Gardens. The city boasts an excellent infrastructure with comprehensive bus, tram and rail services. The city also possesses 2 airports - Henri Coanda International Airport and Aurel Vlaicu International Airport. The latter provides low cost flights from numerous carriers in Europe and the UK.
There are two Romanias: one of Bucharest, which practically took off in terms of economic growth and suffers from labour shortage, and that of the second and third rate cities where there are no foreign investments and the state is the main employer. In these cities, the investors, be they foreign or Romanian, pay the minimum wage, 500 RON, while the minimum wage for non-skilled construction workers in Bucharest has reached 1,200 RON, and skilled workers get 2,400 RON
According to Channel 4’s ‘A Place in the Sun’ program and a series of news items published in the British press this month, predictions from property investment industry experts show that base real estate prices in Romania could grow by up to four times in the next ten years. However, potential investors should take this information as merely a single factor in their entire assessment of the Romanian real estate sector - because for the country to achieve these levels of growth, its entry into the EU has to be assured.
Unlike Bulgaria - with which many are now comparing Romania - which seems to be fully on target for accession in 2007, Romania seems to be less committed to adapting and its people seem less excited about the prospect of EU entry.
Therefore, for Romania to receive the envisaged levels of foreign direct investment and support upon EU entry to sustain the property market price increases being predicted by various media sources, the country, government and people of Romania need to further commit to the changes required by the EU for accession.
|
_06.jpg)
.jpg)
