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Useful Advices - Romania on the Rise: Investing in Eastern Europe
"Moscow aside, if you look at central and eastern Europe, Bucharest is probably the biggest and most interesting opportunity for property investors right now," says Edit Vesser, corporate director for CB Richard Ellis in Bucharest in an article recently published by the esteemed Irish Times.
In February 2005, I first alerted readers of Escape Artist to the incredible potential latent in the Eastern European country of Romania. Seve
In February 2005, I first alerted readers of Escape Artist to the incredible potential latent in the Eastern European country of Romania. Seve
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ral readers who contacted me purchased land through a realtor that I advised them of in an area outside of the city limits of Bucharest at 40 Euro per square meter. That land today is now fetching an estimated 200 Euro per square meter.
I was cautioned by colleagues to refrain from quoting the above figures as they seem quite sensational. Indeed, they are representative of unique successes and do not represent the average gain to b
I was cautioned by colleagues to refrain from quoting the above figures as they seem quite sensational. Indeed, they are representative of unique successes and do not represent the average gain to b
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
e expected on property held in the Bucharest area for less then one year. However, such gains are possible and it is not uncommon to hear of such success stories occurring from transactions made on the current market.
These exceptional cases serve as an indicator of the general trend of rapid growth in value of raw land in what is known as "the new suburbs of Bucharest."
The price of land has gone up by 60-70% over the past severa
These exceptional cases serve as an indicator of the general trend of rapid growth in value of raw land in what is known as "the new suburbs of Bucharest."
The price of land has gone up by 60-70% over the past severa
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
l months, due to the high level of demand on the market triggered by the high profitability of investing in land, a report by CB Richard Ellis (CBRE) shows.
In a previous article for Escape Artist (http://www.escapeartist.com/efam/72/Real_Estate_In_Romania.html), I indicated land as potentially the best investment for the average investor in Romania. It poses the least hassles and headaches and tends to generate the most profit-gro
In a previous article for Escape Artist (http://www.escapeartist.com/efam/72/Real_Estate_In_Romania.html), I indicated land as potentially the best investment for the average investor in Romania. It poses the least hassles and headaches and tends to generate the most profit-gro
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
wth in the shortest time. The verified rate of growth of property values between the time that I made this suggestion to readers and the publication of this article, given further credibility to my speculations.
I am not alone in my view; Razvan Camuescu of RHR, a Bucharest property services firm in his interview for the aforementioned recent Irish Times article further comments, "Outside Bucharest we have seen the price for some
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
land double over the course of two months." He adds that investments in apartments in the center of the city no longer necessarily represent a part of a good investment strategy.
Yes, all of this growth could be considered astronomical, daunting, magnificent, maybe even a little scary if not properly managed. This, however, is exactly why Romania has become the next big target of the international investor.
"It is the next big loc
Yes, all of this growth could be considered astronomical, daunting, magnificent, maybe even a little scary if not properly managed. This, however, is exactly why Romania has become the next big target of the international investor.
"It is the next big loc
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
ation in this part of the world, with many people looking to get involved here having moved on from Budapest or missed the property train there". "The big guns are already getting involved alongside the private investors." (source The Irish Times, September 2005)
The key to raw land investment in Romania is a) knowing where to invest and b) when and how to sell. Bucharest as the capitol of Romania and soon EU capitol city is the
The key to raw land investment in Romania is a) knowing where to invest and b) when and how to sell. Bucharest as the capitol of Romania and soon EU capitol city is the
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
the star attraction of all Romanian land investment opportunities.
Prices in the downtown area of the city may have all but peaked after years of significant growth but the trend of high growth in a short-time frame has just begun in the area outside of the city limits which is pegged as the new Bucharest suburban district.
Bucharest is inhabited by more then 2.5 million people and that number is expected by many authorities to m
Prices in the downtown area of the city may have all but peaked after years of significant growth but the trend of high growth in a short-time frame has just begun in the area outside of the city limits which is pegged as the new Bucharest suburban district.
Bucharest is inhabited by more then 2.5 million people and that number is expected by many authorities to m
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ore then double to over 5 million by 2010 by the rapid development of new housing complexes inside of the city and the expansion of city limits with the introduction of new American-style suburban living there - now available to the average Bucharest-ian who is experiencing higher earning power coupled with increase access to credit.
Northrop Grumman, the large American construction firm is already in the market constructing new ho
Northrop Grumman, the large American construction firm is already in the market constructing new ho
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
mes along with scores of other European and international building firms of reputation. As leaders in their industry, they are fully convinced that the projections for suburban Bucharest will become a current reality.
The savvy world investor, according to surveys, now identifies Romania as one of the top three investment locations in the world (along with China and Brazil) and the number one opportunity in Europe. Foreign Direct I
The savvy world investor, according to surveys, now identifies Romania as one of the top three investment locations in the world (along with China and Brazil) and the number one opportunity in Europe. Foreign Direct I
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
nvestment in Romania is at roughly 3.5 billion dollars currently tied only with Czech Republic for the number one spot in Central & Eastern Europe. Decreasing investment rates there and expected investments in Romania will most likely push Romania on top.
Tesco and Walmart have already announced plans to follow in the footsteps of European giant Carefour to enter this thriving market.
Unemployment here is at just 6%, one of the lo
Tesco and Walmart have already announced plans to follow in the footsteps of European giant Carefour to enter this thriving market.
Unemployment here is at just 6%, one of the lo
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
west rates in all of Europe. Combined with a low per-head personal debt, more spending cash, and the introduction of credit an amazing new consumer based society is being built.
Statistics show that inflation is low and GDP is high (three times higher in many cases then in Western Europe) in Romania.
The vision of the Bucharest metropolitan area is quickly becoming a reality. Farmland near Bucharest will soon resemble suburban De
Statistics show that inflation is low and GDP is high (three times higher in many cases then in Western Europe) in Romania.
The vision of the Bucharest metropolitan area is quickly becoming a reality. Farmland near Bucharest will soon resemble suburban De
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
troit or Chicago, complete with modern family homes, shopping complexes, and modern highways. This phenomenon has already occurred in some areas outside of the city limits.
2,000 square meters plots of land can now be purchased in the new suburban district of Bucharest for 40,000 Euro (That about $48,000 USD). That' s about $20 per square meter in a city where downtown prime real estate is going for as much as $2,000 a square meter
2,000 square meters plots of land can now be purchased in the new suburban district of Bucharest for 40,000 Euro (That about $48,000 USD). That' s about $20 per square meter in a city where downtown prime real estate is going for as much as $2,000 a square meter
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
and property in the currently developed suburban region goes for between $150 and $350 a square meter. Between now and the years proceeding the EU ascension of Romania (analyst predict Romania will join in 2007 -2008 and growth will continue at impressive rates up to about 2010) property prices in the new suburbs should increase at least 30% per year.
The key to realizing profit is to buy land in an area where developers are looki
The key to realizing profit is to buy land in an area where developers are looki
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ng to build in a strategic location, where other like-minded investors have also invested in land. This is where a reputable estate agency comes into the picture. As they usually have direct relationships with developers and have a keen understanding of where to buy, they more then earn their 5% or so commissions.
New structures have now been put in place to allow foreign investors to invest in land without formation of private com
New structures have now been put in place to allow foreign investors to invest in land without formation of private com
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
panies (foreign citizens may not own raw land as private individuals) and the process of forming a company for such a purpose is now a relatively expedited one - when you are working with someone who knows what they are doing.
Deals most absolutely exist outside of Bucharest as well. The long term investor should also consider naturally stunning land located in proximity to up-and-coming ski resorts in Transylvania and incredible b
Deals most absolutely exist outside of Bucharest as well. The long term investor should also consider naturally stunning land located in proximity to up-and-coming ski resorts in Transylvania and incredible b
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
argains at the excellent vineyards located between Bucharest and the aforementioned ski resorts. These opportunities represent excellent investment opportunities but often requires a longer "hold time" on the investment to reap full potential returns.
More details on those properties, as well as on opportunities in Bucharest are available for readers by contacting me directly.
One final piece of advise - the majority of North Amer
More details on those properties, as well as on opportunities in Bucharest are available for readers by contacting me directly.
One final piece of advise - the majority of North Amer
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ican investors who have contacted me come with a sound American mentality related to real estate investment. No doubt, this mentality is tried and proven in America and represents a very successful model for property investment on that continent. Europe and Eastern Europe in particular represent dynamically different markets that require the investor to approach an investment in this region with an open and teachable mind.
This has
This has
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
caused a much higher success rate among European and International investors to date in Romania then for American ones.
The tried and true model for cashing in on the amazing changing face of Romania and particularly metropolitan Bucharest, tweaked and perfected by professionals from the West operating in this region, has proved to be the best model to follow.
Perhaps the Irish Times article, summed it up best ".... the key thing
The tried and true model for cashing in on the amazing changing face of Romania and particularly metropolitan Bucharest, tweaked and perfected by professionals from the West operating in this region, has proved to be the best model to follow.
Perhaps the Irish Times article, summed it up best ".... the key thing
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
is to have good contacts, local knowledge, and someone here who you can trust."
Romania presents the opportunity to make extremely profitable investments in a future superstate of the European Union. It represents the transformation of a nation where 30% of the population has never turned on a light, into a Western cosmopolitan nation at a maddening pace. Under control, this chaos can be extremely profitable for the savvy investor
Romania presents the opportunity to make extremely profitable investments in a future superstate of the European Union. It represents the transformation of a nation where 30% of the population has never turned on a light, into a Western cosmopolitan nation at a maddening pace. Under control, this chaos can be extremely profitable for the savvy investor
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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