Many parts of Romania are now undergoing a frenzy of real estate construction. Since EU membership, an immense demand has fast emerged for quality properties in both the commercial and residential sectors.
Romania joins the rest of the world in experiencing a slowdown in its real estate market; however, it still offers property buyers a relatively positive outlook. Romania is settling into its EU status, implementing further changes to its infrastructure and looking forward to a standard of living comparable with that of Western European states.
As standards within the country improve, the population is becoming better qualified, with higher wages and greater expectations. The nation is attracting unprecedented economic activity and investment from overseas, making for higher standards of living and, despite current inflation, many Romanians now regard property ownership as an attainable goal.
Overseas buyers have been focusing on the capital city of Bucharest. Ever increasing tourism and an influx of foreign direct investment from relocating multinational companies combine to provide opportunities for all types of investors.
The benefits of investing in highly affordable European property are further boosted by increased buying power that the exchange rate with the Romanian leu (RON) now provides. Shrewd property investors are identifying areas of high demand and short supply, buying now with a view to obtaining strong rental yields and capital appreciation over time.