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<title><![CDATA[Romanian property 'one to watch']]></title>
<link><![CDATA[http://www.premiervillasinthesun.com]]></link>
<description><![CDATA[The combined effects of prospective entry to the EU and
economic reform have made the Romanian property market one to
watch for UK investors, it has been claimed. Following research
into the sector, Property Secrets has said that the "remarkable"
effects of reforms in Romania could eventually offer significant
gains for UK investors.

Neil Lewis, CEO of Property Secrets, explained that GDP in the
country has increased in 2006 from 6.9 per cent growth in the
first quarter to 7.8 per cent in quarter two.

Mr Lewis also told Overseas Property Professional that the
levels of foreign direct investment entering the country should
act as an indicator for people considering investing in <a
href="http://www.romanianventure.co.uk/">Romanian property</a>,
as this is likely to go up following EU membership.

"Ultimately, this will significantly drive demand for property,"
Mr Lewis added.

Currently there is a lack of competitive mortgage finance
available in Romania, but the property expert believes that this
will change in the near future.

He bases this prediction on the facts that the same situation
existed in Bulgaria before the first competitive package was
introduced and that there are already mortgage offers on the
Romanian market which will begin to offer competitive terms in
the next 18-24 months. 

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<copyright><![CDATA[Anthony Cain]]></copyright><managingEditor><![CDATA[sales@premiervillasinthesun.com]]></managingEditor><generator>IceRocket RSS Builder 1.0 http://rss.icerocket.com</generator>
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