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Duquesa Village - 65 per cent discounts
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Posted On: 01/07/2009
Romania a Hot Favourite for Overseas Property InvestorsRomania is being tipped as a hot destination for overseas property investors. The new entrant to the EU has shown an incredible resilience against the international downturn, and is one of only 4 EU members tipped to continue growing economically this year: the EC puts forecasts for Romania's growth in 2009 at 1.8%.
"For the economy of an emerging market and new EU member to even have growth forecast at 1.8% for established economies like the EU and Germany are struggling to dig their way out of recessions, shows just how incredibly resilient that country's economy is," said Frank Crowley, director of overseas property specialists Azure Overseas.
In a press release earlier this month, Les Calvert, director of portal Property Abroad was also full of praise for property investment in the emerging market of Romania.Romanian properties -- like many in Eastern Europe -- are cheap, and with rising demand for housing in many areas, will be easily resold," he said.
Azure Overseas are currently marketing 1 bedroom apartments in Cluj Napoca from 90,000 pounds. The Fontana Residence is a fully enclosed, gated and secure off plan resort style property development. Exclusivity comes from the fact that there will be only 65 apartments, and it lies in an area of conservation and so is protected from over-development. The latter also increases the Fontana Residence's investment potential.
The Fontana Residence is just one of the dozens of high quality properties in Romania currently being marketed by Azure Overseas; find out more by visiting the site.
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