A THREE-DAY road show urging Cypriots to invest in land and property in Romania was yesterday launched in Nicosia.
Interested parties should visit the Hilton Hotel in Nicosia between 9am and 9pm, with the event organised by Empire Investments SRL.
“Since becoming a full member of the EU, Romania has evolved into a significant investment destination. Its rapid economic growth and the steady increase in land and property prices have together presented solid and increasingly effective investment prospects,” said company chairman Andreas Kyriakou.
“Recognising at an early stage the rapid evolution of the real estate market in Romania and foreseeing the potential for investment, we created Empire Investments SRL in 2001. The aim was to establish a comprehensive vehicle to benefit and profit from the obvious dynamic investment opportunities. From our Head Office in Pitesti and offices in Bucharest we continued to expand business. In 2006 we opened offices in Nicosia to further extend our services to investors in Cyprus.”
Services are designed to appeal to a broad range of clients including companies, institutions as well as independent investors.
Empire Investments SRL is now the largest Cypriot-owned company that specialises in buying and selling land, plot division and the construction of residential units. The company has established a successful track record in Romania, particularly in the rapidly developing region of Arges, near Bucharest.
Using in-depth knowledge of the Romanian real estate market and its prospects for growth and by targeting areas of rapid development – where land prices are rising and housing demand is on the increase – the company is able to offer investors unique opportunities that show great profit potential.
Invest in Romania
Romania is now regarded as one of the foremost foreign investment destinations in the European Union, offering a wide range of options. Primary advantages of real estate investment in Romania are as follows:
* Romania is the largest country in the Balkans and, with 23 million residents, is the largest market.
* It is at the crossroads of Europe and Asia.
* It shows a steady upward trend in property prices.
* A further increase in property prices is expected after the introduction of the euro.
* European subsidies have had a positive effect on the development of the country.
* Reliable and secure Land Registry and legal procedures.
* The rise in foreign direct investments has increased its competitiveness in the international market, influenced exports, encouraged productivity and created new employment.
* The improved living standards, higher wages, flexible loan and housing finance programmes and the shortage of new housing in cities are encouraging people to buy their own homes.
* The housing shortage, together with the increase in demand, has created excellent investment opportunities, particularly in developing areas.
