Off Plan Property in Romania

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Off Plan Property in Romania

Romania property investment is currently considered one of the best global options within an overseas property portfolio. With 2006 property prices set to quadruple within a decade, Romania property investment – particularly Bucharest property – offers exceptional value. In addition, buy-to-let Romania real estate has high potential for rental yields. Romania is a fast growing tourist destination and its wide-ranging choice of holiday options mean it is set to become a firm favourite with holidaymakers. This enhances the opportunities for investment in Romania property, particularly in Romania Black Sea resorts and Bucharest

Romania was named by the Telegraph recently as the number one country in which to make money from real estate as property prices in Romania are rising quickly but still remain cheap by Western standards.

Investment Property Hot Spots in Romania

Without any doubt the best Romanian investment opportunity can be found in Cluj-Napoca. Our featured development Fontana Residence project is worth looking at.

The arrival of Nokia and General Motors in Cluj will create over 30,000 new jobs and another €33 million of government investment in infrastructure. The creation of 30,000+ jobs in Cluj creates a massive opportunity for quality buy to let property investment. READ MORE.

Why Buy Off Plan Property in Romania

• Attractive low prices of properties in Romania Despite the continuous rise of the prices of real estate properties, the market in Romania offers still the most attractive investment opportunities among all other countries in the EU. Statistics for the last two years show that prices for both land and homes have doubled in some areas and specialists assume the market will follow the same course in the next five to ten years.
• The European integration of Romania Romania became a full member of NATO in 2004 and joined the European Union on January 1st 2007. The country will also introduce the euro as an official currency. This major change will inevitably lead to a comparative "evening out" of prices in Romania compared to the rest of the European countries. People who have invested in Romania, especially the ones who have made investments in real estate, will benefit from the significant increase of the real estate prices and collect good profit if they decide to sell their properties.
• Attractive tourist destination Romania is increasingly becoming known and praised as a tourist destination. The interest in Romania by foreigners continuously rises, especially in the last few years when certain important socio-economic and political changes were made. Most of Romania's famous winter and summer tourist destinations offer facilities to European and international standards.
• Location Bucharest is only 3 hours away from London by air. The transport infrastructure is developing rapidly: the opening of new airports and the improvement of the road network is helped notably by European subventions and will have a strong impact on the property investment in Romania. Wizzair has opened an new line between London Luton and Bucharest which will help investors travel to Transylvania.
• Foreign companies are already investing 2007 saw the highest foreign investment level ever and this trend continues. A rise in direct foreign investment allows more jobs to be created, increases transfer of technology and offers training to the labour force. Further more it results in a greater competitiveness on the international market, influences a rise in exports and encourages businesses to produce results that can be subject to profit taxes. With an increase in profit taxes reinvestment in infrastructure projects, education, health-care and other social programs can be carried out.
• Healthy climate Visitors do not experience any acclimatization difficulties when they travel to Romania. There are more than 300 sunny days per year throughout the country. The average temperature from April throughout September is 23C.
• Traditions and food Romania is a country with thousands of years of history, an heir to ancient cultures. It is famous with its rich historical, archaeological and architectural heritage, which includes village mounds, fortress cities, incredible architectural and sculptural works, many monasteries and villages with unique architecture. Romanian cooking is rich, tasty and substantial, as befits a country were all food is still naturally grown and where fruits and vegetables follow their normal season.

8gentoffplan.com is the new off plan property listing portal of 8gent real estate Ltd allowing holiday home buyers and property investors to find pre-construction / off plan property and new developments in Romania and establish direct contact with developers and promoters, not only in Romania but in all corners of the globe.

All property developers and promoters on our Romanian off plan property directory are keen to assist you in the purchase of your new apartment, villa or townhouse in Romania. All off plan property advertisers are members of 8gentconnect.com™, an international network of real estate agents & property rental companies.

If you don't find your ideal Romanian off plan property on our database and wish to get in contact with local estate agents in Romania, please visit http://www.8gentdirectory.com, the largest global directory of independent estate agents.

For ready built holiday homes and second hand property for sale in Romania visit our sister site of 8gentproperty.com™