Romania set to attract investors
Romania looks set to attract considerable interest from foreign property buyers this year, experts believe.
Research from the Homebuyer and Property Investor Show found that the eastern European country is likely to see considerable growth this year.
Although Romania is a member of the European Union, it is still considered an emerging market as it has been largely untapped.
However, property prices have started to rise considerably since its accession at the beginning of last year, creating a number of investment opportunities as a result.
The research stated that foreign property buyers could potentially snap up a two-bedroom apartment in a popular tourist hotspot for about £100,000.
This, it stated, is about 40% less than the price of a comparable property in other parts of eastern Europe.
In addition, experts predicted that Romania's housing market could see growth of up to 25% during 2008.
According to the Telegraph, house prices in the country's capital Bucharest rose by 27% during the first 6 months of its euro membership.
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