Romania Property News

Romania is making its mark with all the right people and institutions. Standard & Poor, the financial evaluation agency, have recently upgraded Romania’s banking industry risk assessment profile, reflecting the healthy growth and profitability of the banking sector.

Prospective investors in Eastern Europe’s best kept secret - Romania - will find that obtaining a mortgage is a straightforward process, with a number of different mortgage options available through Obelisk Private Finance to residents and non-residents who buy property in Romania.

Obelisk Property Investment is pleased to announce the launch of the Fontana Residence, located in one of the world’s most dynamic investment destinations.

Validus is pleased to launch Stefanesti Village as the inaugural development in Romania. Since 2005 we’ve seen the the phenomenal progress that Czech Republic, Slovakia and Poland have made and now Romania has successfully joined the EU, it is sure to follow this proven path.

Bucharest is big business in Romania, but now other cities and towns are gradually emerging, demonstrating that there are more investment opportunities beyond the capital.

Due to simple economic and the rules of supply and demand, the Romanian property market is set to be utterly transformed in the next few months, which will result in a huge surge in price growth say investment experts Property Secrets.

Neil Lewis, CEO at Property Secrets, has set his fellow colleagues, Property Secrets’ members, and website blog readers a challenge - the challenge is to go in search of cities in Europe that have achieved a whopping 200% capital growth within a 5 year time frame, or alternatively, show the potential to achieve this within the next 5 years.

Westhill, a British provider of consulting and real estate development services, is set to invest 100m euros in the development of two retail projects, a mall and a retail park, in two Romanian cities.

Romania is a fast growing country which is attracting interest from UK investors keen to be on the first rung in a country with enormous capital growth potential.

Romania’s membership of the EU on the 1st January 2007 has opened doors for investors who might previously have been shy of dealing with a non-member state.

Want to know a secret? Romania, and in particular its Black Sea Coast, is the place to be this year– property investment wise. In a study carried out by Price Waterhouse Coopers and Channel 4 in 2006 Romania ranked the top property investment country in Europe for the next ten years, with a staggering 414% return on investment. That works out to a remarkable 17.8% annually.

The Romanian Buy-to-Let property market is becoming more appealing after figures by the International Marketing Research & Communication Group (IMRCG) has revealed that the number of Romanians taking holidays in their own country each year is increasing.

The potential of Romania’s property market may have gone unnoticed by UK investors but its progress since 2000 guarantees that this won’t be for much longer, comments Property Secrets CEO Neil Lewis.

Romania has a great deal to offer both culturally and panoramically and at this festive time of year, the Christmas scene would be fit to appear on any Romanian postcard. Tradition prevails at every village and town, with the community at the heart of every event.