Romania property investment

-

People wanting to make maximum returns on a property investment abroad should head to Romania, it has been claimed.

House prices in the country are expected to soar four-fold over the next 10 years as Romania's economy benefits from its entry into the European Union in 2007, according to Channel 4 programme A Place In The Sun.

It has put Romania at the top of its list of the 20 best places in Europe to make money on property in the coming decade.

It said house prices in the country currently average just £17,000, but predicts £100,000 invested now could be worth £514,000 in 10 years time due to the impact EU membership is expected to have on the property market.

Anybody who bought property before the country joined the EU was likely to be in a very strong position as hoards of investors were expected from 2007, it added.

Poland, not the most obvious destination to buy a second property abroad, was named second on the list.

But the programme expects £100,000 invested there now to be worth £493,000 in 10 years time as the current transformation Poland is undergoing continues, with increased levels of investment from foreign firms creating more jobs and stoking the property market.

More here.

Comments

Post a Comment

Popular posts from this blog

Never a Better Time to Buy Abroad

-
Image
Buying properties abroad can be nerve-wracking, especially in today’s economic climate. The fact that you will be dealing with a wholly different market from the UK, and you have little interaction or immersion with different areas, can make selecting and committing money to a property incredibly daunting. Now is the best time to start considering making an investment in holiday property though. The Great British Pound is slowly growing in strength against the Euro, in fact buyers can expect to buy 25% more Euros per pound than they could three years ago, when the exchange rate was almost equal. It means that you get a lot more for your money. This is coupled with a housing crash in many European countries. Spain in particular is a hotspot for those looking to purchase a holiday home. Due to the severe economic downturn in the country, house prices have plummeted, with some Spanish banks offering some properties discounted up to 70% against their 2008 price. Head of Savills ...
Read more

Got a Holiday Flat or House in London or Weymouth?

-
Image
If you have a Holiday flat or house in London, this could be the right moment to make some extra cash. With the Olympic Games starting the 27 th July and ending the 12 th august 2012, many visitors are looking for a place to stay. Especially if you are close to the Olympic Games complex (Stratford), this could be quite profitable. The overall market prices in London have already risen by 16% from 2011 to 2012 according to some Real Estate Agencies . House prices have risen by 1.4% since 2010  in almost all areas of England.
Read more