New Romanian Airport Announced

The green light has been given for a new airport to be built in Basov, Romania. Located in the heart of the country, Basov is well placed for travelling to the Black Sea, the Carpathian mountains and southern Transylvania.

The new airport, which will be located 166 km from Bucharest, will certainly help attract more buying foreign propertys to the country. With the increased numbers of flights into the area, it is hoped that numbers of tourists will increase. This should increase not only property prices in the area, but also rental yields making the area attractive for property buyers who are looking to buy in Eastern Europe.

At present, the Romanian property market is not fairing too well. Experts have said that property prices throughout the country have dropped by between 20 and 30 percent and real estate fairs see property developers promoting a range of buyer offers – from furniture to extra parking spaces. Thanks to the drop in prices, overseas property investors who are willing to take a risk may see large returns on their investment if they choose to buy now.

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