Quote:
Originally Posted by anna2
I think these type of investments in Romania are very risky. In addittion to the valuation and legal issues, the logistics of renovation are going to be hard work.
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I agree with you Anna about the renovations and the logistics. Most of the agents here don't offer property management after purchase, therefore buyers are left to deal with things alone. This way they take no irresponsability for what they are selling. They also take money from the buyer and aso from the seller, failing to properly represent either sides. Another issue is the lies they say about how much one can rent or resell a property. One on top of the other, these types make a very bad image to Romania in general.
However, I think, based on experience, although it's hard and time consuming, people can find very good properties in Romania. Tax and legal help is crucial however.