Investors in Romania land and property need to buy in the right location. Below is a guide to Romania, including the capital where the Bucharest real estate market is currently bullish and the city of Cluj-Napoca where investors in new Romania development have plenty of choice.
Bucharest is an attractive and dynamic city – the capital currently generates around 20% of Romania’s GDP and is the hub of multinational investment in the country. Demand for Bucharest property is high, both as buy-to-let and permanent accommodation such as a Bucharest apartment, and the city has plenty to offer the visitor and resident. A guide to Romania also includes Cluj-Napoca, a city in north west Romania, recently identified by the Financial Times as the latest hot investment project. New Cluj-Napoca construction is available as well as resale property.
Cluj-Napoca is situated in north west Romania in the Transylvanian region and is the third largest city in Romania. A report in the Financial Times in March 2008 highlights Cluj-Napoca as the latest hot investment prospect.
Cluj-Napoca is home to more than 100,000 students spread over 10 universities, resulting in a highly qualified and skilled workforce - an attractive prospect for employers. Much of the software and IT activity in Romania is concentrated in Cluj, making it a major European IT centre. The American online magazine, Information Week, calls the city Romania's technopolis and it is fast becoming the Silicon Valley of Eastern Europe.
Elsewhere, a guide to Romania takes in stunning natural parks, the Danube Delta and the great Carpathian Mountains. Romania’s landscape is dotted with magnificent castles and medieval towns, and on the Black Sea Coast, resorts boast sandy beaches backed by vineyards. Here, the pleasant summer season runs from May to October, adding buy-to-let potential to Romanian real estate in the region. Other Romania highlights include the cities of Arad, Brasov and Cluj.
Even a brief guide to Romania makes it obvious that throughout this varied country the investor will find a wealth of opportunities to buy Romania land and property. Not only does Romania rank among the world’s fastest-growing tourist destinations, but it also offers a prime area for investment in property. For further information and a complete Romania Property Investment Guide, click here.
