Emerging property markets that bear all the hallmarks of
future success are really quite hard to find. That is until
I looked at the case for Romania. It offers property
investors all the future capital growth they would want
from an emerging real estate market. But don't take my word
for it try following the multi nationals, they have all the
resources possible to select the best markets in which to
invest.
The car manufacture Ford recently invested in Romania by
officially taking control of Romania Automobile Company
Craiova, the former Daewoo operation. Fords commitment
includes plans to boost the plant's annual production
capacity to 300,000 units and double employment to 7,000.
Ford executives said the factory will assemble the Transit
Connectin 2009 and a new small car in 2010. John Fleming,
president and CEO of Ford of Europe, said the Transit
Connect, a compact commercial delivery vehicle, will go
into production in Craiova in mid-2009. The vehicle
currently is built only in Turkey, but Ford's assembly
operation there is at full capacity. Earlier this year,
Ford announced plans to begin marketing the Transit Connect
in the U.S. in summer 2009.
Romania is proving to be a safe place to invest with high
capital appreciation especially in the Bucharest area. The
property market which offers homes at very low prices has
in some areas of Romania seen bullish growth rates of 25%
to 30% p.a. for the last 3 years. Romania is currently
undergoing major infrastructural developments which will
see further capital growth all over the country.
Real estate agents and many pundits say that the growth
trend is expected to carry on for the next 5 years. Romania
joining the EU January 1st 2007 along with the development
of tourism on the Black Sea coast and in Transylvania, has
secured the regions future in the years to come. It will
have one of the fastest growing economies in Europe
The Super Highway between Constanta and Budapest which will
go through Bucharest and Brasov will be a critical element
in securing Brasov's role in Eastern Europe on a long-term
basis. Not to mention that low cost airlines fly to several
cities in Romania lead by Wizz Air and Easyjet.
British citizens are increasingly purchasing properties in
Romania either as investments or holiday homes.
Romanian property prices are very cheap in rural areas but
you need to be prepared to spend some time and to have
renovation expenditures for your property to achieve
British standards.
Mortgages are now available for foreigners. Should you wish
to buy a villa or a plot of land, you will need to set up a
company which is a very simple process - your estate agent
should assist you with it. Purchasing a new or off-plan
apartment can be carried out in your name without
necessarily requiring a company formation.
What is for sure Romania offers investors a one off
opportunity to enter a market in its infancy. Readers of my
articles will know that my firm belief is that profits are
not just made on sale but on the purchase price. This is
why Romania has a compelling case for overseas property
investment but you will need to get your skates on.
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Author Nicholas Marr has written numerous articles about
overseas property. His articles are based on his experience
of working with hundreds of international real estate
agents in his capacity as CEO of overseas property portal
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