Quote:
Originally Posted by markf
David, there are a lot of good opportunities in Romania but the potential investor should be informed by people like you that scams are everywhere in Romania. Starting with economic reports that are based on data from 2-3 years ago and finishing with so-called "ultra-central" projects that are built in areas with no facilities, 50km away from the city center. But when one is 3000km away and has only some nice autocad drawings and 3D animations taken from a nifty internet website, these scams are very hard to comprehend.
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If you take the time to read through our forum you will see we have been trying to safeguard Investors and allow them to make informed decisions. We have done everything in our power to protect, the trouble is people get a flashy bloke with a Rolex and he blinds them with Bull manure and then pressurises them to buy and they succumb. Only now that they are knee deep in manure do they make an effort to look elsewhere and come to us to try to bail them out or at least give them a true understanding of the market. I currently have one client with 3 studios in Greenfields and even with him taking a loss on the price he paid in 2006, the locals will still not buy the properties.
These agents or so called experts are whom people need to be guarded against.
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