Before the communist regime, Romania’s economy and real estate market was similar to other European countries’. Bucharest was even called “the little Paris” because of the architectural similitude. During the next decades most privately owned houses in cities were demolished and the population was forced to live in block apartments. These apartments were small, bad finished and were offering poor living conditions. In late 90′s the state owned all the apartments. A political decision allowed tenants to buy the apartments for small prices. Nowadays 90% of the residential properties in Romania are owned by their inhabitants. After 1990 many Romanians tried to regain the properties confiscated from them or their relatives. The restitution was not well regarded by political regimes in late 90′s so the process was long and many owners had to fight in court for their rights.

The good news is that today housing situation in Romania is not good. Romanian society has seen some radical structural transformations, with many political, psychological and economical changes. There is a great need for new houses and economical growth in late years has provided the means to satisfy such needs. So everything is set to profit from Romanian real estate market. Most part of the urban population is living in old communist apartments especially because there is no real alternative.

Looking on Bucharest streets 5-6 years ago you would saw many old, improper cars. Today streets are full with new, modern cars, auto industry and auto trading being one of the most profitable economical sectors in the country. The same will happen with the real estate. Of course, there are differences between real estate market and the auto market, but the psychological and economical factors that will bring the change are the very same: people don’t like their old communist houses and they have increasing access to economical resources. With many foreign investments and increasing productivity, income in Romania is on a very positive trend. EU integration has brought the opportunity for millions of people to work abroad. These people are sending 6 billion euro annually and most of the money are invested in real estate properties.

The purchase of Lagos property is one of the best kept secrets in the world. Lagos is located in the Algarve region in Portugal and has been hailed as a peaceful utopia for centuries. The city of Lagos is filled with history; while much of the early history was destroyed during the 1775 earthquake and tsunami, you can still find Roman walls and ruins within the lovely coastal city.

Lagos has become a popular residence from people in the UK and Germany. Retirees, families and real estate investors are flocking to this area in droves. English is commonly spoken in this area so that makes Lagos property an even more attractive alternative. For those looking to live in a historic and peaceful city, Lagos is for you. For those looking to live in a diverse summer party town with tons of activities and entertainment, Lagos is for you. The city of Lagos truly has something for everyone.

What brings people to purchase property in the lovely city of Lagos is the fact that it is a beach town. Miles and miles of white sandy beaches with clear blue water makes waterfront property for sale, Lagos highly sought after. There are open beaches and there are hidden private beaches for those who are looking for seclusion. Add to the fact that this area has year-round good climate, Lagos is slowly becoming more of a reasonable option for those looking to relocate.

For investors, Lagos is hot, hot, hot! There are several commercial properties on the market. Apartment buildings, warehouses, places that would make an excellent B&B. With so many people interested in property for sale in Lagos snatching up prime real estate will guarantee a high return. The opportunities are absolutely endless; homes converted into offices, warehouses that could become artists’ studios and multi-apartment residences that come equipped with a fully functional kitchen. There are several things to do in Lagos. Those who are active in water sports can take part in surfing, kite surfing, wakeboarding and sea kayaking. There is also a lot of rock climbing and mountain biking for those who prefer land based activities. The younger crowds will enjoy Lagos bustling night life. Then there are 4 gorgeous golf courses if one is inclined to hit a few rounds.