More and more businessmen invest in residential projects drawn by relaxing crediting conditions and high profit rates.
Last week Radu Octavian, RTC owner ,announced he wants to invest EUR6 million in a residential project Sibiu.
His announcement is almost no news since many respected businessmen have made massive investments on the real estate market.
The high profit rates from the real estate sector (that hiked as other business’ rates dropped- electronics and house appliances and not only) are a real investment opportunity for businessmen : land, buildings and real estate residential projects in many areas in Romania.
The business’ success is guaranteed as the demand for dwellings is rising thanks to Romanian Central Bank that relaxed credit granting conditions creating an inflow of demand from people who could not previously afford to purchase a dwelling.
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