Two strategies for property investors in Roaring Romania
7th August 2008
By Robin Bowman
The Romanian property market is in stall mode in some locations, most notably Bucharest.
This leaves two strategies for investors who accept the longer-term arguments for investing in this large CEE market, which has huge potential for economic and property price growth.
- One - forecast when the second phase of accelerated growth will arrive in established property markets.
- Two - search out third-tier locations where property prices have not yet taken off.
Sounds easy, perhaps. But putting either strategy into action is a little harder, and is all about timing.
We know that CEE property markets that boom - like Bucharest, like Warsaw before it and like Prague before that - grow fast and fairly rapidly reach an affordability ceiling. However fast salaries are rising, however low mortgage rate might be, there comes a point where demand will push up property prices to a level that is unsustainable, or unaffordable.
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