Romania's entry into the European Union in January 2007 has brought new investment opportunities for savvy buyers. Romania is receiving a lot of attention from property speculators and with good reason. The impact on the property market through subsidies and direct foreign investment linked to EU membership is expected to be massive.
Property Prices Quadruple in 10 Years
According to a report by investment experts Obelisk International, house prices in Romania will most likely quadruple over the next 10 years. Property prices have, over the past four years, already risen by some 25%. Even so, by Western standards prices are still very inexpensive.
Investment Opportunities, Brasov, Kluj-Napoca and Constanta
Initially, the hotspot for property purchase was the capital city of Bucharest, but now new locations are attracting more and more overseas investment. The unspoilt countryside of Transylvania is the country's biggest tourist asset and this region is expected to attract foreign money with speculators avidly seeking investment opportunities.
