My OperaThe Best Reasons to invest in Romania
Thursday, March 22, 2012 11:05:05 AM
The statistics is showing that Romania contains the most fast growing economy in the EU after Estonia, Latvia and Lithuania.
After the major changes Romania may be through starting the 90' with all the big achievement in 2007- entering to europe, Romania kept getting more powerful and stronger
2. Fast growing GDP
GDP (purchasing energy parity) has attained US$$197. 3.
It is growing along with growing in more then 20% each year. This rate is definitely setting Romania as one of the largest economies in Japanese Europe.
3. More foreigners are visiting invest!
Foreign direct investment (FDI) which started to gain popularity at 2001, has been growing very fast by reaching over €5, 000 million in 2005, and more the €8, 000 million in 2006.
Major Companies from around the globe have been coming to buy Romania in the last two years and among them furthermore private investors who feel oahu is the right time to devote.
Most of the FDI - 55%, is still in Bucharest.
4. Falling Inflation
2005 also saw inflation fall to your record low of 7. 5% from dizzying levels of 22% in 2002, and it is supposed to fall to 3. 8% by 2007. With inflation under control, this will inevitably lead to more confidence in the exact property buying market.
5. Increasing Employment
Unemployment fell to 6. 2% in May 2006 (a lot less than 3% in Bucharest) which is lower than that of countless more developed European economies. The rate is preserve getting lower and lower.
Romania has a major role in attracting FDI Japanese Europe. In 2005, out of the overall EUR 10. 4 billion in FDI attracted by countries in the community, Romania received half of the inflows.
6. EU Funding
Romania gained the most substantial funds with regard to EU funding per capita among 2004 and 2006. For the years 2007-2013, Romania will receive an extra €30 billion, the highest allocation of all the so-called new EU member expresses.
Most of this funds will be invested into the local infrastructure like - road, hospitals, schools, bridges etc. The EU funds will assist in this case also in creating more jobs and so more potential customers that's looking to buy/rent houses. As far as the item looks…the boom is yet to come!
7. The tourists are on its way!
The tourism industry in Romania is becoming a lot more important. In 2006 - the incomes was more then $8 billion from tourism only which has a 7. 4% annual growth forecasted above the next ten years (Source: World Travel and Travel and leisure Council).
8. Estimation for total increasing (based on the salaries increasing 14% a year)
We already witnessed a dramatic growth inside employee's minimum salary regulations in Romania.
The salaries increasing are certainly not over yet…the estimation is often a continuing growth in the particular salaries of 14% annually.
For now the Romania average salary is actually 15% from the average EU salary.
If Romanian wages and salaries always increase by this average (while they have done during the last 6 years), the percentage will increase around every six several years. In order for wages to rise to the present level of the EU average, it will take 28 years. That is assuming the euro wages increase by 5% per year and Romanian wages enhance by 14% percent on the same period.
These trends will create beyond just the growing employment an increasing requirement of properties in Romania.
The EU average monthly salary is now €2, 400 per month.
9. Romania has the most competitive tax rates in the european union.
In 2005 the Romania Government introduced an appartment rate of only 16% pertaining to income and corporation duty
This tax is helping Romania to get more attractive for foreign investors who seek for new business locations.
Recent fiscal reforms have helped Romania to become more competitive and have served to push the home and property market - and promote Romania like a modern low tax state.
10. The best prices per SQM in your community!
It continues to surprise us…when a land comes in amazing prices all the time.
In the local reality you will come to Romania, it is perfectly reasonable you will buy a land on 200€ /sqm and advertise it in 600€/sqm after a few months. No matter the price tag you will put in your property - it will likely be sold and fast.
If you still need more reasons in the future and invest in this kind of paradise…Contact us and visit our web page here: Property Romania.
After the major changes Romania may be through starting the 90' with all the big achievement in 2007- entering to europe, Romania kept getting more powerful and stronger
2. Fast growing GDP
GDP (purchasing energy parity) has attained US$$197. 3.
It is growing along with growing in more then 20% each year. This rate is definitely setting Romania as one of the largest economies in Japanese Europe.
3. More foreigners are visiting invest!
Foreign direct investment (FDI) which started to gain popularity at 2001, has been growing very fast by reaching over €5, 000 million in 2005, and more the €8, 000 million in 2006.
Major Companies from around the globe have been coming to buy Romania in the last two years and among them furthermore private investors who feel oahu is the right time to devote.
Most of the FDI - 55%, is still in Bucharest.
4. Falling Inflation
2005 also saw inflation fall to your record low of 7. 5% from dizzying levels of 22% in 2002, and it is supposed to fall to 3. 8% by 2007. With inflation under control, this will inevitably lead to more confidence in the exact property buying market.
5. Increasing Employment
Unemployment fell to 6. 2% in May 2006 (a lot less than 3% in Bucharest) which is lower than that of countless more developed European economies. The rate is preserve getting lower and lower.
Romania has a major role in attracting FDI Japanese Europe. In 2005, out of the overall EUR 10. 4 billion in FDI attracted by countries in the community, Romania received half of the inflows.
6. EU Funding
Romania gained the most substantial funds with regard to EU funding per capita among 2004 and 2006. For the years 2007-2013, Romania will receive an extra €30 billion, the highest allocation of all the so-called new EU member expresses.
Most of this funds will be invested into the local infrastructure like - road, hospitals, schools, bridges etc. The EU funds will assist in this case also in creating more jobs and so more potential customers that's looking to buy/rent houses. As far as the item looks…the boom is yet to come!
7. The tourists are on its way!
The tourism industry in Romania is becoming a lot more important. In 2006 - the incomes was more then $8 billion from tourism only which has a 7. 4% annual growth forecasted above the next ten years (Source: World Travel and Travel and leisure Council).
8. Estimation for total increasing (based on the salaries increasing 14% a year)
We already witnessed a dramatic growth inside employee's minimum salary regulations in Romania.
The salaries increasing are certainly not over yet…the estimation is often a continuing growth in the particular salaries of 14% annually.
For now the Romania average salary is actually 15% from the average EU salary.
If Romanian wages and salaries always increase by this average (while they have done during the last 6 years), the percentage will increase around every six several years. In order for wages to rise to the present level of the EU average, it will take 28 years. That is assuming the euro wages increase by 5% per year and Romanian wages enhance by 14% percent on the same period.
These trends will create beyond just the growing employment an increasing requirement of properties in Romania.
The EU average monthly salary is now €2, 400 per month.
9. Romania has the most competitive tax rates in the european union.
In 2005 the Romania Government introduced an appartment rate of only 16% pertaining to income and corporation duty
This tax is helping Romania to get more attractive for foreign investors who seek for new business locations.
Recent fiscal reforms have helped Romania to become more competitive and have served to push the home and property market - and promote Romania like a modern low tax state.
10. The best prices per SQM in your community!
It continues to surprise us…when a land comes in amazing prices all the time.
In the local reality you will come to Romania, it is perfectly reasonable you will buy a land on 200€ /sqm and advertise it in 600€/sqm after a few months. No matter the price tag you will put in your property - it will likely be sold and fast.
If you still need more reasons in the future and invest in this kind of paradise…Contact us and visit our web page here: Property Romania.
