click the pictures for more information
information on property investment opportunities in romania
visit the English Estates Romania Site for Caras Severin and Caransebes
or English Estates Romania National Properties
A great source of information about all types of property investment in romania
So How to Invest and in what to Invest
That may sound an easy question and for most the quick
answer is land and property. Sure these are great investments right now, as
anywhere in the world land normally appreciates in value, here in Romania at an
alarming rate delloite and touche a year ago issued a report which I read that
said land here was increasing in value over a year at 400%, I am still trying to
find it again but the report was issued by the timisoara office I think. I must
find it to put a reference here.
very simple information, like classifieds and local
advertising as well as seeing some of the properties on offer locally is
easy to find when you actually get here you may see things not available on the
web
There are many
web sites offering Romanian real estate property and land, some at some huge
prices but this does depend on town area and type of property as well as
agents commissions.
However most of what I see on the web is partly realistic, although it’s a good starting point its maybe not the best way to find an investment opportunity if you cant afford to take a big gamble. we provide on here details of land and property but strongly advise a viewing trip first before making any further decisions especially if you want to consider coming to live in romania
Corporate investors will do their own detailed research and
can afford to, others with smaller funds will turn to the internet, such as
those seeking holiday homes abroad, or those looking for smaller investments for
the short to medium term in may be land or houses or holiday lets.
I only have some words of caution and advice for those wishing to come to Romania with a land or property purchase in mind, don’t buy the first thing you are shown, the price you will be told will be at least one third more than if not double its true value, everything is negotiable. Your new friend is earning from this sale. we will tell you before if we will earn a commission from one of our advertised properties
What you see may not actually belong to the person selling it; it can be a long legal process to find this out for sure. Pay nothing as a deposit in cash no matter how much pressure you are under, chances of getting it back are nil, and the sale could still fall through.
you may have to pay some search fees but check these out with government approved agencies before you come so that you have an idea how much to expect. These are normally non refundable same as the UK.
Once you know who owns the land all the family members with
a legal interest in the land or property must agree to the sale. A bit like a
will that’s laid down in law before you die. The registered owner of the land
normally consists of several family members who have all registered their
interests in law.
Getting
to the land or property
For holiday homes its very important, at present most of the
corporate money is going into places like the major cities, the smaller cities
have yet to see much of this although it has started due to the lower prices and
the lack of available opportunities left in the big cities.
The only down side to the smaller cities is the airport
links, and distances by road are long between cities. Transport to places like
Brasov is fairly well organised, as well as the larger tourist cities like Sibu,
Cluj and Bucharest. There are a lot of plans to improve travel links and these
will be more rapid as the euro thinking etc has now hit home here. The majority
of the major road routes have seen good improvements over the last year or so,
thus a car journey of a few hours is not so bad as it used to be. The internal
flights are good and run frequently most major cities have an airport; some are
international like Cluj Napoca. Within around 3 to 4 hrs from London you could
be in most places in Romania
Many Italians have invested in Timisoara so much so you can get some fine Italian food there, and the nightlife is good too being a major university town.
Timisoara boasts an international flavour; it also has what is purported to be the largest shopping mall in Europe the Ilulius Mall.
Flights to Timisoara are available from Bucharest about 45 minutes transfer time. Also they have some international routes to timisoara.rumour has it that Carpatair will soon be offering a direct flight to timsoara from london stanstead in the early months of 2007
Easy jet were looking at Romania I believe along with some other low cost airlines, Timisoara could be a place they would go to? If that were the case then it would open up a whole new set of opportunities in the Banat region including Caras Severin particularly for those who have already invested here
