Articles

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Green projects gain momentum in Europe

A spate of eco-friendly developments have been scheduled for construction as the international second homes industry reacts to changing buying patterns across the world.

The latest company to do so is developer Willbrook Management International which has announced its intentions to develop Diamond Residences, a 144-apartment eco-resort in Varna, Bulgaria, featuring a spa, health club, restaurants and energy saving air and lighting services at a cost of €40million.

Romania Impresses the Best

Romania is making its mark with all the right people and institutions. Standard & Poor, the financial evaluation agency, have recently upgraded Romania’s banking industry risk assessment profile, reflecting the healthy growth and profitability of the banking sector. In addition, specialist investors in private equity funds have given the green light to Romania, along with Poland, voting them the most attractive destinations for Western risk capital investment funds..

Investors Take Advantage of Romanian Mortgages

Prospective investors in Eastern Europe’s best kept secret - Romania - will find that obtaining a mortgage is a straightforward process, with a number of different mortgage options available through Obelisk Private Finance to residents and non-residents who buy property in Romania.

Irish Investors Forge Romania Real Estate Links

The Romanian star is rising – and at full throttle if recent travel developments are anything to go by. Thanks to the introduction by Aer Lingus of the first bi-weekly, direct flights between Dublin and Bucharest, up to €3 billion is expected to be plunged into the Romanian property market by eager Irish investors keen to minimize their exposure in a wobbly domestic market and grab a slice of the Eastern European pie before it is all gobbled up.

FDI Investment in Romania Continues to Grow

Statistics recently released from the Romania Central Bank show an impressive increase of foreign investment in the country during 2008. According to the Bank's figures, foreign direct investment (FDI) totalled €9.02 billion in 2008 up from €7.25 billion in 2007, an increase of almost 25%.

Romania's strategic position in the midst of central Europe, its skilled workforce and low labour costs remain key attractions for foreigners planning to set up in the country. In addition, corporate tax, levied at the flat rate of 16% in Romania, is one of the lowest in Europe.