Post# A300839



Romania is leading the way on the European property market (£192,000)

Posted on: Tuesday, 07 August, 2007  07:00
Updated On: Monday, 14 April, 2008  03:38
Expires On: Tuesday, 30 December, 2008  07:00
Reply to: (Not Shown)
Romania has emerged as Europe?s new economic hotspot. Low costs and proximity to Europe are driving surging investment; quaint old-Europe charm and beautiful mountain and coastal vistas are driving a tourism boom. With EU membership established and millions of Romanians seeking to move out of cramped accommodations left over from the stagnant past, demand for property will be strong for years to come. Novicio Estates is a development of 20 villas and 30 apartments in the prime tourist market of Prahova, only 57km from Bucharest. Prahova is set to experience the same sort of property boom that has already begun in Bucharest, where values of prime properties have gained up to 200% in the last 5 years. - Entry points as low as 6500 Euros - Bucharest is Europe?s #1 city for property investment potential (The Telegraph) - 8 out of 10 Romanians are planning to change residence in the next 5 years - Property markets are growing at 25% a year - Foreign direct investment is Europe?s highest - High rental yields Romania is Europe?s single strongest candidate for real estate profits, and the ideal entry point is now!

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