Romania Tipped as Property Hotspots

Romania Tipped as Property Hotspots

According to the organizers of the Homebuyer and Property Investor Show, Romania and the southern Alps are likely to become the next overseas property investment hotspots, reported Homemove.

The organization is forecasting that both regions will see highly competitive growth in the coming months, with rises of between 15% and 25% during 2008.

Last year Romania joined the European Union and average property prices have begun to increase since, although the country still qualifies as an emerging market. A spacious two-bedroom apartment in a popular tourist resort costs around £100,000, or 40% less than in some comparable eastern European destinations.

Ryanair is launching flights to Arad, in the west of Romania, and the ancient city of Constanta in the near future, and Ben Mason of overseas property agent Someplace Else comments: “We have seen the huge impact the presence of low-cost airlines has had on other eastern European countries, and Romania is set to follow this trend.”

The southern Alps region is also expected to benefit from the expansion of low cost airlines; Easyjet launched a new route to Grenoble late last year.

The 2008 Homebuyer and Property Investor Show will be held at ExCeL London on 7th, 8th and 9th March.

The event will feature property and property-related services from approximately 250 exhibitors, including major house builders, developers, estate agents, lenders, brokers, property investment training companies, landlord associations and other leading property experts.

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