In 2005 Romania topped the foreign investment table for Eastern Europe, taking an 18 per cent slice of the overall foreign investment (around 4 billion euros) - more than that of Bulgaria, and current EU members Czech Republic, Poland, Slovakia and Hungary.

What's more, with Romanian EU entry now confirmed, investment levels in the country are now increasing further still, with property the main driver of this interest.

On average Romanian property prices are around 30 per cent cheaper than those found in other European hotspots, although these prices are expected to increase steadily over the next few years. A Channel Four television programme predicted a 414 per cent return on a Romanian investment over a ten-year period earlier this year, while most experts are agreed that annual growth will vary between 10 and 30 per cent for the next decade at least.

Presently, there are two main property purchasing areas in the country - the Black Sea Coast and the capital Bucharest.

According to Michael John, company director of the Right Move Abroad, Bucharest is especially well positioned to capitalise on the increased Romanian property interest expected to head the country's way.

"January 2007 and the introduction of Romania to the EU will be a significant step in Romania moving further forward", he confirms. "Its future success is almost guaranteed judging by the amount of Western companies that have already committed office space in Bucharest. Recently we have seen prestigious companies such as Boeing, BMW, Price Waterhouse Coopers, Nick and Hewlett Packard all carrying out business in Bucharest", he adds.

The Right Move Abroad is currently selling studio, one- and two-bedroom apartments in the Planorama development located in the city. Prices start at £35,000 for a studio apartment, rising to £55,000 for a two-bed apartment.

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Related articles about Romanian property:
Will Bucharest property capture your imagination?
A welcome to Romanian property

Article published on 15 November 2006