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Real Estate Investing in Romania -The Best Three Places to Buy.
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- Опубліковано 3 кві 2023
- In this video I give you my opinion on the best three places to buy property in Romania for investment purposes. I considered many towns and cities for buying real estate including but not limited to Bucharest, Cluj-Napoca, Timisoara, Craiova, Galati, Iasi, Brasov, Constanta, Sibiu, Oradea and many more.
I agree what you have said and i start my investment in Romania 2009 , near future my 1st residential neighborhood project will be in the real estate market ..
Giurgiu county.
Thank you for your feedback.
One of my favourite countries, been many times, Bucharest and Brasov awesome and remember Brasov is conveniently on the international rail network and very close to Bucharest by train
Kipps I could not agree more.
Earthquakes are the problem in Bucharest, old buildings will not survive next quake thus keeping adverage prices down. Good property in attractive areas is rather 2 500 to 3 500 eur/m2. In the west/ transylvania quakes is no problem.
Johan when looking at the history I do not see that many buildings damaged although I do take your point. My figures were averages as with any city if you want to be in the more upscale areas in the newer buildings you will have to pay more.
@@saveandinvestwithgiorgiolo8375 you need to engage a surveyor, impossible to understand yourselve. But generally all buildings older then 1970 and above for floors are at risk. From say 2000 or newer or below 4 floors are generally ok.
For this you can make an insurance, but is not that bad, big earthquake are every 50 to 100 years and buildings in Romania are generally made to resist.
I live in Romênia. Iaşi becoming extremely expensive, like anywhere else in the world, specially after the pandemic. Buy old and small in the city or new and big in the outskirts. Virtually almost ZERO property taxes and condo fees provide incentive for poor building maintenance while in the suburbs poorly maintained roads are a real issue. Avg sale price of $2000eur/m2 [> $3000 for signature and best located properties] regardless the neighborhood, which seems very odd to me. Rents are going up every new tenants appear, avg $400-500/50m2 2bed1bath [still cheap compared to other european cities, but expensive when computing locals' earning/purchasing power] whose sale price may range between Eur$80K - 120K !!
Thank you for your feedback Renato. Rents seem to be going up all over Europe.
Dear foreigners be smart and HAGGLE as much as possible prices are over the top for what the country offers and I know since i live in Bucharest
Be willing to walk away physically and offer at least half or if you are so shy at least a third of the initial prices adn then gradually add back
Find real estate brokers who also have their money invest in real estate for passive residual income. You need people who think the same like you do.
Borrowing conditions are worsening which is a good news for you as creative buyer if you know how to structure the deal in your favour
Be open minded and find first and foremost motivated sellers in personal difficulties.
The rest is just smoke in the eyes. Value is relative. Be willing to walk away and be casual and cool during conversations. Find reasons to haggle over price get doubt into the seller
There is no such thing as a perfect property. There will always be realistic reasons to haggle and get discounts. Maybe the neighbours are rude, shady, unemployed or listen to music with maxed out volume at 3 o clock in the night whatever.
they have a distorted view over the prices , they are comparing the prices in say Bristol / Manchester with those in Romania , while the not taking into consideration the local wages... 80-120k would be dirt cheap in UK, but in Romania I agree, it's very expensive.
How do you get a real estate agent as a foreigner? Thanks for the video.
Well the truth is that Bucharest is more expensive then the info in this presentation. I’m looking for a property in North of Bucharest and there is nothing under € 1850/m2! It’s crazy, lots of new developments and prices skyrocketing. Don’t forget to add 19% TVA (taxes)😢
Not average prices but of course new builds and certain areas will be more expensive than the average price.
Haggle and bluff
Talk to at least 20-30 people before making one deal.
Be willing to walk away and offer the lowest possible offer first then add up slowly.
It's a psychological game
Thanks Giorgio for your insight! I’ve been considering Brasov as a possible place to invest due to some of your reasons mentioned in your video. Is there a particular area of Brasov that you would zero in on?
Thanks Rod. Most people would state the Old Town and I guess if your budget is good I would probably buy there but Blumana looks an interesting alternative lower prices but really near the center.
Thanks Giorgio!
{I really love your real estate investment projects Education it really motivate me greatly . My financial life transformed greatly as I met an old friend in Romania who introduced me to online trading and investment. I started investing in assets that earns me monthly passive income and now I got 4 out of my 5 goals. Just hope it encourages someone's that it doesn’t matter if you dont have any knowledge right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.;}✓✓✓
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
]]Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
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Giorgio, cluj is more expensive due to the international companies that have bases there and the fact it already has an airport
Kipps I fully get that but I still think at an average of 2400 Euros per sqm Cluj is for me is expensive and not a place to invest in the property market.
@@saveandinvestwithgiorgiolo8375 don't misunderstand me, I agree just explaining why it is so
No worries kipps. Always happy to hear your point of view.
Bucharest and Timișoara have more international companies and are cheaper.
and the fact that it has a huge university and it is full of students, from Romania and abroad.
Why not invest in energy in Romania? If you do the math right there are nice returns.
For a different video
Try smaller cities first, work your way up then after, talking Onesti, Galati & Bacau,...I have it works
Personally I favor the larger cities.
Hi buddy, it's me again !
Romania has significant economical increase because of the millions of romanians which have saved and invested by working abroad ! Our immigrants saved our country without knowing it !
The prices for everything is insane, and I mean everything. Nothing comes cheap ! We still have prices in Euros whilst romanian earn in RON. Even bribe for so many years is asked in EURO.
The only luck that romanians have is that 90%+ of the people have a property inherited from the communist regime.
Forgot to say that the prices for real estate went up too much because of the same romanian immigrants which saved Romania from economical collaps. For many years Romania had 100,200,300,400 euros salary and when millions went abroad working for 1500,2000, etc, they started to quickly buy and invest a lot + creating a real estate bubble.
It is not normal that we are still a poor country but Real Estate is quite comparable with many Italian cities.
It is insane that from a city which has not got huge international industry, when you are looking for a 2 bed flat, build with who knows what kind of material, no furniture, to ask for 50,70,80 thousand ! And this is the case for old buildings !
I come from Bacau,Romania but the real estate is crippling me when I see new apartments for 80,90, 100k+ euro for apartments.
Guys if this goes on like this, I will sell an apartment in Bacau and buy something around Lake Como - I hope you get the idea.
If Romanians did not had those appartments inherited from the communist regime, we would have been a desolated country ! Many people struggle with living without paying rent and usually in the West if you do not pay rent, you live VERY well off.
Until Next Time !
Cheers Giorgio
Un saluto pieno di calore ! Alla prossima
Grazie Andrei per il tuo feedback
Are you a real estate agent? Could you give me information on buying a home near the college in Clju
I am not a real estate agent. I just analyse the market.
thanks for the video :) in which website can we search for properties?
Thanks Sagi. My favorite is imobiliare.ro but you could also use homezz.ro, storia.ro and imorodar.ro. From memory I think there is another one called publi24.ro which is general website but you can also search for property. I think they are all in Romanian but just use translate from your PC.
@@saveandinvestwithgiorgiolo8375 thanks!! 🙏 happy easter !
Happy Easter Sagi
gpd growth is a funny stuff, by %, people should know gdp 100 grown 4%, thats104, only 4 points growth but if gpd is 1m, with 0.1% still many time better off with 4% with 100gpd
I am not entirely sure what you are trying to say
Where is the less polluted place?
Brasov is the least polluted place.
Compared to other European countries, Romania seems to be not over run with immigrants.
There are not many foreigners living in Romania.
Bucharest is by far not the cultural center of Romania. Also the capital is cheap for a reason: it has nothing to offer. Cluj is expensive and agreeing with the rest.
Tibor thank you for your feedback. I do think though Bucharest has a lot to offer.
Bucharest has the best nightlife and is the city offering most jobs in Romania. That's why almost two million people live there.
@@saveandinvestwithgiorgiolo8375 me too, it's a great city and has a deep culture, love it there, as you say it's a very safe city too and really well connected to Asia via Dubai and Istanbul
Agree 100% OMI. By far the best nightlife in Romania.
Kipps amazing how many people who have never visited the city say that it is unsafe when this could not be further from the truth.
Targu Mures?
I would say no on the basis that property prices are not far behind Bucharest and salaries are much lower.
How about some advice on how to live next door to Andrew Tate? 😅
why would you like that? lol
Scott simple lots of money and lots of girls LOL
LOL Sagi probably best not to ask!!!!
@@saveandinvestwithgiorgiolo8375 yeah, this is the last neighbor I’ll ever want
Commit an illegal act.
Also tell us about insecurity 😂
Today you pay no taxes and next month you can expect to pay as much as 60% 😂
???
How difficult would it be for you to at least learn how to pronounce the names of the cities you are mentioning. 😔
Apologies must try harder.
What about Arad or Alba Iulia?
Both are worth considering if you have a smaller budget.
What about Oradea or Sibiu?
On the basis that prices in both cities have average prices that are not much cheaper than Bucharest I would probably not invest.
Oradea if you are 30+ (better jobs) , Sibiu if you are 18-25 (has good universities)
🫡🇺🇸🇮🇱🇺🇦🇦🇺🏴🇬🇧
????
@@saveandinvestwithgiorgiolo8375 show allegiance to the allies who rule the 🌎