Brasov and Prahova Valey - Properties to buy and make money.

January 8th, 2008 |

Print |

Brasov and Prahova Valey

Fantastic tourist city, main destination for ski lovers, Brasov is the hart of Prahova Valey, an extended tourist region.

With a population of 320,000 people, Brasov is the economical leader in the region, located nearby Poiana Brasov, Romania’s most famous skiing resort which is referred in ski directories all over the world, often compared to other major resorts like Chamonix, Zakopane or Cortina D’Ampezzo in terms of natural setting.

The snow layer lasts for about 120 days a year. It features great hotels and restaurants, very modern winter sports facilities, 9 ski slopes.
Few kilometers away there is Sinaia, former royal residence and fantastic tourist resort. Another big attraction is Bran Castle, worldwide known as Dracula’s home.

Being close to Bucharest, Brasov has a continuous flux of tourists all year round.

Brasov is not just a tourist city but a powerful economic center in the very hart of the country.

Worth to mention the key factors for further price appreciation:
 A highway connecting Budapest to Bucharest is in construction process to be ready by 2013. The highway will pass through Brasov
 International airport to be built
 Current talks about the development of a golf course
 A few minutes from Poiana Brasov, the main ski resort in Romania
 320,000 inhabitants, enabling investors to rent or sell the property to both locals and tourists

INVESTMENT OPORTUNITIES

HOLIDAY HOUSE

Prices start from €70,000-80,000 for a small wood chalet in one of the areas near by the city, in a 30-60 km range. If you look for a prime location expect to pay from €100,000 up to €600,000-800,000.

Renting the property won’t be difficult, demand for holiday rentals is big and growing.

APARTMENT IN VILLA

Is common for investors to buy an apartment or tow in a mountain villa. This will rent very well and appreciate fast.

APARTMENT IN CITY

Is possible to find good location old apartments in historical city center. Better to buy poor condition properties and restore it for a profit.

NEW DEVELOPMENTS

Lately on the market, new residential developments are available for investors. Off plan apartments are available in a modern complex from €60,000-70,000 or single houses from €100,000.

Some new apartments can be sold with guaranteed rent.

IDEAL APARTMENT:
 One or two bedroom apartment
 Good location in tourist area
 Modern furnished and well equipped
 Parking space

IDEAL HOUSE:
 Two – three bedroom (if bigger will be hard to maintain, more like a bad and breakfast)
 Good location, close to sky resort
 Modern furnished and well equipped
 Parking space for 2-3 cars