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Property Romania - A High Performing Real Estate Investment Market

"PricewaterhouseCoopers reported in 2006 that house prices in Romania are expected to quadruple within a decade." Investors wishing to capitalise on the buy-to-let market currently have a choice of locations where they can purchase Romanian property at favourable prices, even compared to the other Eastern European emerging markets, with a view to making impressive returns.

Cluj-Napoca - Fontana Residence

Without any doubt the best Romanian investment opportunity can be found in Cluj-Napoca. Our featured development Fontana Residence project is worth taking a close at.

The arrival of Nokia and General Motors in Cluj will create over 30,000 new jobs and another €33 million of government investment in infrastructure. The creation of 30,000+ jobs in Cluj creates a massive opportunity for quality buy to let property investment.

Cluj has a new international airport where many budget airlines from the Uk and other European countries are now flying to.

A strong domestic market and growing tourist industry provides tenants and capital growth.

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Investment Property in Romania

Romania is developing into an entirely free market economy creating greater demand for property thus causing upward pressure on prices.

Romania tops the the list for (potential) profit on investment property in Europe. Analysts at PricewaterhouseCoopers predict that over the next ten years, property prices in Romania are set to increase by over 400%.

Romanian property prices rose a staggering 27% within the first quarter of 2007, which is forecast to rise by up to 25% in 2008 giving an opportunity for an impressive and ongoing return on investment.

According to our research, the best places to buy property in Romania are Bucharest, Ploiesti, Constanta, Cluj, Oradea, Brasov, and Timisoara.

Tourist Market

The Black Sea Coast of Romania enjoys a summer holiday season stretching from May to October, affording buyers a potentially lucrative investment opportunity as well as a selection of resorts to choose from. The World Travel and Tourism Council (WTTC) predicts that Romania will be the fourth fastest growing tourism sector in the world, with a growth projection of a robust 7.9% per year from 2007 to 2016. All of this bodes very well for the future buy-to-let market.

Property Rental Market / Buy to Let Investments

In addition to the traditionally popular beach and city holidays, both of which are growing in popularity in Romania, spa tourism is a fast-expanding industry within the country with nearly 200 resorts built throughout the mountain, hill, plain and coastal resorts. The comparatively cheap spa resorts of Romania attract revenue from foreign visitors across the board, and this sub-sector of tourism is predicted to be one of Romania’s most successful in the future.

Romania also has a number of popular ski resorts, where demand is rising for rental accommodation during the country’s long ski season and through its shorter summer season. Throughout 2007, the return on property investment was among the highest in Europe, and the average rental yield for a property in Romania is an impressive 8.9%.

Economic Factors & GDP

Romania’s economy has performed particularly strongly since 2000. The Unicredit Bank of Romania has reported an 88% growth during the period 2005 to 2006 and figures forecast percentage GDP increase of 6.0% for 2007. Romanian exports are also increasing by 16% during 2005 to 2006 (Romanian National Institute of Statistics).

Romania is also benefiting from fast-growing foreign investment, increasing at a rate of 26.8% between 2004 and 2005 and having quadrupled in the four-year period from 2003 - 2006. Major multinational companies including Nestle, Orange, Procter & Gamble, Wella, Equant, and GE now have a presence in the capital Bucharest, with the government also pouring in €30 million into the renovation of the city all of which will further boost Romania’s economy, employment levels, and the growth of its property market.

Romania’s economy had a further boost in January 2007, when the country officially became a member of the EU. During its accession talks in 2006, Romania was congratulated by the president of the European Commission for its “solid” and “far-reaching” progress during the period of accession talks.

Fair Deal Investment Property Romania

Fair Deal Romania provides a culmination of real estate services in Romania to international property investors and holiday home buyers. Investors wishing to capitalise on the buy-to-let market currently have a choice of locations where they can purchase Romanian property at favourable prices, even compared to the other Eastern European emerging markets, with a view to making impressive returns.

Global Property Investment Network

Our Global Property Investment Network is highly regarded for sourcing carefully selected Romania property investments. In addition, our clients have access to advice and research on investment properties in Romania from our product experts.

Our mission is to identify the most lucrative opportunities currently available in Romania and tailor them to your property investment requirements. Our investment property researchers are constantly monitoring the investment property market in Romania and are in regular contact with developers and promoters not only in Romania but across the world.

Property Romania: Due Diligence

All off plan property in Romania, be it for investment purposes or as a second / holiday home that we recommend have passed strict due diligence procedures. Our country and investment reports is packed with properly researched, up-to-the-minute professional advice on the very latest Romania property investment options available.