In the past few years the Romanian real estate market has seen a soaring growth in terms of prices and number of transactions. What seemed a dead market almost 20 years ago is now a huge magnet for foreign capital investment.
According to the last statistics of Eurostat, Romania registered in July an annualised inflation of 4.1 per cent, compared with the 2 per cent of the EU. The Euro zone annualised inflation stood at 1.8 per cent in July, down from 1.9 per cent in June. In Romania, the inflation projection for 2007 stands at 3.9 per cent, and the inflation target, at 4 per cent, +/- 1 per cent.