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.  Read more... (188 words, estimated 45 secs reading time)

The latest property figures from Romania have shown that sales of real estate have dropped by 27 percent in January compared to the same period last year.

According to the Balkans Business News, 17,302 property transactions occurred during January 2009 compared to 23,778 in January 2008 – a drop of 27.3 percent. Taking into account January 2007 figures which show 30,474 real estate deals going through, the picture is even worse with a fall of just over 43 percent.  Read more... (192 words, estimated 46 secs reading time)