Romania and, in particular, its magnificent capital Bucharest is a hot spot for real estate investors , this is why investing in Romania property will make you a fortune :
Romania joined the European Union on 1st January 2007.
Romania is set to enter the Euro 4 years later.
These 2 factors mean that Romania suddenly rejoins the world.
* Foreign investment will pour into Bucharest.
* Multinational companies will invest heavily in headquarters and offices in Bucharest.
* Infrastructure projects for developing and building new roads, transportation and amenities will receive massive injections of capital from the EU, 30 Billion euros to be exact from 2007-2013.
* Low cost airlines will inevitably begin flying to Romania, in particular, Bucharest, sometime in 2007.
* Tourism will begin to sore and is forecasted to grow by 7.4 a year for the next 10 years (Tourism Coucil).
* Wage inflation in Romania is growing at 13 a year and is only 10 compared to the EU average.
* GDP growth in Romania is averaging 6 a year.
* Romania has the highest FDI of all the new members on a per capita basis (1st 4 month 2006).
* Mortgage to GDP ratio in Romania is only 2 compared to EU average of 46.
* Romania has the lowest tax rate in the EU at 16, the same as Hong Kong.
* Bucharest is about to spend over 30 million euros renovating its Old Town.
* The Romania economy will be free to trade with the rest of the EU meaning massive export growth potential.
And the value of property in Romania, currently available for a very modest investment, will start to climb.
And they will go on climbing at 10, 15, 20, 30 or 40 a year, year after year, until they reach the levels of property prices in other European capitals.
There's no difference between Romania and, say, UK or Spain. It's just a matter of time until the market catches up.
And if you buy before the market begins to move, you'll benefit from every step of Romania's recovery.
In just a few years, you'll own high value properties, in a booming, major European capital.