Timisoara - invest west!
January 8th, 2008
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Timisoara
Symbol of ’89 revolution, Timisoara sits at the west-east conjunction routes and is an industrial, commercial and cultural center.
Close to Hungarian border, Timisoara is considered to be the most “civilized” city in the country with strong western culture.
From an economical point of view the city is a booming place to invest in, with many international companies and local business owners. This is the reason for a very low unemployment rate, a 20% higher income then the rest of the country, and a 4th time bigger FDI (Foreign Direct Investment).
The real estate market is very active, with new apartment blocks, modern compounds and villas both in city center and suburbs.
Prices for one bedroom apartment start from €60,000, with many bargains on place. Old villa apartments are also available both renovated or to renovate.
Villas prices are around €300,000 for a residence in top location but is possible to find very good properties from €150,000.
Best investment will be one or two bedroom apartment top level furnished, close to city center or residential house in suburb.
Rent starts from €400 for one bedroom and goes up to €2,000-3,000 for luxurious residences.
Investing in commercial and office space will prove profitable, gaining from prosper local economy.
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