Romania is on the brink of something very big as far as real estate investment in the country is concerned. The country was under the grip of repressive dictatorial regime until 1990 when Ceaucescu was overthrown, and it is only in the last decade-and-a-half that Romania has realised its economic and political potential in the real sense. Resultantly, the opportunities for commercial, business, industrial, and residential property investment are literally served on the platter for visionary real estate investors. Contrary to the popular belief, foreign residents can also own property in Romania, if they know their exact legal position.

Romania is one of the newest members of the European Union (EU), which, in itself, marks, the beginning of a long transformation process for the country. The country has to eliminate legal and administrative hassles for investment purposes. This means that Romania has to forego many of its prohibitive stipulations, like the bar on foreign investors to purchase property in the country as an individual. However, there will be no bar if a foreigner forms a Limited Liability Company and invests in Romanian real estate.

Romania has had some interesting historical significance in Europe. It is the largest Balkan State and is popularly known as ‘an Island of Latinos in a sea of Slavs’. Romania was ruled by Romans, Ottomans, and Austro-Hungarians at different points in history. Resultantly, there is a treasure-trove of cultural and historical remnants spread all across the country, which is a natural tourist attraction. The Saxon town of Transylvania is popular for the Bran Castle of Dracula fame. The painted monasteries of Bucovina and the rural village idyll of Muramures are everyone’s delight. Paris of Balkans – the capital city of Bucharest – is by no means a dull city. It is as vibrant as any other European capital. However, the pride of place in Romania is 2007′s European Capital of Culture – the old city of Sibiu in Transylvania.

The Mountain resorts of Predeal, Sinaia and Busteni present an excellent opportunity for buying villas in the range of £50K. The beach resort towns of Mamaia and Costinesti are best for buying studio apartments for regular handsome rental income throughout the year. The rates of studio apartments start at £30K. The time is perfect for Romanian real estate investment, as the market is on a maturing stage and if you are a long-term investor, there is nothing like Romanian property. If the projected returns on investments on Romanian property in the next few years are any indication, we are bound to witness a surge of investment activity throughout the country.