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Where is Romania? |
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Romania lies between the Ukraine and the Balkans in Eastern
Europe. Hungary is to the west, Serbia and Bulgaria to the
south & Ukraine to the north. The capital, Bucharest is
located in the south east 60 km, north of Bulgaria and 180
km from Black Sea coast.
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How do I fly to Romania? |
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From the UK, numerous airlines including BA & KLM offer direct
flights to Bucharest. Prices start at £175 and flights times
are 3 hrs. |
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Why consider a property investment
in Romania? |
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- Property prices are below other European levels
(circa 50% of property prices in Bulgaria)
- Property prices are growing at an average of 25% since 2003
- Romania possesses a low and decreasing inflationary regime,
stable
currency (fully denominated after 1st July 2005), liberalised
financial markets stimulating a trend in western companies
to relocate to Romania. In 2005 ,Standard and Poor increased
the sovereign debt rating of Romania to BB+ (from BB). Romania
is on target to join the EU in 2007.
[View
Economic Figures & Outlook]
- Growth in Tourism - the
World Travel and Tourism Council (WTTC) predicts
Romania to be the 4th fastest growing tourism
sector
in the world with a growth projection of 7.9% per year
from 2007-2016
- Romania is a beautiful country of dramatic mountains
and rolling hills, fertile plains, rivers and lakes
- Romania’s
Black Sea coast, stretching over 200 km provides clean sandy
beaches with minimal tides – ideal for young
children
- The climate is temperate with four distinct seasons.
Temperatures in the summer average over 70°F with July & August
peaking at 79 °F
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View our selection of Property
Investments in Romania |
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Where should I invest? |
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The main areas experiencing investor demand
are the capital, Bucharest, the resorts along the Black
Sea Coast and the mountains regions of Banat and Transylvania.
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Learn more on Banat Black
Sea Coast Bucharest Transylvania |
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How
is the politcial and economic situation? |
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Since the downfall of communism in 1989,
Romania has built a democratic government. The current
government
is a coalition formed around the Justice
and Truth (DA) alliance under Prime Minister Calin
Popescu-Tariceanu and the Democratic Party (PD)under
Emil Boc.
Successive recent governments have worked the international
community to produce respectable macro indicators (see
table right). Please note - the fall in GDP growth
in 2005 was largely due to devasting floods causing
damage in agriculture. |
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| Economic Indicators |
22002 |
2003 |
2004 |
2005 |
2006* |
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GDP Growth (real)
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4.9 |
4.9 |
7.5 |
4.1 |
4.5 |
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Nominal GDP USD BN
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45.7 |
57.0 |
72.3 |
94.1 |
103.7 |
| Unemployment (%) |
10.0 |
7.6 |
8.7 |
7.8 |
7.5 |
| CPI (Avg) |
22.5 |
15.3 |
11.9 |
8.7 |
6.6 |
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What do the
analysts say? |
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‘Romania is
set to be the rising star of 2006. Its fledgling property market
is well
worth investigating, before it really takes off.’ - A
Place in the Sun, Channel 4
‘As residential prices are still low
compared to the region, this sector has probably the biggest
opportunity in terms of future growth and development.’ -
Colliers
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View our selection of Property
Investments in Romania |
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What taxes
do I pay during purchase, rental and sale? |
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Click
here to learn more about:
- Foreign Ownership
- Costs of Purchase
- Income Tax from rental income
- Property Tax
- Capital Gains Tax
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