This blog it is a collection of truths, myths and realities that shaped the real estate market in Romania only one year ago as seen through the lens of an experienced professional and a passionate promoter of this country’s potential. The blog www.realinromania-blog.com contains stories, experiences and lifetime lessons i learned throughout my five years in Romania.

2008 will be remembered globally as the year of financial crisis and the real estate meltdown. Romania followed the global trend and witnessed the burst of the real estate bubble. But the reasons here were completely different than abroad, and that is why the results will not be the same either.

Rewind to only one year ago, the media was flooded with reports of new and ambitious projects, transactions, speculations, artificially-driven prices, millions and billions invested in real estate. The number of transactions was already decreasing, but no one was paying attention. Prices were at “sky high” levels, same with the arrogance of those whom we call “major market players”. It was very difficult to focus on real business, following principles and rules. Difficult, but not impossible… Fast forward to today, the picture stands in stark contrast to what we have witnessed in the recent past. The boom phenomenon has halted and even reversed, leaving many lessons learned for Romania.