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First Property plans to exit Romania and buy real estate at beaten up prices


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Having swung back into profit after last year’s loss, and re-instituting its dividend, First Property Group (FPO) has plans to buy more commercial property at beaten up prices.

 

Ben Habib, chief executive of FPO, tells IGTV’s Jeremy Naylor that he plans to do this by exiting the company’s Romanian business.

Habib also talks about being able to double rents in the forthcoming period as markets recover.

 

 

 

 

 

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On 01/07/2022 at 14:16, DarwinPatzner said:

I have heard more than once from reliable sources that First Property is planning to leave Romania and start buying properties at inflated prices.

That is why I decided to complete the purchase of real estate shortly. After all, buying property in this country is advantageous in terms of pricing: the cost of housing, even by the sea, is much lower than in other EU countries. I'm still working on it. I hope I will be always be able to resell it or rent it out. OnStage will help me get the highest potential return on my investment with their style and talent for staging.

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