Unfortunately a lot of pople do not look into investment. Your figure of a return of 150 on 105 in 3 years is not appealing to speculators. Why would they buy of you at this and only return around 40% when they can buy from a certian well known company that says they will get them 40% a year and puts them up in a flash hotel and ferries them around in flash cars.
To a true or semi educated investor this represents a realistic return and one which you state with confidence. In addition and with all due respect you have also failed to mention this person will also get an additional 15% rental return in this period which brings your return up to 55% which in my or any informed persons opinion is very desirable. Put 40% deposit down se rental return to pay mortgage and you have just given people a return of over 30% per year on their money and you did not have to lie or deceive anyone.
Unfortunately many of those you speak of are not as knowledgeable as we are and rely on the information suppied by an agent who even on some occasions actually believe what they are saying as they have been taught this as fact to be more convincing to the speculator.
The reality is people are being deceived and that is sad regardless. What is sader is the people who you mention that are slatting Romania and the opportunity here when this market offers such potential. This makes us all guilty by association and hence the need for people like us to make people more aware, espeially to the fact that this has nothing to do with Romania, but sheer greed by unsrcupulos agents who on so many occasions are not Romanian, but can be found in a cheap suit, fake rolex and flash motor and is imediately the investors new found best friend.
Hopefully at least one person reading this will take stock and look at alternative investments/agents with effect some of these agents will be denied their huge profits that are so often extracted through deceit.
What people need to realise is, when people get something that is to good to be true, it rarely is true! Therefore anyone considering buying an investment property anywhere should take the time to examine it in the same way they would a second hand car. Speak to an independant expert or carry out their own due dilligence, those few extra hours work will reward you well. I currently have 8 people who bought in a development in Bucharest through a company that holds themselves out to be property professionals and what that company did to these people is criminal when there was so much opportunity in the market.
For anyone wishing to buy in Romania I would ask that they be not desuaded from buying due to the negativity that is occuring in this thread. The potential is here the same way as there is in buying a 2nd hand car from a reputable dealer or friend as apposed to buying the luvely motor from the Arthur Daly character.
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Originally Posted by Transylvania Investment
I agree with you David, people should look into "am I getting value or not". However there is no lack of naives both abroad and in Romania! My strong feeling is people get what they deserve and if they prefer putting money into something without looking for information re fiscal and legal issues, they should not doubt they get into trouble after.
Others like the flashy display of these developers and are not even cute enough to go see where the developments really are, so again no wonder to me.
Am also growing weary of so many "disaster-lover-analysts" on these websites! Most of them have never set foot in Romania and even have doubts they can correctly point it on a map, yet they venture into appreciations. Nothing that makes me laugh more but to hear words like "rip-off"! Had anyone been born with the sense of business, we'd have no poverty in this world. So of course, people waiting for everything to be done for them without them even opening eyes to look around, rarely do bump into success.
There is great opportunity in this country if you invest wisely and get value. If someone got today an apartment for 105k for example and can resell in 3 months for 150k is a very nice deal! Transylvania Investment not only promises, we actually did and continue to do so.
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