Barcelona, Spain (PressExposure) November 17, 2009 -- Years ago Romania was a communist county and had no real estate market, as all of the properties were state-owned. Now the picture has totally changed and Romanian real estate market became one of the most lucrative markets for Property investment in Eastern Europe. Romania's geographical location between Western Europe, the Middle East and Asia allows it to be a very important real estate investment interchange in the European Market. The Romanian Government changed several property laws in order to make Property investment simpler. Romanian real estate market shows impressive dynamics by raising the number of investors and by increasing the number and value of transactions.
The Romanian Government is committed to EU standards so the major concentration is to improve the infrastructure. This makes the property market more lucrative. Recently, plenty of agriculture land was opened for development.
Compared to other eastern European counties, property prices in Romania is 25-30% lower and residential prices are vary competitive so this sector has a good opportunity to invest in future growth and development.