I am sure that the address in the message above is a flat, and not a business address.


[u]2A Dimitrie Cantemir Street, Block P2, Clients Entrance A, Floor 3, Ap. 8, Sector 3
Bucharest
ROMANIA


Thank you
Shell[/quote]

Dear Shell

The above address is in fact a business address. Being as familiar as you are with Bucharest you will already know that probably 95% + of downtown offices are in fact in converted apartments. In some cases whole blocks converted into office as is the case in buildings such as Stiracco. I have attached a link of the location and perhaps if you visit you will have a different opinion. Many investors in Romania with several well known companies with flash offices, fountains and BMWs have been duped by flash not realising they are the ones who are paying for it.

It will be interesting to see how confident those of you who bought some of the off plans 12-18 months ago fare out. Personally I think if you get 6% rental return on them you will be doing exceptionally well, However, as a company operating from an old Comunist block (The same build quality as Unirii Bvld & built in 1992) that has now a current value of in the region of 3,500-4000 per meter and a potential rental yield of 8% we do stand to be corrected.

Good luck to all seeking furniture pack, IKEA is probably the most expensive IKEA Branch in Europe. They will charge you an additional 10% for assembling the furniture and realistically another 10% to deliver it or more dependant on what floor you are on. As for your electricals and gas, are you aware you need to be there when qualified person comes to fit them. That a washing machine guarantee is not valid unless the company supplying fits it?

Romania is not a market that can be looked at through Anglo Celtic Binoculars. There are many variances to that what investors are accustomed to. We look forward to hearing from you.



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