RomaniaProperty consultants King Sturge have said that, “Bucharest is the most popular location for logistics development due to its strategic location and is expecting faster economic growth than other regions”. And leading real estate specialists Jones Lang LaSalle tip that the city, “is now becoming a genuine business hub” and that Bucharest is, “Europe’s fastest growing city economy”. This is largely down to Romania’s EU accession in 2007, which opened up the country and its huge, highly skilled labour force to new foreign investment.
Multinational manufacturers are heading to Romania to set up new low-cost production sites and the country’s capital Bucharest is ideally placed to establish itself as a key distribution hub for Eastern Europe.
Property prices are already climbing thanks to increasing local demand and a shortage of modern, high-standard building. Prices are predicted to climb further as high GDP and growing foreign investment fuel the booming economy.