Thanks Robin

Curiously enough, Romania GDP is seeing some upwards revisions as reported in yesterday's newspaper.

In essence, the Bank of Romaina now believes the countries GDP growth this year and next will remain above 6%.

I'm also getting some figures on smaller cities - such as Baia Mare - where the current GDP growth for the city is in excess of 7%.

Inflation is also present in Romania - but far less than that of Ukraine or Turkey.

From a property investor point of view the 'good inflation' of wage inflation is around 20%.

Lastly year though, teachers did particularly well with 40% increases - but from a very low base.

So, there is some structural re-adjustment of salaries - plus an average 20% per year growth.

As this feeds through into people's pockets over the years - this number will drive property price growth.

Cheers
Neil