Investing in Overseas Property? - Choose Romania

With the entry of Romania into the European Union, great strides have been made in the country’s economic and social development. Following three years of severe recession after the end of the soviet controlled dictatorship, Romania has emerged as a modern European country showing real promise for the future. Romania has progressed to the extent that its natural beauty is only now being fully appreciated, leading to it becoming a popular tourist destination. In fact, tourism is one of the most dynamic and fastest developing sectors of the Romanian economy, and according to the World Travel and Tourism Council Romania, it’s the fourth fastest growing country in the world in terms of travel and tourism total demand, with an estimated increase of 8% every year. This makes it the ideal time to invest in real estate, as Romania property markets are predicted to experience a boom in the years to come.

The cosmopolitan city of Bucharest was of course the first Romania property market to truly capitalize on these facts and receive an influx of overseas property investment, and it’s not difficult to see why - it’s wide tree lined boulevards are surrounded by sumptuous architecture reflecting the rich and diverse history. There is also a significant cultural scene ranging from music festivals to world-class museums, and an astounding selection of trendy restaurants, bars, theaters and galleries. A thriving café culture has flourished recently, and Bucharest plays host to a variety of internationally renowned artists and musicians for exhibitions and performances.

Following on from the increasing growth of Bucharest, other areas are now attracting more and more foreign real estate investment away from the Romanian capital. Of these new opportunities it’s the Black Sea coast that has proven to be the most appealing Romania property market for overseas investors. Already a considerable tourist magnet, the further development of the area and expansive plans for the future suggests almost limitless potential for growth, further emphasized through the creation of a low-cost air route to the area. The combination of modern resorts, a wealth of historical sites and monuments (including Greek, Roman, Macedonian and Turkish), plus miles of sandy beaches and a warm climate, make the Black Sea Coast an irresistible choice for any modern tourist.

For information on investing in the vibrant Romania property market, visit Homes in Romania, and find out how you could invest in property that offers unparalleled returns in the future, excellent opportunities for holiday rental, and a chance to see and participate in a country’s budding prosperity.

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