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Romania's capital is Bucharest. Romania joined NATO in 2004, and the European Union (EU) on January 1, 2007. EU accession is promoting foreign investment in construction and infrastructure, making Romania one of the Worlds most attractive emerging property markets. Romania borders Hungary and Serbia to the west, Ukraine and Moldova to the northeast, and Bulgaria to the south. Romania has a stretch of sea coast along the Black Sea, and the eastern and southern Carpathian mountains run through its center. Prior to 1990, nearly all of the real estate located in Romania was owned by the state. This real estate was owned either directly by the government or by state owned entities. With the overthrow of the Communist regime in that country, there has been a slow and somewhat plodding liberalization of the real estate laws within the country. For long term gains and some short term yields Romania is a truly interesting prospect. In other words, if a person (or company) wants to buy real estate in Romania and needs a loan to do so, that person or company will need to use some other form of collateral for the loan beyond the real estate that is being purchased. Once again, and has been noted, it is likely that there will be changes to the real estate laws on the books in Romania. Indeed, those changes will need to reach the Romanian Constitution as well. The entry of Romania into the EU in 2007 will be the primary reason that the Romanian government is likely to set upon a course to liberalize the real estate laws (and Constitutional provisions). Romania is a stunningly beautiful country of sharp contrasts offering property investors the potential for massive growth and the chance to own some stunning real estate. Romania Property Dambovita A Place in the Sun ranked Romania as the best country to invest in Romania Property Dambovita and it is no surprise. Romanian Properties In terms of the market prospects in Romania Property Dambovita in they are relatively restricted in terms of the profitability investment in Romania Property Dambovita will return in the short term Romanian Properties but 2007 will be an excellent entry period for investors looking for long term gains and yields in both the residential and Romanian Properties sectors. The Romanian Properties investment potential is quite possibly unrivalled across all of the European emerging Romania Property Dambovita markets because property prices in Romania Property Dambovita are currently so low and the demand for residential and commercial Romania Property Dambovita is increasing rapidly.

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