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International Herald Tribune:

Romania's real estate market is under-developed

de     HotNews.ro
Vineri, 19 ianuarie 2007, 0:00


Bulgaria is currently a much more attractive market for foreign players on the real estate market, while Romania is seen as a secondary market, despite its good output.
The accession of the two countries to the EU increased the trust percentage from potential investors, mainly for the British and Irish, a fact that would lead to an increasing amount of transactions, according to International Herald Tribune.

"It is rather a psychological problem, investors considering until now that Romania and Bulgaria are risky targets", says Georgi Dutchev, editor in chief at the Bulgarian Properties Xpress real estate magazine. "EU brings more safety and transparency for investments".

Despite the true boom lately, the two countries continue to practice the lowest real estate prices in the EU states.























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