Romania looks to the future with city centre property developments.

International real estate company Propertyshowrooms.com reveals new investment opportunity in the centre of Bucharest.

It’s a new seventy-nine unit residential apartment project called EvoCasa Selecta, which is located in a quiet (yet central) neighbourhood of Bucharest, and already being hailed as a landmark construction for the city centre.

Consisting of one, two and three bedroom apartments, the EvoCasa Selecta development includes underground parking, ground floor designer retail shops, and a modern design, intended to truly put Bucharest on the map. 

The units are being marketed by the International Property Investment Network (or IPIN) which is the
investment arm of worldwide real estate company Propertyshowrooms.com. Already, more than thirty-five thousand active investment members have signed up to the free IPIN service, giving them access to opportunities such as EvoCasa Selecta in Bucharest.

“Foreign investment in Romania increased by more than one hundred per cent in the first quarter of 2008 compared to the same period the previous year,” says IPIN’s Gareth Milton. He continues: “As a result of this, more and more top level jobs are being created in Bucharest in particular, meaning demand for executive housing now far outweighs supply.” 

This economic expansion is being encouraged at Government level. Romania has a Prime Minister who is elected for a four-year term within the framework of a semi-presidential democratic republic. And since the country joined the EU in 2007, the real estate market has enjoyed something of a boom, due to an influx of tourists and commercial activities. In fact, a record number of tourists came to Romania in 2007, totalling 7.7 million, with Bucharest being one of the most popular choices for those looking to delve into the country’s historic past and more modern attractions.

But it’s the more business-oriented activities that have led to the current high demand for good quality rental properties in Bucharest, and as such, any new development attracts a great deal of interest from those looking for living accommodation in the city centre.

“The EvoCasa Selecta development is close to the main business, financial and tourist locations,” explains Gareth Milton. “Land for new construction in this zone is at an absolute premium, which will have a massive impact on the level of rental demand and the yields investors can expect.”

As ever when it comes to property investment, it’s all about location. Gareth Milton again: “The centre of Bucharest is divided into six districts. District number two is considered to be one of the city’s most desirable location, and that’s where EvoCasa is located.”

About Propertyshowrooms.com:
Propertyshowrooms.com is the leading web resource for worldwide real estate, for homebuyers and property investors alike.

The company works in partnership with the International Property Investment Network (IPIN). IPIN is a free service, which provides its members with a choice of only the most outstanding international property developments.

All IPIN properties have undergone a rigorous and painstaking selection programme, which ensures the best investor potential and that all legal safeguards are in place. 

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