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Bucharest real estate

          Bucharest is the main city in Romania's real estate market. The capital of Romania is a place where it is worth to invest or start a business. The recent development of Bucharest from the economical point of view and the constant need for all kinds of accommodation has helped the Bucharest real estate market to enter into a boom period. Bucharest banks and their increasingly attracting mortgage offers help the rise of prices in real estate. There are plenty of examples of even 5-6 times value growth for an apartment in Bucharest.

 

          The Bucharest property market has provided many opportunities for capital growth, especially in the residential and industrial areas, which are unmatched throughout Europe. Many of the investors that bought land and houses in the past ten years have yielded unimaginable profits because the value of their property rose in some cases more than ten times since 1990-1993. Although these fantastic growth rates are no longer possible, investing in real estate in Bucharest is still regarded as one of the most profitable investments in the continent.

 

With industrial property developing for transnational companies, the explosive growth of the economy and the constant need for residential places, the Bucharest industrial property market is also very profitable.

 

          Since the beginning of 2005, the Romanian Leu (RON, previously named ROL) has been going up against the US Dollar, the Euro and the British Pound. This was one of the additional growth potential for the ones that wanted to invest in Bucharest real estate. 2006 has brought the Bucharest real estate market a sound profit. All types of property are now looked for with high interest among the international real estate investors. Land, residential space and commercial premises are equally wanted and the Bucharest real estate is facing a real challenge.

 

          The perspective of Romania joining the European Union in 2007 makes Bucharest real estate investments even more attractive. The analysts appreciate that the value of Bucharest real estate properties will rise considerably in the next few years. So, if you want to buy property in Bucharest now is the perfect time to purchase any kind of real estate from flats or studios to land or villas in and outside of the city centre.