Romania Becoming more Popular with Investors

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British investors are increasingly choosing to invest in the Romanian property market, according to new research, cited by ready2invest.co.uk.

A study by Currencies Direct found that the country was growing in popularity alongside other emerging markets, partly due to recent economic growth.

The organization also highlighted the relatively low property prices and infrastructure improvements as other factors that had drawn investors to the market. Commenting on the findings, Mark O’Sullivan from Currencies Direct said that Romania’s recent accession to the EU had also encouraged people to consider it as an investment opportunity.

Speaking to What Investment, he added that the possibility of an economic boom in the next few years highly likely. Figures from Currencies Direct showed that between 1997 and 2005, the country has seen a significant drop in interest rates and consistent growth in house prices. According to World Investment Services, emerging markets in eastern Europe could be potentially lucrative for overseas property buyers.

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