Investment Property in Craiova

Investment Real Estate in Craiova

Investment Property in Craiova
Investment Property in Craiova

Craiova property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Craiova .

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Search Map of Craiova Investment Real Estate

Craiova (, also US: /krˈvə, krɑːˈjɔːvɑː, krɑːˈjvɑː/, Romanian: [kraˈjova] (About this soundlisten)), is Romania’s 6th largest city and capital of Dolj County, and situated near the east bank of the river Jiu in central Oltenia. It is a longstanding political center, and is located at approximately equal distances from the Southern Carpathians (north) and the River Danube (south). Craiova is the chief commercial city west of Bucharest and the most important city of Oltenia. The city prospered as a regional trading centre despite an earthquake in 1790, a plague in 1795, and a Turkish assault in 1802 during which it was burned.

Eight villages are administered by the city: Făcăi, Mofleni, Popoveni, Șimnicu de Jos, Cernele, Cernelele de Sus, Izvoru Rece, and Rovine. The last four were a separate commune called Cernele until 1996, when they were merged into the city.

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The financial stability of Craiova has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Craiova

Renting out your Craiova buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Craiova are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Craiova and be prepared to change your initial outlook.
  • Thoroughly research the Craiova location with a special emphasis on fringe areas outside the main Craiova metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Craiova.
  • Ensure that your target investment property in Craiova appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Craiova properties yourself is an easy option, but are these savings justifiable when you run into Craiova red tape? Physis Realty Craiova office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Craiova buy-to-rent sector.

With our expert guidance, investing in Craiova provides the secure knowledge that your money is working harder than it would in a local Craiova bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Craiova, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Craiova property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Craiova

Flipping property in Craiova

Flipping property is when we advise clients to buy a Craiova property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Craiova market has a time to react to the renovation.

The Flipping Strategy in Craiova

Investment property flipping in Craiova is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Craiova real estate investments are sometimes referred to by professionals as ‘distressed’ Craiova real estate.

What is distressed Craiova property:

  • Craiova property in need of renovation
  • Craiova real estate with a change of purpose and use
  • Oversold Craiova property
  • Bank repossessions in Craiova

Put simply, long term investors in Craiova purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Craiova investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Craiova property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Craiova use a minimum profit value of 22% when looking at potential Craiova projects. The reason for this is because there are lots that can go wrong in Craiova property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Craiova

For luxury property investors hoping to add a superb property in Craiova to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Craiova, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Craiova should be entrusted to only the highest-quality agency.

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