omania has recently won across Romania: city, sun or ski.
acclaim by being voted
number one European Bucharest, as the capital of
destination by Channel 4’s A Romania, is one of the fastest
Place in the Sun series, in terms growing economic areas and has
of investment potential. managed to attract substantial
inward investment from
Following months of research, the international companies, lately.
team at Channel 4 decided that This growth has been driven
Romania was the country most largely by the increased
likely to produce the highest political stability and,
profit for investors. Let’s look therefore, willingness from both
at what drove the analysts to the US and UK to invest in the
this conclusion and why investing region.
in Romania is seen as such a
smart move! In Bucharest, most properties are
geared towards professionals.
Research conducted on Romania Consequently, the most popular
suggested that property prices types of rentals will be one or
are set to rise by as much as 500 two bedroom flats that are well
percent, in the next ten years, finished and offer a central
encouraging property investors location for those who are making
looking for excellent long-term their mark in the new economic
prospects. capital.
Investing in Romania actually Another option for those
offers a wide range of considering investing in Romania
opportunities for investors. is to look at the Black Sea
There are three key options when coastal regions. This is becoming
it comes to property investment, an increasingly popular tourist
destination, due to the superb of larger properties available
scenery that is largely untouched that are suitable for conversion
and therefore still provides a into larger villas or holiday
superb getaway. homes. Particularly popular
resorts include Predeal and
Although there are now some new Sinaia.
builds popping up and off-plan
opportunities available for Those interested in investing in
property investors, the vast Romania can strike lucky if they
majority of development are prepared to carry out a
opportunities are older style substantial amount of the
properties which are now ripe for renovation work, as accommodation
development as holiday homes, standards are not generally as
flats or even hotel advanced as in other countries
accommodation. such as the UK or US.
Skiers are also beginning to This offers those looking to make
recognise the beauty and gains from renovation, as well as
attraction of Romanian ski market growth, the opportunity to
resorts and the numerous areas excel in this explosive region.
that are suitable for skiers of
all abilities. In a similar way Romania is set to join the EU in
to the Black Sea resorts, the next few years and, following
off-plan properties are now the trends of other countries
starting to pop up in the ski that have recently joined the EU,
resorts, offering state of the this is likely to mean that
art apartments and tourist-style investing in Romania is a certain
accommodation. way of making long-term capital
gains from property.
However, there are still plenty
About the Author:
Providing essential information on buying property abroad, Tem Pearson is dedicated to offering all the necessary information for people looking to buy property in different countries. Visit www.buying-property-abroad.info for all the best info.
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Tem Pearson
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