Romania Property Growing in Popularity - Property Abroad
Overseas property portal Property Abroad has announced that enquiries into Romania properties increased by 10% in January 2009. The figures are based on the total number of enquiries for Romania properties in January 2009 being higher than they were in January 2008, which subsequently means Property Abroad had more enquiries into properties in Romania than it has had any other month since it first began advertising property in Romania.
"Not to be big headed but one of our recent research reports found that several countries in Eastern Europe were to fare better this year than most western European economies with far bigger economies. That report recommended property investment in Slovakia in 2009, but it mentioned that Romania was to fare almost as well -- of course property in Romania is much less expensive than it is in Slovakia; and perhaps this has played a part in the increase in popularity of Romania property."
Property Abroad have some excellent properties in Romania, some rightly attracting the attention of serious pure investors. Definitely classifying as worthy of investment are the 1 bedroom off-plan apartments in Constinesti, Romania's up-coming Black sea resort with a guaranteed 6.7% rental yield and being sold from just over £28k. If these properties are to be as profitable as similar properties on Bulgaria's Black sea resorts then the time to invest is now before prices rise, because when they start growth will be rapid.
Another off-plan Romania property with plenty of growth potential is the apartment development in Bucharest offering 2 bedroom apartments from just over £55k. The Italian style Cittadella development consists of 110 modern apartments and houses and is located in western Bucharest. In emerging markets like Romania, the capital often grows before and in many cases more rapidly than the coastal areas. This is why the starting price is higher but there is still plenty of room for growth.
Property Abroad have dozens of investment properties in Romania, find out more by visiting the site.
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