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Top Searches: • real estate investment traps •
real estate Archives: • December, 2007May, 2007

BUYER BEAWARE WHEN YOU BUY PROPERTY IN ROMANIA

By Diana Marinescu at 05/22/07 13:06

You are considering investing in real estate in Romania? I agree with you it is a very nice place to invest, but from my experience and knowledge I'd say there are two more years before the properties become too expensive and are no longer worth buying. Prices go up everyday, especially in Bucharest and in tourist towns such as Brasov, especially now that Romania is an EU member.

However, the real estate agents here can be deceiving or simply stupid many times. They don't know the law, they are opportunist and ready to do the kill and move on. They are after your money and are not at all interested to give you a good property, something that's worth buying.

There are a few investment advisors around here, who are professionals and can give you the best choice for a quality investment. Nevertheless they are sharks and follow their own profits desperately. They are true businessmen coming from the West and they are not satisfied simply with the commission like the Romanian real estate agents. They add up to 20% to each property they sell you and they take commission as well. They might seem very thoughtful and helpful, they will call you to advise you about your errors in buying a certain property, but what you have to know is that they are not satisfied unless they make at least 15k for themselves out of a deal.

Feel free to comment or request more information regarding this issue!

Tags: investment traps • romania • real estate •
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real estate Archives: • December, 2007May, 2007

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