{"id":4548,"date":"2010-06-14T06:54:56","date_gmt":"2010-06-14T04:54:56","guid":{"rendered":"http:\/\/http:\/\/www.iliaspapageorgiadis.ro\/en\/?p=4548"},"modified":"2015-01-26T20:16:45","modified_gmt":"2015-01-26T18:16:45","slug":"tips-about-buying-your-future-house4-major-public-infrastructure-schools-golf-pitches-and-other-urban-myths","status":"publish","type":"post","link":"http:\/\/www.iliaspapageorgiadis.ro\/english\/2010\/06\/14\/tips-about-buying-your-future-house4-major-public-infrastructure-schools-golf-pitches-and-other-urban-myths\/","title":{"rendered":"Tips about buying your future house:4. Major public infrastructure, schools golf pitches and other \u201curban myths\u201d"},"content":{"rendered":"

\n\tInvestment in a new house (some call it a villa too) is more difficult than an apartment inside the city. It requires more personal involvement and the resolution of many problems which at first glance appear as "easy". After the "first wave" of investors in this segment (2000 – 2004) and the second one (2005 – 2008), during 2010 the market clearly heads to a new direction. People are more careful and "opportunities" are analyzed thoroughly by everyone. Too many times we are tempted by promises for future major public infrastructure, schools at the proximity of a property, future facilities of the area and more. But usually things are not as they sound to be… <\/strong>\n<\/p>\n

\n\tSimple human nature: The need to sell makes people present to you a future full of wishes, not facts<\/strong>
\n\tWhen the Real Estate prices reached their peaks, people had to search at a longer distance from the city's center, in{C} order for them to acquire a property in their budget's limits. Due to the high price, they were ready to believe every story they were listening to, as it was justifying their decision to invest at 20 – 30 or even 40 km far from the city. (In other cities except Bucharest, this distance was 5 – 20 km).\n<\/p>\n

\n\tIn 2010 the prices have collapsed up to 50 – 90% comparing to 2008. Thus, there is no reason for you to search in areas out of… civilization. When you hear people describing to you a bright future, full of promises for public works and more, be defensive. There is a slight possibility (10 – 20%) that they might say the truth. Unfortunately, usually they just present to you their wishes, hoping that you will understand them as facts and you invest accordingly.\n<\/p>\n

\n\tSo, tip no.1: Please stay on the safe side, search for the facts.<\/strong>\n<\/p>\n

\n\tImportant tips to refresh your memory with:<\/strong>\n<\/p>\n

\n\tI have already explained to you how important are location, utilities and access to your property. Read more about them here<\/strong><\/a>.\n<\/p>\n

\n\tAlso I had focused on the potential added value that you will gain by investing close to a forest, a hill or a lake. Refresh your memory here<\/strong><\/a>.\n<\/p>\n

\n\tLast but not least, don't forget that a land for a house is an investment and it should be treated accordingly. Check out why here<\/strong><\/a>.\n<\/p>\n

\n\tPublic infrastructure: Too slow, too late, not always properly built<\/strong>
\n\tI came in Romania in 2004, January. Since then, I keep on hearing about the:\n<\/p>\n