Whilst I agree in principle to a lot of what you say there are several things I would like to draw peoples attention to in relation to what you say.

1. In relation to the scams you speak of about land this will only be applicable to someone who trys to take short cuts and save money to their detriment. Anyone who does due dilligence will not get caught out like the manner you state. Only those who try to stupidly save money will!!!

2. In relation to what you say about agents, I cannot stress this strongly enough but the biggest crooks in Romania are the overseas property agents from the UK & Ireland who now hold themselves out as experts and in reality do not know the difference between Bucharest and Budapest.


3. As for trying to buy with reputable developers whilst Ideal people have difficulty in doing this and if you look how reputable developers off load liability this to can be a problem, not to mention some of the Scum and I do not use this word lightly who currently hold themselves out to be reputable to the detriment of naiv e investors. One current example we have is of a large so called reputable company selling property outside Bucharest at prices from over 350,000 and we can offer the same property today at 169,000, or apartments starting from 135,000 that we can offer at 90,000.


4. Small developments. These offer better value and are more attractive on the domestic market, regardless of what agents say Romanians do not want to live in new massive tower blocks that resemble Ballymun or Milton Keynes. Big developments in Bucharest have so far been bought by mainly foreigners with only a 10-20% to Romanian buyers, regardless what the agent stated. We are now soon going to see these buyers soon having to look to sell or rent and they are just not desirable. Small intimate developments are much more desirable domestically and generally better located. However, existing properties still offer the best opportunity as you see what you are buying and have no fears of bankruptcy of the developer, you also see the design you are getting.

5. Always ask for references of anyone you deal with to show their history in the market and how other consumers have found them.





One thing I would like to add to all potential buyers in Romania and Eastern Europe, , I have seen and heard all kinds of scams in Romania, The one thing with land, Is they show you papers to a piece of l;and, that lo his will not be


In relation to what you say in relation to land looks similiar to another piece of land you think you are purchasing, However they are selling you land that is worth less ( not the one you think you are purchasing.. thats the most common, Please check everything with reputable lawyers, Most agents will sell you anything, in desperation and don't care about long term business or referrals, They just want the quick buck. So again to all of you buying in Eastern Europe, Be very very cautious, And don't beleive these joker brokers. Try to buy into developments with reputable developers, Don't buy into small developments, Many of them will never be finished. Make sure the developer is fully funded on their project before you buy, And make sure the broker is not trying to charge you a premium over developers prices, Most will , even though they get paid by the developer a commission. Unless you agree to it.

Happy Hunting.[/quote]