According to a recent report released in the UK about which
European property markets have the greatest potential for growth
and profit over the coming decade, Romania topped the lot.
Romania, located in southeastern Europe, is a nation poised on
the brink of full European Union membership and one benefiting
from substantial foreign direct investment and economic
advancement as a result. According to the report these facts
mean that over the coming decade the housing market in Romania
will likely go from strength to strength and anyone who invests
before EU membership is cemented could net up to 400% profit on
their investment in the next ten years.
The report was based on an economic assessment and overview of
each country in Europe and included analysis of the room for
growth within each country's real estate sector. Because
property prices in Romania start from as little as twenty
thousand US dollars, the room for property price expansion is
clear. The low starting prices for real estate in Romania also
mean that its property sector is already attracting substantial
international real estate investor interest.
Investors from all backgrounds are attracted to Romania - those
with a small sum of money to invest are looking to make
immediate gains from buying apartments in Bucharest
pre-construction which can be purchased by stage payment and
profited from upon completion when investors are flipping the
real estate right back into the market. Those with more
substantial sums of money to invest are generally drawn to
either the commercial property sector in Bucharest or Romania's
burgeoning tourism market.
Opportunities in Romania's tourism market exist along the
country's stunning and as yet undeveloped 225km of Black Sea
coastline and also in Romania's quality but as yet little known
winter sport resorts. Accommodation in these locations is
required to let out to tourists and a growing number of British,
Russian and eastern European citizens are also seeking second
homes in these areas of Romania as well, with most preferring to
purchase established but well renovated properties.
Other opportunities exist in the form of fairytale properties
for sale in Transylvania with castles, medieval houses and
entire farms available for sale to overseas investors looking to
diversify their property portfolios and buy real estate in one
of the most stunningly beautiful, romantic and ancient European
countries.
If the real estate and economic expert analysis of Romania's
property market potential is correct, those who buy in Romania
today could be looking at the realization of 400% profit within
the next ten years - this means that someone who invests as
little as twenty thousand dollars today could potentially reap
sixty thousand dollars profit within ten years...now that's what
I call potential!
About the author:
Rhiannon Williamson writes about overseas real estate investment
and specialises in the analysis of property market trends and
opportunities in emerging markets. To read more information
about
property investment in Romania click here.
