Massive Potential to Profit from Real Estate Investment in Romania
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!