(What is this?)
Home > Bulgaria > Property > News : Foreign buyers 'entering Romanian market'
Not registered?  Join IPIN now FREE   |  Forgot password?

Foreign buyers 'entering Romanian market'

Article Date : Wednesday, October 03, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Overseas property buyers from different countries are increasingly choosing to enter the Romanian market, an expert has said.

Real estate lawyer Anthony Raftopol stated that investors from countries such as the UK and Germany were buying in the country to cash in on its current property boom.

He said that factors such as a fast rate of economic growth had impacted on its property market, along with high levels of demand.

However, he added that the supply of available properties was falling behind the level of demand, requiring the construction of thousands of new buildings across the country.

This could attract further investment and interest in the Romanian market among foreign buyers.

Speaking to the New York Times, Mr Raftopol said: "Prices have exploded here - the boom in prices should continue for a decade."

This comes after the American Automobile Association said the country was becoming a highly popular tourist destination among people from the US.
Listing Separator

Related Articles

  1. Bulgaria 'benefiting from weakening pound'
  2. Bulgaria investors 'must factor in renovation'
  3. Sofia: Sofia Airport expects a 20% rise in passengers for Christmas holidays
  4. Unprecedented EU decision on Bulgaria
  5. Figures indicate increase in Bulgaria rental demand



Listing Separator

Let us search for you Let Us find Property in Bulgaria for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Bulgaria.
Let us searchHelp me find property in Bulgaria


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Bulgaria
Channel: All

More RSS FeedsGo

Prices from only 38,000 GBP

Low deposit with prices starting at just 38,000 GBP. Istanbul is one of Europe's top 2 investment locations for 2008, according to Price Waterhouse Coopers. An investment with outstanding prospects.

View Investor Report >>

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo