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Romania will join the EU in 2007 and therefore the property market becomes more and more popular with foreign investors. Especially if you purchase property now, you will profit from the immense increase of the property prices on a long term. A test that has been made by a TV Channel about one year ago reported that investing in Romania at the moment will give you an amazing 414 % in return during the next decade.
There are several regions in Romania that are preferred by foreign investors. The main area in which British and other nationalities can be found is the capital of the country, Bucharest as well as some surrounding towns like Clui, Timisoara, Constanta or Sighisoara.
Also a very popular place to invest in property is the western part of Romania, which is also know as Transylvania. Due to its magnificent natural surroundings, the spectacular mountains, the varied wild life which includes many rare species of animals, the beautiful and traditional towns and villages, the extensive range of outdoor sports and of course the century long history make it not only to a great place for holiday makers but also for those who like to buy property in Romania.
Another part of the country which appeals to foreign investors is the Black Sea coast. As the facilities and beaches here cannot be compared to the ones in many other countries, it is not as popular with British expatriates as for example the Bulgarian coastal area. The majority of foreigners in this region are Russians and Eastern Europeans.
Depending on the location and condition of the apartment, you can already purchase property for as little as € 20.000. Townhouses with 4 bedrooms and two bathrooms are about € 40.000 and a luxury, spacious and completely furnished villa with 6 bedrooms, four bathrooms, a laundry room, balconies, parking spaces and much more can be found for only € 325.000. Again, by investing for example € 75.000 in property you can get € 450.000 or more in return |
