and when some people don't have arguments, the easy way to reply is to attack me about Greece! So sweet…). Many others consider that the bottom is not reached yet, as […]<\/p>\n","protected":false},"author":3,"featured_media":59454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[216,17,204,236],"tags":[],"_links":{"self":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/2591"}],"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=2591"}],"version-history":[{"count":0,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/2591\/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=2591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/categories?post=2591"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/tags?post=2591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}