Risk management associated with real estate properties, problems and solutions identified in EU member states

Abstract

The process of risks management associated with real estate properties requires the involvement of all factors, both those with management positions and those with executive duties, by establishing clear responsibilities at the level of all organizational and decision-making structures. In this article, are presented and examined the problems associated with real estate property risks: economical, technical, legal and environmental risks. Solutions identified within the EU to overcome the problems caused by the risks generated by real estate properties: Risk Analysis and Assessment, Insurance, Proactive Planning and Management, Technologies and Innovations, Compliance and Consulting. Examples from EU member countries are being studied: Germany – Advanced Comprehensive Monitoring and Insurance Systems, France - Strict Energy Efficiency Regulations, Compliance Consulting, Netherlands- Ecological Remediation Projects, Advanced Insurance Systems. The risks management associated with real estate is an important means by which an efficient and effective internal managerial control system is implemented at the national level. An effective risks management associated with real estate that includes economic, technical, legal and environmental risks requires that the entire risk management process be permanent and ensure the connection to the process of continuous change and adaptation. In the conclusions, suggestions are presented for overcoming the risks associated with real estate properties based on the experience of the EU member countries, how they can be used in the Republic of Moldova and the future perspectives.