After a long history of corruption and mass action against it, the government of Romania under a new dispensation seems eager to change the fortunes of the entire country. Although there is government legislation restricting the sale of land to foreigners, property owners who are not Romanian citizens can acquire a license to use the land as they please. This is good enough for landlord since their earnings are secured by pro-landlord laws. The expected annual rate of profit on real estate investments in Romania stands at 7.76%
11. Romania
