Why invest in Romanian property?
Romania has been long identified as one of the countries with the greatest investment potential in the world.
A recent report, sponsored by Channel 4's A Place in the Sun programme, identified the formerly communist state as the best place in the world to make money from property - basing its judgement on factors such as where house prices are undervalued and how much can be made from renting out a property.
The study claimed that prices in Romania are set to rise by 414 per cent over the coming years - fuelled by accession to the EU and a well-educated and upwardly mobile younger generation. Despite this properties can still be bought for very cheap prices - as low as £5,000 recently.
Analysts believe that Romania is set for future growth as it benefits from an education system that surpasses that found in any other eastern European country. This, allied with the fact that it is one of the most populous nations in the region with around 21 million consumers contained within its borders, means that multinational companies should soon move in.
Indeed, the accession of Romania to the EU has already resulted in some large corporate investment in sectors such as manufacturing and retail - with ongoing political and social reforms set to bolster wealth further.
Opportunities for investment in Romania are wide and diverse - with the best land and property options probably centring on the capital city Bucharest and second city Brasov.
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