CRO FM sells house at loss

[boris]

Croatian Foreign Minister Goran Jandrokovic just sold his house in Bjelovar (NW of Zagreb) for only 105.000 Euros, although the house was valued 150.000 two years ago.

There will be more cases like this.

Jandrokovic had to sell the house quickly as he bought another one in Zagreb for 300.000 Euros.

Photo of his house in Bjelovar:

www.jutarnji.hr/ministar-gordan-jandrokovic-prodao-kucu-za-105-000-eura-lijecniku-i-uciteljici/597350/

[mambo]

Quite funny to see this house go for 105,000 euro in an area where there is enough activity.

Here in Istria, where there is NO economic activity they would probably ask 300,000 to 400,000 euro for a house like this and obviously not sell it at all.

[happy]

I am very surprised at the lack of comments on this subject since I know that a very high percentage of members on this forum are involved in the real-estate business in Croatia.

[crojoe]

happy.. maybe he is leading by example of lowering the price of his home to sell in this current climate, or maybe he found a great deal and couldn't get a loan so had to sell something fast, or maybe he's a fool. At least we can't criticize him for asking a stupid inflated price. Did he really loose? Just because its worth a bit more doesn't mean he lost. Maybe he made money off it?

[keepsmiling]

Do you think there's the "declared" & "undeclared" factor in some cases?

[delta]

I think message that he sold at loss is questionable. He got 105k euro and he lost only if he paid more for the house when he bough it. He sold in 2010 and if he got average price for present day, then he did OK and was lucky to have found a buyer at all.

Don't think is right to take maximum prices from days gone by and to consider loss anything less then maximum price from the past. It's a same logic as to take minimum prices from '90s and war period and to consider anything more as a premium.

[happy]

I do feel sorry for the man.


If he was in the UK government, he would have been able to:

1. Keep his old house.
2. Buy his new house on allowances.
3. Have all the taxes paid for.
4. Fully furnish his new house on expenses including marble tiles.
5. Install the latest plasma TV's etc. in every room on expenses.
6. Buy a duck house on expenses.
7. Have all his utilities bills paid for.
8. Have his food paid for.
9. Have his annual 'fact finding' (and shopping) trip paid for.

If he is really smart, he will transfer the ownership of his old house to his son/daughter then claim back the 'rent' he pays his son/daughter for the use of the house.

Will Croatian politicians ever learn from their counterparts from the more advanced countries?

[londoncro]

Mar 3, 2010 15:14:06 GMT 1 happy said:

I do feel sorry for the man.


If he was in the UK government, he would have been able to:

1. Keep his old house.
2. Buy his new house on allowances.
3. Have all the taxes paid for.
4. Fully furnish his new house on expenses including marble tiles.
5. Install the latest plasm TV's etc in every room on expenses.
6. Buy a duck house on expenses.
7. Have all his utilities bills paid for.
8. Have his food paid for.
9. Have his annual 'fact finding' (and shopping) trip paid for.

If he is really smart, he will transfer the ownership of his old house to his son/daughter then claim back the 'rent' he pays his son/daughter for the use of the house.

Will Croatian politicians ever learn from their counterparts from the more advanced countries?

Croatia joining the EU will fast-track that learning process.

[Madgolfer]

€105'000 for that type of property, and in the area concerned (Bjelovar) is quite a realistic selling price at the moment.

It's over an hours drive into Zagreb city centre, even using the motorway, or about the same by train or bus, so at the very edge of the Croatian commuter belt.

The same property in Vrbovec, Sesvete, Dugo Selo, Klostar, Ivanec etc (30 mins to Zagreb) may have achieved €130k-€140k but not much more.