Nicosia, Cyprus (PRWEB) November 8, 2006
Amberlamb reveals that investors seeking something more exciting than off plan property to flip have a wealth of untapped property investment potential in Romania.
In marked and direct contrast to the property market in Bulgaria, the real estate market in Romania has been little marketed, lesser explored and as a result it has been a slower burning opportunity for property investors meaning that unlike in Bulgaria there are currently no oversupply issues, and starting prices for commercial and residential real estate in Romania remain within easy reach for many international investors.
The down side to this lack of media focus and general investor curiosity in Romania - if there is one – is that property investors now aware of the wealth of potential for profit and capital growth available from Romanian property following the announcement that the nation will join the EU in 2007 are unsure about where to begin their search for potentially interesting and profitable opportunities.
Luckily for investors keen to ride the wave of capital appreciation potential and to tap into the longest potential period of growth in Romania, Amberlamb property investment experts have reviewed the property market in Romania and can reveal that there is an unrivalled wealth of potentially high returning property investment prospects across the nation in both the commercial and residential market sectors.
The commercial property marketplace in Romania is initially likely to benefit most from EU entry – as soon as Romania becomes a free market it will receive over eleven billion euros in funding and it is forecast that international firms will take advantage of the nation's low cost workforce and strategic location and use Romania as a near-shoring destination. Currently office space in Bucharest is strongly in demand with annual yields of 8% common, but following EU entry demand for office space is set to soar with supply of space strictly limited. This creates the perfect environment for leasing rates of existing space to shoot up, and it also creates a new opportunity for developers to construct purpose built commercial properties in the main cities in Romania.
Business tourism in Romania in 2006 is already up 35% on 2005's figures highlighting a growing trend in demand for apart-hotels and short term corporate let apartments of which supply is poor - and following September's confirmation that Romania will become a full member of the European Union in 2007 there has been a strong Chinese presence in the nation seeking out suitable retail, light industrial and warehousing commercial space highlighting yet another specific opportunity bubbling beneath Romania's commercial property market for profit exploration and exploitation.
On the local residential property side of things in Romania the President of the Cyprus-Romania Chamber of Commerce recently reported that the nation requires 30,000 new units for its citizens with only 15,000 in the pipeline - therefore buying to let, purchasing to renovate and flip or buying off plan and reselling on or before completion particularly in Bucharest are alternative options for the investor.
If these ideas are not of interest how about the fact that the ski resort of Brasov in Romania is being developed rapidly to compete with the likes of Bansko in Bulgaria and that it will even get its own airport by 2008 meaning that there is a brand new market for the fly to let investors in Romania as well?
Basically Romania just has so much going for it, and its property market presents an unrivaled wealth of potential right now for investors ready to act and who are determined to get into the nation's real estate market ahead of any surge that EU entry will bring.
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