Bucharest real estate market is registering good results and a growing sense of optimism that is mainly the cause of distributers and raw material producers, two of the hardest hit sectors of the 2008 financial crisis. Prices for Bucharest apartments for rent or sale are showing slow but steady growth.
The New York real estate market has numerous problems; however, the biggest is that most houses or apartments are way too expensive. Another problem is the huge difference between demand and availability, which generally drives prices up.
Investing in land or property can be immensely profitable if done correctly. Even with the financial crisis and all the instability that followed property investments can be quite profitable if enough research is made before spending any money on the land itself.
First of all you need to know your exact budget, your cut-off point and what you expect to realize with the land, plot, or building. There are generally two types of touristic property investments you can make and the difference is generally made by the initial budget not by potential for profit.