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Invest with the Best in Cluj PDF Print E-mail
Business
Thursday, 24 July 2008

Image
Photo: Cristian Adrian
Comprising 65 apartments, the Fontana Residence is set in one of Transylvania's most picturesque valleys in Cluj -- Romania's top investment spot and major employment centre.

At a time when many countries are deep in the grips of the global credit crunch, Romania's GDP growth for the 1st quarter of 2008 reached a staggering 8.2%.

Cluj, go West

Romania's capital, Bucharest, has traditionally attracted the bulk of foreign investment, but now investors are turning their attention to Cluj (Central Transylvania).

Closer to Western Europe than Bucharest, Cluj has recently attracted several accolades - ranked by Monocle magazine as the world's top investment destination.

The reasons behind the praise are obvious: Cluj houses over 200 software companies, earning the city the titles of Romania's technopolis.

Real estate development 

The local need for a highly-educated workforce and the excellent career opportunities offered by foreign companies mean many graduates stay in Cluj after their studies. 

Educated locals want Western style housing with superior fittings, and the Fontana Residence with its fitted kitchens and bathrooms and high quality construction fits this bill to perfection.

With a ready-made rental market, excellent resale potential, its superior quality and unique location, Obelisk's Fontana Residence ticks all the boxes for investment potential.

With just 65 apartments available, the only downside to this latest Obelisk project is that there may not be enough to go round.

(PRweb.com, Photo: Cristian Adrian

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