Northern Cyprus and Spain: new areas of interest for real estate purchase by Romanians

The interest of Romanians in buying real estate abroad has increased by 50% this year compared to 2021, Premier Estate Management experts report. Prior to this year, interest was focused on local properties in areas with high rental demand, yielding excellent investment returns of 6 to 8%. The geopolitical context of 2022 has changed the focus of attention to foreign markets related to the acquisition of vacation homes and rentals, explains the Managing Director of Andreea Comșa.

The most popular external real estate offers in Romania are projects in Dubai, but interest is also growing in other areas with tourism potential, such as Cyprus and Spain, especially sought after properties in residential complexes with easy access to the beach, which include various amenities including swimming pools, sports fields, jogging and cycling trails, restaurants and cafes. In North Cyprus, an area that has developed in recent years as a residential and tourist center, many new projects are being carried out to meet the requirements of resorts in terms of comfort and functionality. Projects are mostly large scale, with those close to the beach (e.g.

If we talk about an area of investment interest in Spain, such as Malaga, there are also new developments here, but they are much smaller in size than in Cyprus and are located 500 meters from the beach. The new complexes include apartments with 1, 2 or 3 bedrooms, ranging in size from 67 square meters for a studio apartment to 123 square meters for a 3-bedroom apartment. Prices start from 238,000 euros + VAT.