Sunday, June 11, 2006

Are you worried about your real estate investments in the US market? You may want to diversify internationally!

Here's what Habitat for Humanity has posted on its website:

Romania, Most Profitable European Destination For Real Estate Investments

Romania is on the first place in a top of the most profitable 20 European states in terms of the estimated profit for the following 10 years in the real estate field, according to British TV station Channel 4. Amanda Lamb, expert in property evaluation, explained that Romania has great economic growth perspectives, given the future EU accession. The analyst showed that a country house, bought with 17,000 GB pounds, with invested funds of some EUR 145,000 might be sold for some EUR 750,000 after 10 years. The analyst estimates that investors will be attracted to the Romanian real estate market after the EU accession. Poland is on the second place in the top, with a profitability rate of 393 percent, followed by Portugal, Estonia, Lithuania and Latvia. The top was based on data supplied by consultancy company PricewaterhouseCoopers regarding the economic growth rate of each state.

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