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Real estate in romania

Real Estate in Romania

Real estate in Romania

At this time in Romania prices are starting to go real down, this is because we fall in the hands of corruption.
Many developers and investors are stopping the investments for the moment because there is nobody that wants to buy the properties .
Why nobody wants to buy properties in Romania. It is simple. The banks are not giving any mortgages in Romania .
We have a national bank which orders all our commercial banks what to do.
Thank national bank is ruled by a guy named Isarescu which is corrupted and he did some rules about getting credit for mortgage which nobody can apply.
First of all real estate in Romania is translated as “imobiliare” . This type of business appears to be going down at least for all real-estate agencies but not for government.

If a young couple wants to buy a 2 rooms apartment which in Romanian is ( “apartament cu 2 camere” ) they can’t buy it because they can’t prove that can pay it after the new rules which mr Isarescu did with force.

In this case this you couple must rent a 2 rooms apartment which in Romanian is (“ inchiriere apartament 2 camere”) or (“ chirie apartament 2 camere”) , but in this case the rents just exploded , the cheapest in a liveable apartment is 500$ which is about the bank monthly rate to buy it.

Why should the couple rent and not buy an apartment, if they manage to pay for the rent why shouldn’t they be able to buy it ?

I don’t have an answer for this , but we look forward to see what it happends.
We hope that this situation will stop and we all can run our business.

Now for some translation from English to Romania real estate terms :

Real-estate = “imobiliare” or “imobiliare.ro” or “imobiliare bucuresti”
Real-estate agencies = “agentii imobiliare” or “agentie imobiliara” or “agentii imobiliare bucuresti”
Apartments = “apartamente” or “inchirieri apartamente” or “vanzari apartamente”
1 room = “garsoniere” or “inchirieri garsoniere” or “vanzari garsoniere”
2 room = “apartamente cu 2 camere” or “chirii apartamente 2 camere”
villas = “vile” or “vanzari vile” or “vile de inchiriat” or “chirii vile” or “inchirieri vile”
lands = “terenuri” or “vanzari terenuri” or “vinzari terenuri” or “terenuri de vanzare”
real-estate listings = “anunturi imobiliare” or “anunturi imobiliare bucuresti”
commercial spaces =”spatii comerciale” or “chirii spatii comerciale” or “vanzari spatii comerciale” or “inchirieri spatii comerciale”
industrial space = “spatii industriale” or “chirii spatii industriale” or “vanzari spatii comerciale” or “inchirieri spatii comerciale”
free listing = “anunt gratuit” or “anunturi gratuite” or “adauga anunt”

This is all I will get back with you after I have more news about this real estate crisis .

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