Lakeside Plots for Sale in Racari, Dambovita, Romania

Lakeside Plots for Sale - Racari

These lakeside plots, in Racari, are perfectly located in a region that is well known as a weekend / holiday retreat - especially for fishing!

Each plot is 615 sq.m. in size, and 20 are available for sale at the present time. The buyer of each plot will have their own ready made license to build as they wish (with easy access to water, gas & electricity supplies).

Prime lakeside land in Racari can easily fetch up to €25/sq.m. The plots have been competitively priced, with volume discounts the more you buy, as follows:

INDIVIDUAL PLOTS: €17/sq.m. (€10,455 for each plot)
BLOCK OF 4 PLOTS: €16/sq.m. (€39,360)
ALL 20 PLOTS: €15/sq.m. (€184,500)

Now is an ideal time to invest in Romania - for those potential investors who are looking for reassurance that this is a "good bet", there now follows some vital background information on why Romania is such a good investment, plus details on Racari itself:

WHY ROMANIA?

Romania is, and has been for the last 5 years, providing investors with excellent returns on both property and land investments. This has been reaffirmed in a recent report by Price Waterhouse Coopers (PWC) who state that Romania is “the number one place in Europe to make money”. Capital appreciation in property of c.30% year-on-year since 2005 has been achieved with rental yields of 10-20%, and this trend is likely to continue with Romania’s recent accession to the EU in 2007.

The increasing affluence of the Romanian population (due to strong economic growth) and a housing shortage inside major cities (around 1M housing units shortfall, of which 30% is in Bucharest) is forcing individuals to look further afield for property, and as a result the price of land and real estate is being forced upwards. As indicated above, Bucharest is a typical example, where the Metropolitan zone is increasing in size to help accommodate the surge in demand. These areas include places such as Racari and Sinesti, with the EU funding a ring road that will be completed within the next two years to provide effective transport links across the circumference of this extended zone Other areas that have attracted recent investment include Sinia and Brasov.

Romania remains predominantly agricultural with a 245km stretch of Black Sea coastline and the Transylvanian Mountains that house the Saxon medieval towns of Brasov and Sighisoara.

Other reasons to invest are:

- Strong annual wage and economic growth
- Low unemployment (5.2% at the start of 2006)
- Growing mortgage market – plans to introduce 100% mortgages in the near future and the fact that mortgages only contributed 2.4% to Romania’s GDP in 2006 (compared with 44% in the EU and 60% in the UK) point towards strong growth forecasts
- Low taxation : 16% for both corporate and personal income tax

FACTS ABOUT RACARI

Racari is situated in the South East of the Dambovita county, and has under its authority seven villages: Ghergani, Mavrodin, Ghimpati, Colacu, Balanesti and Stanesti. The city itself is situated on DN 71 (the national road), approximately 37 km North West of Bucharest and is crossed by the Colentina and Ilfov rivers, plus the Baranga rivulet.

The Colentina river flows straight to Bucharest and then on to the River Danube. On the Baranga rivulet course there are five lakes (total area: about 90 hectares) populated with fish, and there are 1732 hectares of forest surrounding it. This makes Racari great for fishing and a summer retreat, as stated elsewhere

The main transport links are as follows:
• DN 71 (national road): Targoviste-Racari-Baldana
• DJ 711A (country road): Potlogi-Ghergani-Cojasca
• DJ 601A (county road): Racari-Brezoaele
• DC 43A (village road): Racari-Ghimpati-Cojasca
• DC 44 (village road): Balanesti-Calugareni