Bank Austria: Growth Potential for Real Estate in Romania and Bulgaria

Published: November 29, 2010; 14:41 · (Vindobona)

Despite the signs of economic revival, Bulgaria and Romania markets are still largely being ignored by international investors, says Bank Austria.

Bank Austria: Growth Potential for Real Estate in Romania and Bulgaria / Picture: © Flickr

The economies of Bulgaria and Romania were both hard hit by the financial crisis. In both countries the sharp fall in exports, the lack of direct investment, the impact of a deteriorating job market and the banks’ reluctance to approve new lending depressed personal consumption and resulted in a sharp recession. Bulgaria’s real GDP in 2009 dropped by 4.9 %, Romania’s by 7.1…

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Bank Austria: Growth Potential for Real Estate in Romania and Bulgaria

Despite the signs of economic revival, Bulgaria and Romania markets are still largely being ignored by international investors, says Bank Austria.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.