Bucharest, more attractive for real estate investors than Vienna, Brussels, Prague or Paris

Tuesday, Jun 26, 2012 | Post by TudorEstates

Bucharest is more attractive to real estate investors than Vienna, Brussels, Prague or Paris, according to a chart by The Telegraph, which ranks the Romanian capital 12th among the best 20 European cities for investment, Mediafax reports.

Among the best points of the Bucharest real estate market, the British publication notes low transaction costs and the strong post-transition economy. Among the bads are low to moderate rental yields, high rental income tax, strong pro-tenant sentiments. The top ten most attractive destinations for real estate investment is dominated by Eastern Europe; with Amsterdam, Rome and Berlin being the only Western cities ranked in the first half of the chart. Budapest gives the best opportunities to investors, followed by Skopje, Amsterdam, Istanbul, Zagreb, Tallinn, Berlin, Rome, Riga and Chisinau. The eleventh position, right before Bucharest, is held by Warsaw and the next positions are taken by Bratislava, Ljubljana and Vienna. The chart is closed by Brussels, Sofia, Prague, Helsinki and Paris.

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