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Why Invest In Romanian Property?
Worldwide property investors are now turning their attention to Romania as a promising bet amongst new EU member states. Below you will find out the main reasons why Romania is now such a popular investment location.
Quality new accommodation in both the residential and commercial sectors is in short supply in Romania. Investors are tapping into such high demand, with a view to profiting from the price increases that the current situation provides.
Advantages of Romania Investment
- Low property prices and living costs – up to 50% lower – compared with the rest of Europe
- The commercial sector in particular is booming through soaring demand for modern office premises in major cities
- Strong buy-to-let market in prime city and tourist locations, all fuelled by fresh international activity
- Flourishing and growing tourism industry – Romania’s latest Master Plan initiatives aim to attract an annual 10 million visitors per annum by 2016
- Major European recipient of foreign direct investment, with FDI from January to April 2008 increasing by over 100% compared to the same period in 2007
- Ernst & Young classed Romania as the most attractive investment country in Europe in April 2008
- The central bank (BNR) will be implementing 100% mortgages, pushing up property prices by a predicted 15%
- 4th fastest growing tourism sector in the world - growth projection of 7.9% per annum from 2007-2016
- New international airport set to open in Brasov by late 2009, serviced by budget airlines such as Ryanair and Easyjet
- WizzAir will begin operating budget direct flights from Cluj to Paris in December 2008, connecting consumers in Western Europe. A new WizzAir base will be set up in Romania in 2009
- Beneficial exchange rate with the Romanian leu (RON) means even greater buying power for investors
- GDP 5.5% in first quarter of 2008
- NATO member
- EU member
Property purchase specifically as an investment vehicle is a popular option amongst those aiming to capitalise on the growth potential of property in Romania. This type of investment can consist of an off-plan purchase for sale prior to project completion. Alternatively, a buy-to-let situation can provide reliable rental income from the property, along with substantial capital appreciation.
Our Romania Investment Research section allows you to research further into investment property in Romania and the location as a whole. As an IPIN member you can view carefully selected Romanian investment opportunities and, if you are not yet a member, you can join FREE now and gain instant access our detailed Investor Reports on these properties.
By joining the IPIN you will have access to all selected Romania property and investment opportunities.
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