Estate Agents & Advertisers: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 
Secure Exit Strategy


Could Bucharest Old Town become a property investment hotspot?

Date : (News Section: Romania)

Share
Could Bucharest Old Town become a property investment hotspot?

The Old Town district of Romania's capital Bucharest is in need of refurbishment, with foreign investors showing an increasing interest in properties in this area of Romania.

Speaking to Romania-Insider.com, chief executive officer of More Real Estate Ilias Papageorgaidis noted that approximately half of the buildings in this part of the city have yet to be renovated.

He explained that of the properties that have been refurbished, the majority were converted for leisure use, with a small percentage accounted for by retailers.

However, Mr Papageorgaidis is not overly optimistic about new investment flooding into the district any time soon.

"Right now, the interest of foreigners is multiplied, but I doubt they find many opportunities to invest," he told the publication, adding that this is largely down to the small number of owners who hold assets in Bucharest's Old Town.

This part of the city is also dotted with historical attractions that make it popular among tourists, including the remains of the Old Princely Court, the Old Court Church and the Old Court Museum, which displays archaeological finds from the fort that used to stand here.
 


Share

Article created on behalf of Propertyshowrooms.com News Desk ()

Related Articles

  1. Is Romanian property stabilising?
  2. Prices stabilising in Romanian residential sector
  3. Will economic growth in 2013 help boost the Romanian property market?
  4. Professionalism will help revitalise Romanian property market
  5. Be proactive to complete on Romanian property before Christmas



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

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Romania.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

the FX firm
Development Showcase

Subscribe to This Feed

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

More RSS FeedsGo

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