We have a new website at

www.romanianpropertyonline.com

We included information about the different areas in Romania and the best investment opportunities.

We also have a Forum where any of you interested in purchasing in Romanian can ask questions.

Romania has so much to offer, one just needs time to discover.

Looking forward to welcoming you on our website.

Which are the best areas to purchase in Romania? Both medium term and long term.

Bucharest is good for short and medium term.

I guess Black Sea is OK, but there is need to create some new resorts.

Medium and long term: Transilvania and Banat. They have the best infrastructure.

Hopefully we will have a good list of properties soon on our site and then we can discuss case by case.

Which ski resort is going to develop in the near future? I know that Prahova Valley is nice but I think that the cable cars are a bit old.

I am intersted in purchasing something in Poiana Brasov. Do you know where is the best area to buy there?

Poiana Brasov is a nice bet for massive development. They have the best infrastructure and the best slopes. There is so much potential over there.

The first development there is in Poiana Mica, about 2 km from the main site. It is called Silver MOuntain and will be luxury and regular buildings.
Will post the complex on our website in the next few days.

Im always interested in new locations but as a start point would need to resolve these items:

1) Upon selling a property how does one take ALL of the proceeds out of Romaina? Will the state stop you transfering money out?

2) Is property registered on a Government database showing it has clear title and no debts against it?

3) What Taxes and regular costs will be deducted from any rent each month / year?

4) Do the developers have identifiable robust Bank guarantees to protect investors?


Many issues must be addressed. 'Potential' price growth is only the strating point.

1) There is no restriction in taking money out of Romania. of course this means that the local currency might be a bit fragile, but it is similar to Hungarian Forint. Romania will adopt Euro in 2010-2011.

2) There are solicitors who are in charge of registering the property. The title is very clear. the only problems might be with the land because there are still some
legal problems in some regions. But the problems can be easily seen by the solicitors/lawyer.

3) 16% of the income.

4) Same as in Bulgaria. Some have, some do not have. There are very big companies who build a lot. There are also big investement funds from UK, Germany, etc who are investing in property in Romania.

I shall add the relevant information on our website.

I am not saying that the capital growth or the rental returns will be extremely spectacular in Romania, but they will not be worse than Baltic Countries, Bulgaria , Poland or HUngary.

Let me know if you have more questions.

What about Sinaia and Predeal? Do you know of any development there?

There are some decissions to be taken in what respects the developments in Sinaia. This would mean more ski sliopes and a lot of nice new developments in the near future.

Predeal more or less reached the maximum development but things get extended towards Brasov and Paraul Rece. They want to make a low density area witl nice developments.

2007 will bring lots of changes in those areas.

Which areas of Sinaia are there going to be developed? I have seen some nice properties advertised recently but they were quite far from the
ski slopes.

Ok I did some research on Romania yesterday;

Sinaia skiing resort:

-New studios start at c£50000. THAT IS NOT A GOOD PRICE FOR ME. I can buy skiing studios in France or Finland for just a little more.

Bucharest:

-New City studios from £40000. Again this is not attractive. I can buy studios in many developed / less risky cities such as Berlin at this price point.

SUMMARY - The risks are significant. Corruption is endemic and throughout all state levels. This means crooked Lawyers or people pretending to be Lawyers could easily aquire my money on entry or when I sell.

Rentals are difficult to manage as few people speak English and again the tendancy towards corruption cannot be simply ignored because a UK selling agent says "I know a reliable letting agent on the ground" - THIS IS MEANINGLESS and there are no guarantees or plan Bs. What if that letting aent goes bust, then what?

Given these significant risks the prices are way too high. There is no reliable second hand market.

If someone offers me a studio for £10000 in the City I might be interested.

This is your research, but it is extremely inaccurate.

In Sinaia you can find 1 bedroom apt. for £40000 in good area.

In Bucharest you can find 1 bedroom apt. for £40000.

A lot of people speak English, much more than in Bulgaria or Turkey, as Romanian is a Latin language.

Corruption is much, much less than in Morocco. And the level of education of people is much, much higher..

I agree that the prices are not very cheap, but they are less than in BUdapest or Prague. And Romania has at least as much to offer as Hungary, BUlgaria or Csech Republic.

I do not know where you took the data you presented but it is completely wrong.

So what shoudl I understand?

You want to pay 1/2 price in Bucharest as compared with places like Saidia? Dream on baby.

There are some flat areas when you come from the Bucharest. They sell 1 bedroom apts. for about £40000 there, buit there will be some other nice resorts coming soon.

The skiing area will be extended by one new cable car to be built in 2008.

We shall post soon a list of properties in Sinaia, look at our website.

What about Romanian Black Sea? The Bulgarian coast is overflooded with properties, what chance do you think the Romanian coast has to catch up with the Bulgarians?

Black Sea investments are quite tricky. The Bulgarian shores are already packed with properties so it might not be so profitable to build a lot in Romania...

The only thing going for Romania is that a lot of Romanians tend to go to the Black Sea in Romania so 3 months per year one could guarantee a good level of occupancy.
But more than that it is very difficult.

Where are you based?

We are based both in UK and in Romania.

OK,

Where in Romania are you based there?
What is your expertise? Holiday homes? Skiing? Beaches? Mountains? Residential? Commercial?
Are your staff Romanian, British or Both?
What services do you offer apart from the database of properties? e.g. legal and company setup
Why are there no properties on your website?
If you were an animal, what animal would you like to be?


Mr.Mangle

We are based in Bucharest and Cluj.

I would say that we could provide more information about skiing, mountain and Residential.

The staff is Romanian and British.

In principle we do offer only a database of properties. But we could provide contacts for legal and company setup.

We are in the process of collecting a list of properties.

You can write to us at contact@romanianpropertyonline.com and we can provide you any information you want about Romania.