Real Estate & Economic News in Romania from Propertyshowrooms.com

'Potential' for Romanian real estate

Tue, 27 Sep 2011 00:00:00 GMT

There could be significant growth in Romanian property prices over the coming months and years, one expert has asserted.

Speaking to the Independent, Philip Moorish from Growth Equities and Company Research, explained that while the nation's economy is rapidly expanding, values of real estate have yet to see high price growth.

According to the news provider, Romania is currently seeing its gross domestic product increase by four per cent, well above the EU average of 1.6 per cent.

Mr Moorish made his comments about the state of the eastern European country's prospects following the news that Argo Real Estate Opportunities (Areo), has purchased two shopping centres in the region and aims to make further acquisitions.

The publication noted that Areo sees "a huge opportunity" in the nation and intends to become "the dominant developer, owner and operator of international-quality retail parks and shopping centres in Romania and the region".

However, the same may not be said for residential property, with a report in Global Property Guide earlier this month revealing that house prices in the nation declined by anywhere between ten and 20 per cent in 2010, depending on the figures used, with values continuing to slide this year.

Tour operator reveals popular Romania destinations

Thu, 18 Dec 2008 00:00:00 GMT

Transylvania and the Carpathian mountains are two of Romania's most attractive locations, one tour operator has suggested.

According to Transylvania Live, this region of the country features a number of popular destinations, such as the Bran, Peles, Savarsin and Corvinesti castles.

And Professor Duncan Light from Liverpool Hope University explained that tourism to such areas - which are synonymous with the legend of the vampire Dracula - can help boost the overall perception of the country.

"I agree with those people who say that Dracula is a way to get foreign tourists into Romania, creating an opportunity to show them all the other things the country can offer," he remarked.

Property investors looking to make purchases in Romania may wish to do so in these areas, as visitors who travel to the country to visit such attractions may decide to rent property in the area.

Real estate firm DTZ Echinox recently suggested that Romania's residential rental market is likely to grow further in 2009.

Transgaz heats up the Romanian Stock Market

Mon, 4 Aug 2008 00:00:00 GMT

It’s been a while since anything but housing came up on the website. However, next week it’s a special occasion: the Transgaz shares go live on the Romanian Stock Market. Not having any financial analysts amongst my friends, I’ll keep this brief, more of an announcement. Transgaz Medias is the company that transports natural gas throughout...

The house prices crisis – is Romania next?

Mon, 4 Aug 2008 00:00:00 GMT

I’m not sure what the latest real estate news is the US, but at least in the UK I’m getting rather fed up with warnings about plummeting house prices. By all means I am not neglecting/ignoring the issue, but I believe that the overwhelming attention of the media is just fuelling the market fury...

Peep Aaviksoo steps down from the board of IPC Investment Group

Mon, 14 Jul 2008 00:00:00 GMT

Estonian businessman Peep Aaviksoo has announced that he is leaving the board of IPC Investment Group that develops real estate and industrial interests in Romania...