Investing in Romania, is it a good idea?

[cochranehanna]

Originally Posted by David howe

It appears as if it is the sellers lawyer and not your own when he is giving you such bad advice. Transylvania Investment is correct in what they say. Please proceed with caution.


David Howe

Investment Romania

HI David

Thank you for you advise. THe lawyer had emiled us with a memo asking for money and documents to be sent to him. I am awaitin a response from Transylvania Investment in relation to this company thing.

Can you tell me if you have any information on the Sydney development?

[David howe]

Originally Posted by cochranehanna

HI David

Thank you for you advise. THe lawyer had emiled us with a memo asking for money and documents to be sent to him. I am awaitin a response from Transylvania Investment in relation to this company thing.

Can you tell me if you have any information on the Sydney development?

We are familiar with the development and the area in general. Please contact us direct to discuss further your dilema.


David Howe

Investment Romania - Property Romania, Invest Romania, Investment Romania

[teepee]

is this the Horizons development? I am planning a visit out to Arad in 2 weeks time for a site inspection , so would appreciate any other feedback you have.

[David howe]

Originally Posted by teepee

is this the Horizons development? I am planning a visit out to Arad in 2 weeks time for a site inspection , so would appreciate any other feedback you have.

No this development is in Bucharest.


Investment Romania - Property Romania, Invest Romania, Investment Romania

[teepee]

Is this the Horizons development in Arad? I am planning an inspection trip in 2 weeks time so any feedback or advice you can give would be appreciated. I know that bermo are the developer on the Horizons project.

Originally Posted by cpreston

Has anyone investigated or invested in the development in Arad from Casa Rom - since transferred in a very unsatisfactory way to Bermo. I would love to know other people's views and experience. I refused to transfer my contract because they could not meet the legal requirements so am still holding the original contract but have received very little communication from Casa Rom, and nothing from Bermo despite several e-mails and phone calls.

[David howe]

All depends on what price people are paying for it. Everything can be value.


David Howe

[romanianoffer]

David, perhaps you can show me where is the value at above 300,000 EUROS? For a town house/apartment in Tunari?
Obviously when people from abroad all that see on the net is Sydney they have little idea of the reality of the market...

[David howe]

Originally Posted by romanianoffer

David, perhaps you can show me where is the value at above 300,000 EUROS? For a town house/apartment in Tunari?
Obviously when people from abroad all that see on the net is Sydney they have little idea of the reality of the market...

I totally agree with you that it is not worth the colour of 300k. What I said was it has a value and it does!!!!! When I replied to that thread it was because I felt your comments were unjust to the development and developer.

I agree it is not great, but I do not think it is as bad as you are saying. What I see terrible about this development is the price the intermediary agents charged people under the phoney illusion of investment. The developer cannot be blamed for this. I am of the opinion that the price the developer was originally asking and offered to the market was about right or possibly slightly on the high side, but only marginally. The intermediary takes more profit here than the developer in my opinion. That share in my opinion was about or in excess of 30% of the sellers initial asking price.

[David howe]

Originally Posted by romanianoffer

Sydney and the likes done by this developer could have only value if somebody desperately needs to live in that area. However, that means mostly Romanians which so far they had little choice. The time is now changing since there are now much better developments than Sydney and actually cheaper. All in better locations still in the north. If anybody is interested just contact me directly.

As for investment at the current prices if anybody is stupid enough to buy such a thing will see for themselves. It has the value of loosing money.

And David don't worry about South Pacific profits, I can show you they are more than 100% you can't believe the price at which they got that land. Anyway is a past thing Romanians will not buy there anyway.

I do not agree with you! Everything has a value and Romanians will buy if the price is right. You are under the illusion that the price is what the developer/agent is asking. At 65% of the asking price they represent value. No one can be so naive as to think they have no value. Personally I do not like the development, but would never be so naive as to say that it has no value.

Show me a better developemt than what Sydney can be bought for, not what the developer agent is asking? I can get you Sydney for 210,000 negotiable for 145 meters constructible. Please now show better alternative.

Regards.


Investment Romania - Property Romania, Invest Romania, Investment Romania

[ovra]

Originally Posted by kevin

Hi everyone,
I was just wondering if anyone had the heads up on what the outlook is for investing in Romanian property?
Are there any areas to target or steer clear of and are you aware of any budget airlines that fly out there?
It seems the developers haven't been over in force and saturated the market yet, would I be right?
Also, how long on average does it take for a sale to go through?

Thank you very much.

Romania is still a very good market to invest in. but not all the areas. some of the areas are over developed and the prices ar high. You have to concentrate near the big cities and black sea coast. I'am a Roumanian and along with my goodfather we have invested over 20 mil euro in this market and it still generate medium to high returns. Ofcourse he invested the money but i did all the work. and belive me is hard as a Roumanian to find the real oportunities on the market.
there are several companies that fly here.
i dont know if you been here but i ashore u will be susprised what u find here
So if you look carefully for good opportunities