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Interest in Romanian property investment increases


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When it comes to investment in Eastern European property, Romania is fast becoming the location of choice, according to new data from Romanian property website

The website managed to record increasing numbers of visitors to its website as well as increased interest in buying land, especially within built up areas last year, in comparison to 2010.

According to the website, interest increased by 49 per cent in October and November, and by 64 per cent in December when compared with the same period in 2010.

Razvan Muntean, general manager, commented: "The interest for land follows a positive trend, quite stable, which is not influenced by external factors, such as the First House governmental buying program."

The firm also puts the increase in interest down to lower prices in the region and across Romania over the last two years, although it admits that this may not be the sole reason.

KMS Baltics is a partnership of independent companies providing forestry investment management in Estonia, Latvia, the UK and Romania.

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