Romania » Market Report

The Romanian property market is providing opportunities for capital growth that are matchless throughout Europe.

The country has constantly improved its political stability since 2000 and build up its relationships with both European and US administrations. Romania's economy has recently been upgraded to investment grade by Fitch. The Romanian currency has been appreciating against US Dollar, Euro and Pound, providing additional growth potential for investors in Romanian property assets.

The residential market has seen the first signs of interest from specialized developers looking for large scale developments that will have an impact on the medium and high end markets. As residential prices are still low compared to the region, this sector has probably the biggest opportunity in terms of future growth and development. Prime residential property in Bucharest is very much dependent upon location.

The retail market has a big potential, since all the big retail chains present on the national market publicized their plans of growth in Bucharest and throughout the country. Owing it to its stage of development, the Bucharest retail market represents a good opportunity for chains of supermarkets/wholesalers and discount stores. Romania also has a series of benefits for people looking for holiday-lets and second homes, with beaches on the Black Sea to international quality ski resorts. With residential properties sold for $1,200 per sq.meter and more in some areas of the capital city of Bucharest and prices jumping enormously since early 2000s, Romania looks much better than during the 1990s.

International Property Brokers forecasts that Romania market is booming now and this process of growth will carry on. Annual grown rate of Romanian economy is 27.5 percent for next 10 years.  This economic boom is due to the close economic integration with western countries of the world. Other important reasons behind that economy boom are as follows. Economy of the Romania is in very early days of growth and recovering. Foreign companies are already investing in Romania. Romania is now a member of European Union. This is a most important point for investing in Romania.  The capitalists can get a huge investment outcome due to the membership of Romania in European Union. Very low cost labour is available in the country which is also a plus point for investing in Romania.