Romania Report|Become an Expert in Investing in Romania
Home Monthly Romania Report Latest News Invest in Romania Relocate to Romania Romania Real Estate Podcast
Travel to Romania
Contact us

 

Arad

Arad is the capital city of Arad County, in western Romania, in Crişana, Ardeal.

It is situated on the right bank of the river Mureş, and consists of the inner city and five suburbs. Arad is a modern-built city, and contains many handsome private and public buildings, including a cathedral. It is the seat of a Romanian Orthodox bishop, and features a Romanian Orthodox theological seminary, two training schools for teachers (a Romanian one and a Hungarian one), and a music conservatory.

With a rich industrial and commercial tradition, Arad is one of the most prosperous towns in Romania. Thanks to numerous investments Arad has a booming economy.

The main industries are: freight and passenger railcars, clothing and textiles, food industry, furniture and accessories for furniture, equipment for the car industry, electric components, meters, shoes industry.

More than 150 companies have relocated here in recent years, attracted by cheap labour. This has pushed shortterm unemployment down to almost nil, but pushed property prices up each year.

Arad has become the main gateway into and out of Romania from the EU. Businesses are relocating to this dynamic and rapidly expanding manufacturing city, attracted by cheap labour and the advantages of the Free Zone.


Real Estate Investment Opportunities in Arad

Why Invest in Arad?

PROPERTY: HIGH DEMAND, LOW SUPPLY As foreign companies continue to relocate to Arad, there is a growing demand for quality accommodation, instead of the old renovated flats in crumbling Communist-era apartment blocks. Quality accommodation, however, is very difficult to find in the city. While there is the odd new build here, there has been no large-scale development of quality new apartments or houses within a properly planned community – until now. This makes the Subcetate development the only significant new build here. In the words of one local estate agent, “This is just what Arad needs right now.”

Subcetate Residential Park

CasaRom’s style of development is well suited to both aspiring local buyers and international employees. Apartments are arranged in condominium blocks with five blocks on each side of a landscaped public boulevard and park, with limited external traffic to allow direct pedestrian access to the park. Each block has 24 apartments arranged on either side of the two entrance courts, with eight one- and two-bedroom apartments per floor, ranging in size from 78 m2 to 104 m2 built area. Each block is provided with two impressive entrance courts, the distinctive design of which provides an open staircase with wind and rain protection, giving the opportunity of using the generous landings as communal terraces. Blocks also benefit from private landscaped gardens and offroad secured parking.




Arad County Virtual Tour


SEARCH THE SITE:  

RomaniaReport.com © 2006-2008 | Privacy Policy