Overview of Romania

On this page you will find links to details of Romania holiday homes for sale and Romania rental accommodation. Romania has been tipped as a top place for investors to acquire property at bargain prices. Although prices have increased quite considerably in recent years, they are still relatively cheap compared to other European countries. Romania in line with many other European countries, can suffer from severe flooding and has been known to experience the odd earthquake. In 2007, Romania became a member of the European Union and the president of Romania stated that "EU entry was an "enormous chance for future generations". Certainly, investors from outside of the country have been pouring money in to buy property which is still considered very cheap. The infrastructure of the country is improving rapidly and Romania is is one of the most stable and prosperous states of central Europe. The economy is growing at steady pace and according to a recent World Bank Study, Bucharest, the capital city is set to double its population in the next ten years to in excess of 4 million persons. This creates good opportunities for property investors looking for long term rental options. Among the places that are attracting a lot of growth at the moment are the following; Bucharest, Ploiesti, Constanta, Cluj, Oradea, Brasov, and Timisoara. The process of buying a property in Romania is still a little complicated but it is hoped that in time this will change. Foreigners are not permitted to buy land in the country and thus, unless you are buying anything other than an apartment, you need to set up a limited company ( In Romania) to get around the problem of actually owing the land that your building stands on.