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Follow on Google News | Remarkable Romanian Economy Tipped for Property InvestmentThough the EC recently adjusted its growth forecasts for Romania, its economy is still expected to grow this year.
By: Les Calvert "Romania's economy is exceptional. Though several Eastern European emerging markets are expected to escape recession, but only four by such a large margin: Romania is expected to grow by 1.8% this year, exceptional given that the big European economies have fallen into recession like dominoes," said Les Calvert, director of overseas property portal Property Abroad.com. The continued economic growth within Romania also means a healthy outlook for the property market. Overseas investors should always be looking at who they are going to resell the property to, without relying on fellow foreign buyers. This usually means a healthy internal economy and a rising demand for housing among the locals. "Many of the properties we have are in areas that are growing into economic hubs within their region. The properties -- like many in Eastern Europe -- are cheap, and with rising demand for housing in the area, will be easily resold," Les continued. Property Abroad.com Ltd, a long standing UK based overseas property portal is currently advertising hundreds of properties for sale in Romania, including a beautiful 2 bedroom house in Central Transylvania for £39,000, and a massive land bank in Odorheiu for commercial investors priced at £656,361. About Property Abroad Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net. To find out more contact Les Calvert or the team at: info@property- Property Abroad LTD 182 York Road Hartlepool TS26 9EA www.property- # # # Overseas property portal with more than 70,000 properties for sale direct from agents, developers and private sellers across the world. Buyers guides, maps, country guides, articles and useful information on buying a property abroad. End
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