Roaming in Romania
16th May 2004 |


Summer Sun


Houses in Brasov combine austere Saxon architecture with more elaborate Romanian styles and large gardens, which benefit from almost uninterrupted summer sunshine.

Its rural culture makes it unique and it is far enough from Western Europe to make it completely different, but is still easily accessible.

Many property investors are comparing the country with the Spain of 20 years ago.

Property Cheap


And they're right. It is very cheap and very close - but as yet undiscovered.

Now is the time to buy before it becomes the Spain of now, where it is still possible to make a profit but such gains will inevitably be more muted.

A well-built village house with running water, electricity and telephone can cost as little as 15,000 pounds. Municipal taxes and utility bills will add around 1,000 per year to your costs.

Huge Price Rises Predicted


Romania is moving towards EU accession in 2007 when it is being predicted prices could rise by as much as 50 per cent.

Foreigners cannot own land in Romania at the moment, which has deterred less adventurous investors. But this will soon be changed as part of the country’s bid to become a full member of the EU.

Browse these related topics:
Romania Property
Share

My Opinion

Did you find this article interesting and useful?

Blogs

Overseas Mortgage Finder | Posted 31 May 11
By Geoff Simmonds

More from PS blogs ...

Overseas Mortgage Finder | Posted 11 May 11
By Geoff Simmonds

PSonProperty | Posted 14 Nov 08
By Robin Bowman

Finance Watch | Posted 03 Nov 08
By Deborah Le Goff
OFT

Home improvement and car purchase loans. Apply online today!

Advertise with Property Secrets
Propertysecrets.net ltd, White House, Clarenden Street, Nottingham, NG1 5GF, (tel): 0115 985 3963
Email  
Password  
Lost
password?
Enter your email address to receive our newsletter & get 7 FATAL MISTAKES TO AVOID absolutely FREE!   
Email: