| Bucharest is currently undergoing the biggest | | | | with a view to making impressive returns. |
| property boom in Eastern Europe. The capital | | | | The East side of Bucharest is currently undergoing |
| appreciation here is in everybody's mouth. What | | | | an unprecedented growth due to the strong need |
| we can be sure of is that the demand for good | | | | of good quality residential projects. |
| quality, modern accommodation is driving prices | | | | Romania has experienced nearly half a century of |
| fast. New developments are usually sold out 12 to | | | | communism. Most of the developments during |
| 18 months before completion. | | | | that time were very identical buildings on the |
| Although property prices are rising quickly, they | | | | outskirts of the main cities of Romania. |
| remain cheap by Western standards. | | | | The quality of the existing buildings is usually poor, |
| Romania’s metropolitan zones offer | | | | the plumbing and the electricity are often |
| excellent opportunities for real estate investors. | | | | defective in the communist buildings, not to |
| Bucharest is the economic hub of the country, | | | | mention the over-reliance on a unique lift per |
| generating around a fifth of the country’s | | | | building which might not be in working order... |
| GDP. Investors wishing to capitalise on the | | | | The need for new-built developments is |
| buy-to-let market currently have a choice of | | | | extremely strong in the Bucharest area. The |
| locations where they can purchase Romanian | | | | young generation as well as the middle- and |
| property at favourable prices, even compared to | | | | upper- class markets are looking to relocate in |
| the other Eastern European emerging markets, | | | | off-plan apartments in and around Bucharest. |