January 2007\u2026 March 2008\u2026<\/strong><\/p>\n My lessons from the first 2 months of the year January 2007\u2026 It was just 14 months ago\u2026 January 2007 and I was feeling very stressed. After a long preparation, my client, a major French company, was ready to purchase a plot of around 8.000 sq.m. in the north area. The whole project received all […]<\/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\/475"}],"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=475"}],"version-history":[{"count":0,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/475\/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=475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/categories?post=475"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/tags?post=475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/strong>It was just 14 months ago\u2026 January 2007 and I was feeling very stressed. After a long preparation, my client, a major French company<\/strong>, was ready to purchase a plot of around 8.000 sq.m. in the north area. The whole project received all the necessary approvals very fast and not only they wanted to develop on the land an A+ Class office building, but they had already reserved half of the future projected surface for very good tenants. Knowing that the location was very good and the fight for it very big, I was doing all possible to secure the deal, trying to avoid bad surprises.
\n<\/strong>And here we were\u2026 in the meeting room of the headquarters of a major bank, together with the notary. On the left side of the table, the owner. An arrogant Romanian, around 40 years old, who had received back from the state a plot that once belonged to his grand father.<\/strong> This grand father was a shepherd and he had built on the land some small constructions for his sheep. Nowadays, his grand son received a\u2026 \u201cpiece of gold\u201d, without to pay for it, without to understand how this can happen. The guy was unshaved, he was smelling really bad and he had the greediest eyes I have seen the last years.<\/strong> (I found this year a greedier person, but for him we will talk another day).
\nOn the right side of the table (after my proposal, so as to have our back on the wall) you could see my clients and me. The French guys, well dressed and smiling, were really showing their happiness for the upcoming deal. <\/strong>They were also quite nervous, as they did not want to lose the deal for no reason at all. This was the main reason for their following mistakes\u2026
\nThe owner knew english and the discussion between him and the buyers was really weird.<\/strong> \u201cIs your company big?\u201d \u201cYes, very big and very serious\u201d, \u201cAnd do you have the money to pay me? Did you have enough profits declared last year?\u201d \u201cBut Ofcourse! We are a big company\u201d. \u201cSo, I will receive my money for sure?\u201d \u201cYes, immediately it will enter in your account, as we asked you to open an account here\u201d. The owner was searching for a problem to find and he was also provoking the buyers, trying to make them declare how strong and wealthy was their company.
\nIt started as a joke\u2026 \u201cAs you have so much money, why to give me ONLY 17 million euros?\u201d,<\/strong> he said smiling. \u201cWhat do you mean?\u201d. \u201cI want more money, as your company has a lot. For you it is nothing\u2026 instead of 17\u2026 1 and 7\u2026 you can put in the contract 27, 2 and 7\u201d<\/strong> \u201c\u2026\u201d. \u201cYes, it is just one digit, 2 instead of 1\u201d \u201cBut, mister, with all due respect, what are you talking about?\u201d \u201cWhat? You have money, don\u2019t you? Why is it a problem for you to pay something more to me?\u201d \u201cBecause the price is already quite high and if we pay what you want, it will not allow us to have any profits\u201d. \u201cAnd you must have profits from all your business? What about us? The Romanians? (he started shouting) You, STRANGERS (the foreigner in Romanian is translated is stranger) come here and you want to steal our lands for free, so as to gain huge profits\u201d,<\/strong> he was yelling while spitting around\u2026 I entered in the conversation, trying to calm him \u201cmr \u2026, relax, there is no reason to be angry\u2026 You are selling your property in a really good price, I think you should be happy and I am sure that you will invest your money in the most profitable way\u201d. \u201cShut up, you F\u2026ING GREEK. You are with THEM, all of you try to steal my property for nothing. I WANT 27 MILLIONS, you told me you have a lot of money\u201d.
\n<\/strong>My clients agreed with my proposal. We all stood up and we left the place immediately, leaving the owner shouting and cursing us. His property was finally sold some months later. I kept an eye on him, as I do with many people who receive huge money without having worked for it. He \u201cinvested the money\u201d in a huge luxurious villa, a Porsche Cayenne and some trips, together with \u201csome ideas he had for business\u201d. Now he has less than 10 millions and I can bet that by 2012 his ideas and a lovely lady will relieve him from most or all the \u201cweight\u201d that so much money can add to a man\u2019s back.<\/p>\n
\n<\/strong>Well, this is more or less the story of 2007. Arrogant owners, lawyers, \u201cagents\u201d, \u201cintermediars\u201d who \u201chave this property with exclusivity\u201d and many other similar \u201ctribes\u201d were the majority of sellers in the market. Many deals were cancelled, many of my clients were upset, most of the times psychology was more important than anything else. People got crazy here in this country, watching thousands of foreigners (but also Romanians too) eager to buy everything that was for sale.
\nMany brokers with very little knowledge were daring enough so as to analyze to their clients almost any bullshit you may imagine. To write on the paper whatever you can guess and to lie without to think about tomorrow. I will tell you more about this category of brokers the next days, but let us stay now on the part of the owners and the investors. So, after a crazy 2007, today the situation is as follows:<\/p>\n\n
\n10.\u00a0The traffic got even worse, while the sales of new cars were again higher than last year\u2019s new record. Result: The city has \u201cheart attack\u201d many hours per day and the brave inhabitants of the North part (Pipera etc) really test their nerves\u2026
\n10 + 1. The commercial projects around the country continue to be very hot, with the supply to be not even half than the supply, but we started having the first projects with more \u201celegant\u201d characteristics, targeting to a part of the market, not all of it.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"