Investors are tipped to attempt Romania rather of Spain this year by property experts – according to real estate search engine network Moveworldwide.
Schoenherr Lawyers highlighted much less established markets, like Bulgaria and Romania, at the IPD/Property Investor Central Europe and Eastern Europe Conference last week, noting that banks have huge genuine estate portfolios to sell.
Rates will fall, predicted the lawyers, generating the Romanian marketplace additional appealing to Western Europe’s additional familiar options.
“It really is going to be really dynamic and volatile, a especially exciting investor atmosphere,” partner Denise Hamer commented.
Office properties in Bucharest were also highlighted by an Austrian firm, reports Property Showrooms, following high demand for a new shopping mall in Ploisesti announced final month.
Source: http://www.moveworldwide.net/blog/landforsaleinspain/2012/05/09/forget-spain-go-to-romania-say-professionals/