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| The value of local knowledge - London Business Matters |
Ahead of EU accession confirmed for January 2007, the property market in Romania is currently experiencing dramatic development activity, with unprecedented levels of construction in all sectors of the market. Much needed new offices, shopping centres, logistics parks and residential estates are under development across the country and especially in the capital Bucharest.
The economy has been restructured, privatisation largely completed, and the prospect of EU membership is attracting significant foreign investment. The result has been several years of robust economic growth with strong increases in GDP of over 5% p.a. Growth in the property market has been further fuelled by rapidly rising disposable incomes and significant increases in the availability, and a lowering of the cost of bank finance.
Property values have risen significantly over the last three years, with land and residential values in particular, increasing several fold in certain strategic locations.
This environment provides a challenging background to potential investors, who require up-to-date professional advice to ensure the most effective investment decisions and maximum returns.
UK-based SHM Smith Hodgkinson has been providing professional property and business asset advice in Romania since 1998. SHM is a specialised international firm of property and business asset advisors and valuers, with a 15-strong office in Bucharest, which has established an unrivalled reputation in Romania as the leading advisors to the banking, developer and foreign investor sectors. In 2005, SHM valued assets in Romania with a total value of over € 3 billion.
SHM provides internationally recognised asset advisory services in the core fields of property and plant & machinery. SHM assists investors and developers with professional independent consulting advice, undertaken in accordance with international and RICS standards, with the considerable benefit of extensive accumulated on-the-ground local experience.
SHM advises with valuations for the purposes of debt underwriting, acquisition, disposal, sale & leaseback, insurance and financial accounting. Development feasibility studies incorporate market analysis, project concept analysis, highest & best use, risk analysis, financial cash flow modelling and sensitivity analysis.
SHM has advised many international investors on asset values through several high-profile privatisations, and has the capability to undertake technically and logistically complex portfolio assignments.
SHM in Romania has the capability and experience to advise on almost any property and asset category. Whilst most assignments encompass institutional commercial investment quality assets, our track record ranges from vineyards to shipyards.
For further information on how SHM can assist your property and business asset investment in Romania, contact David Howard MRICS in our Bucharest office:
SHM Smith Hodgkinson, 35 Baratiei Street, 4th Floor, Sector 3, Bucharest,
Tel: (+40) 21 318 88 66.
Web: www.shm-group.com
Email: david.howard@shm-group.com
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