INVESTMENT PROPERTY IN ROMANIA FROM 67 426 💷 GBP
- Location:
- ROMANIA
- Category:
- INVESTMENT PROPERTY
- Type:
- Development Land
- Beds:
- -
- Currency:
- £ GBP
- Prices:
- -
- Results:
- 1 listings
Yield:
Contract Term:
Finance:
Opportunity: This is a great investment opportunity to purchase a plot of land that has been in the same family for the past 3 generations. It has a total area of 5,135 m2 (lot 2) of what was 10,276 m2, (lot 1) has already been sold to a local builder.
Studio - Land Investment
Invest From: £67,426
Berceni, Bucharest, Romania
Land InvestmentBrowse investment property in Romania - invest in real estate from 67 426 💷 GBP on TheMoveChannel.com.
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 v 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.
Development land has the potential for developing real estate on a larger scale than an individual building plot. Planning permission may already be in place for a project, such as a resort, a community of residential properties or commercial real estate, or the land may require further investment and promotion in order to start development.
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 v 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.
Development land has the potential for developing real estate on a larger scale than an individual building plot. Planning permission may already be in place for a project, such as a resort, a community of residential properties or commercial real estate, or the land may require further investment and promotion in order to start development.