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Buying a Property in Romania

Buying a Property in Romania

Health and education

This is one of the areas in which Romania need to improve drastically to serve its citizens better – quality healthcare is rare, and hospitals don’t have the best reputation for caring for their patients. In fact, this is one of the areas in which a certain degree of corruption exists and is openly accepted. It is common practise for patients to tip their doctor in cash to make sure they get the proper drugs and attention appropriate to their condition.

Outside of the major hospitals in the main towns, the quality and availability of healthcare is difficult to predict, and while vaccination rates are high, malnutrition afflicts sections of the population and maternal mortality is among the highest in Europe.

Any buyers considering spending large amounts of time in Romania will want to make sure they are covered for private healthcare.

Transport

This is another area of the country’s infrastructure that needs a good deal of attention as it does not at present match up with the geographical position of Romania at the hub of an expanded Europe. The road system has suffered from a lack of maintenance since the fall of communism, and the rail system has also fallen behind in terms of technology and repair as a lack of investment has starved the system of innovation.

The government has stated that making investments in the road and rail systems is one of its top priorities for the immediate future.

Bucharest is the only city in Romania with a metro system, which opened in 1979 under the Communist government and has a total of 45 stations spread across 63km of tracks.

And finally...

While there is a huge amount of potential for investing in property in Romania, it is important that potential property portfolio-builder does not rush into a deal with no idea of what the potential pitfalls are, or where there might be a need to be cautious. In developing new areas for property companies, the authorities need to demonstrate that they are continuing to fight corruption and protect individual, private investor.

The potential gains are huge, and the gains are presently in the higher-end properties that are available, but as new resorts and new developments come online, the range of products in the market will increase, and the opportunities for investment will become ever more diverse. Without any doubts, an interesting market to watch.

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More pages

Page 1: Why buy property in Romania?
Page 2: Financing your property purchase
Page 3: Health and education

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