The property market boom in Romania has previously been seen most clearly in Bucharest where the price of an average 100 sm2 apartment increased from $25,000USD in 2002 to a staggering 110,000 € in 2007. The wave of boom in the market has mirrored in Timisoara and continued on to Brasov which saw an incredible average property value increase of 212% in 2005. Opportunities in these areas remain plentiful.
However, they are clearly past their prime. The question has become, where is the next area in Romania to see the dramatic kind of growth (212% in one year) that Brasov has recently seen? We at Romania Report have been tracking the wave of the property value boom in Romania since 2000, correctly predicting past booms, and have identified the next location to be "hit" by this colossal force affecting the local property market.