Description of Romania
Romania’s natural beauty and colourful history have seen the nation enjoy a significant boom in tourism numbers over recent years, particularly in Transylvania and the resorts of the Black Sea. However, despite its growing economy and reputation as an up and coming player for Eastern Europe, the property market in Romania is anything but flourishing. House prices have been in a slow but steady state of decline since 2009 and new-build construction remains very limited. That being said, there’s much to be said for the 7 per cent rent yields possible in the capital Bucharest, long with much higher returns for short-term lets along the Black Sea coast. Poverty and government corruption aren’t nearly as problematic as they once were, but are yet to be fully eradicated.
Current Property Prices in Romania
How to Buy Overseas Property Safely
Key Facts:Currency: RON
Time Zone: EET (UTC+2)
Languages: Romanian language
GDP: $215.302 billion