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| Symposium Program Edition 2008 |
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PLENARY BREAKFAST
“The Romanian Economy and The Real Estate Markets” |
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Wednesday, 02 July 2008
08:30 - 09:45
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Romania’s joining the European in January 2007 brought along an interesting stability and growth conditions which stimulated the arrival of many foreign investors, as many in the real estate sector as in other industries. International companies decided to bet on Romania due to the market’s size (21 million inhabitants) and opportunities, the tax conditions and the country’s cheap and specialized manpower. Thus, the recent evolution of the Romanian economy has been most positive as in 2006 the GDP growth reached a 7.7% and in 2007 a 6.5%.
As far as the Romanian real estate market is concerned, it is currently one of the most dynamic ones in Europe presenting huge growth opportunities for the coming years. Some studies rank Romania as the number one country in Europe in expected capital gains in property investment in the upcoming 10 years: a 400%. A new cycle is starting after 20 years of practically non-existent Western-quality property development.
In this session main economic and property data and indexes will be presented in order to make attendees acquainted with one of today’s most appealing property markets in Europe.
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