Romania’s roaring ‘renaissance’

Romania is the fastest growing market in Europe, claims Property Secrets…

For a start, the Country does not seem to have been affected by the current credit crunch; the economy is booming, property prices are rising significantly and rental demand is also on the increase.

Romania is consistently mentioned in every investment magazine and newspaper and really is one of the top global investment hotspots right now. All these massive votes of confidence and declarations of intent to invest huge amounts of capital are despite and since the credit crunch and fears about a period of economic downturn.

An interview with one of the founders of the Washington-based D4 Investments, Don Rosacker, on Romania this month in Commercial Property News, stated: “They’re (Romania) booming. The money is pouring in because it’s the right time, there is a need for growth and infrastructure. They’ve got strong leadership from the government.

“The leadership (the prime minister) has been very pro-growth. They’re stepping up. The economy is moving forward and doing well. That’s part of the reason we are stepping in.”

“We’re looking across the country, within Bucharest and literally to the borders. We’ve toured the country and see different things that look exciting. We’ve looked at different properties that might need demolition or environmental cleanup that can be repositioned into different industrial and commercial uses.”