Quote:
Originally Posted by anna2
I think Romania is a beautiful country with great investment potential and I think the general rise in the market will have an effect in Cluj as well. I just can't see why an investor who can invest anywhere in Romania would pick Cluj.
Sibiu's Saxon mayor has done a lot for the town already. Do you know if the renovation on the main square has finished yet?
Sighisoara is a World Heritage Site and has the best preserved Saxon architecture in the country. The level of tourism here will explode over the coming years.
So why Cluj? Has there been a lot of industrial investment there recently?
|
Hi Anna, never said you SHOULD invest in Cluj! I have only said there are many investments there and new developments sell fast. I am talking industry, commerce, developments, etc. How long will these tendencies last I can't predict. What I don't like about Cluj (same for Bucharest) is they develop chaotically.
Yes, Sibiu's restoration is almost completed everywhere in the Old Quarter, the Big Square looks fantastic! We sell especially in Sibiu and Brasov actually. The prices in Sibiu are very good for investment nowadays and I expect them to grow in 1 year or so.
Sighisoara is undoubtedly a beautiful and historic place, however it is too small for industry, big business, etc. its main attraction is tourism and actually that is a good industry too, however medium size. So in terms of investment I don't think you can get a good annual rental return if you buy in Sighisoara. Would be nice if we investment oportunities would be judged simply from the point of view of architectural/historical significance, but unfortunately it is not quite so.