Romanian property is so cheap investors can purchase land at the same price as a brand new Ford Fiesta car or Vauxhall Corsa . Leading overseas property portal Homesgofast.com is now offering parcelled plots of land with planning permission from just 12,500 euros.
For most UK investors, Romanian property has been an unknown and uncharted territory until recently. Few people realised the magnitude of the hidden potential Romania offers. Even fewer understand the dynamics behind this commanding growth and know the facts behind these compelling forecasts. Now you can discover exactly why Romania is the 'must invest in' country. As prices start to rise now is the time to invest if you want to make money
Romanian property ranked first in a January 2006 Price Waterhouse Coopers & Channel 4 Place in the Sun surveys. Both predicted that Romania would be the best property investment region n Europe over the next ten years. The report projected a staggering 414% return on investment for the next ten years. That works out to a commanding 17.8% annually. Furthermore, a June 2006 study by Colliers International positions Romanian property as the second most profitable property market in the world
David Thrift of Equity Buy property investment specialists ‘These plots are in a fantastic location only 10 minutes away from the city Airport and minutes away from shopping hypermarkets. It reflects how cheap land and property is in Romania at this time. This is a great opportunity, for you to own a piece of land with planning permission in a new property hotspot in Europe from just 12,500 euros. 67 plots, of 497 sqm, 512 sqm, 570 sqm and for those of you more adventurous 714 sqm and 880 sqm.
As a new EU country, as a full member state in 2007, Romania has as expected amended its laws to lift all restrictions on foreign nationals owning land as well as property in the country. The law in Romania allows foreign nationals to buy all types of property and land since its entry into the EU something that was not allowed prior to January 2007. This opened up a massive market that is first generation giving the investor that chance to own land for build very cheaply.
WHY INVEST IN ROMANIA?
So why invest in Romania
Extremely low current cost of land and finished property
Huge potential for growth
A growing economy: 3 consecutive years of growth.
GDP in excess of 4% (2002 = 4.9%, 2003 = 4.4%, 2004 = 8.1%);
Reducing inflation: single digit figure of 9% achieved in 2004;
Major infrastructure improvements: including many new roads & highways;
Many state-owned companies being privatised, leading to a fully functioning market economy; -
Accession to UE on 1st January 2007.
Romanian useful resources
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