Bucharest Property
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Property in Bucharest

 

Regarded as the ‘rising star of 2006’ (Channel 4’s ‘A Place in the Sun’), Romanian property is beginning to attract overseas investors in large numbers. Bucharest, is leading the property growth with appreciation of 50% since 2003 (source: Invest East).

As capital city, it is benefiting most from Romania’s average annual GDP growth of 5.2% since 2002 and Foreign Direct Investment (FDI) in 2004 of over € 3.5bn. Moreover, most analysts agree that the predicted entry into the EU (in 2007/8) will accelerate economic growth. These factors, coupled with the wide selection of real estate options have created an excellent investment opportunity for property in Bucharest.

Bucharest Property

Sunshine Estates work with local agents and developers in order to provide a wide choice of commercial and residential investment options:

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About Bucharest
 

Bucharest is located in the south east of Romania near the Bulgarian border [view map]. Its benefits from a strategic location between Europe, the Middle East & Asia. Moreover, it is just a 2 hours drive from the Carpathian Mountains in the north and the beaches of the Black Sea to the east.

Bucharest is the driving force of the Romanian economy, creating circa one fifth of the country’s GDP with just 10% of the population. Per-capita GDP has grown to nearly 60% of the EU average at over $20,000.

The architecture of the city varies between the medieval, communist and modern, with many skyscrapers built since 2000. The traditional architecture has won Bucharest the name of the "Paris of the East".

The city is built upon the banks of the River Dambovita, a tributary of the Danube. It is also home to a number of lakes including Floreasca, Tei, Colentina and Cismigiu. The latter is surrounded by the Herastrau Park and Botanical Gardens.

The city boasts an excellent infrastructure with comprehensive bus, tram and rail services. The city also possesses 2 airports - Henri Coanda International Airport and Aurel Vlaicu International Airport. The latter provides low cost flights from numerous carriers in Europe and the UK.

Bucharest can be warm in the summer with daily temperatures averaging 22 °C (72 °F) between June and August. Expect snow in the winter with temperatures dropping below zero in December and January.

 

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