The Property Market in Romania

John Clare's tour of Romania, with opinions on the country, its attractions and the possibilities for making money from property purchase.


Sibiu

Transylvania; it sounds exciting, interesting, steeped in Balkan mystery. Transylvania; the land beyond the forests. Way back in the middle ages the Germans pushed their way down here and established several towns. As far as I can make out Turgu Arges was the old capital of this area, but the most interesting centre nowadays is Sibui, formerly known as Hermannstadt.


There is another influence in this part of the world, and that comes from Hungary. Sibui also used to be called Nagyszeben (pronounce it yourself). This was an area where, during the middle ages, the great powers met and battled out their frontier zones, pushing first this way, then that. The turks at one stage pushed right up to the gates of Vienna, but were repulsed almost immediately, and the Holy Roman Empire, the Austro-Hungarian empire to be, pushed its borders up to the Carpathian mountains, leaving the Turks controlling the plain just to the north of the Danube. Eventually they were pushed back beyond the Danube.


(This is the view from the apartment for sale shown in the picture below.)


Sibui has an intriguing history. It is first mentioned in Vatican records in 1191. 100 years later the first hospital in present day Romania was opened in the city. Since that time it has registered an amazing number of firsts. I take the following list from Wikipedia.

    •    1494 - The first pharmacy in present-day Romania.
    •    1534 - The first paper mill in present-day Romania.
    •    1544 - The first book in the Romanian language was printed in Sibiu.
    •    1551 - Conrad Haas' experiment with rockets.
    •    1782 - Franz-Joseph Müller von Reichenstein discovered the chemical element tellurium.
    •    1788 - First theatre in present-day Romania.
    •    1795 - The first lightning rod in Southeastern Europe was installed in Cisnădie.
    •    1797 - Samuel Hahnemann opened the world's first homeopathic laboratory.
    •    1817 - The Brukenthal Museum, the first museum in present-day Romania, was opened.
    •    1867 - Union of Transylvania and Hungary
    •    1896 - The first use of electricity in present-day Romania, and the first power line in Southeastern Europe.
    •    1904 - The second city in Europe to use an electric-powered trolley.
    •    1918 - Union of Transylvania and Romania. Sibiu became part of Romania
    •    1928 - The first zoo in Romania.
    •    1941 - Saxons lost their historical majority in the population
    •    2007 - European Capital of Culture 2007

It is interesting to note that it was only during the second world war that the influence of the Saxons started to wane. But what all of this means is that the place is a fascinating town to visit, with much to see, and has a special fascination for visiting Germans.

Looking at the ethnic make-up of the city over the years it is easy to see why this is so.

In 1850 Germans numbered nearly 9,000, whereas Romanians barely numbered 2,000, and Hungarians less than a thousand. Even in 1930 there were more Germans than Romanians. The numbers have only dropped drastically since the Ceascescu regime.

Despite the serious drop in Germanic influence it is interesting to note the current mayor is actually German.

Sibiu is one of the most prosperous cities of Romania, and also receives one of the highest rates of foreign investment in the country. It is an important manufacturer of automotive components. Other local industries are machine components, textiles, agro-industry, and electrical components (Siemens).

Sibiu has an international airport with direct connections to Germany, United Kingdom and Austria as well as to other Romanian cities. The airport is one of the most modern in Romania and the runway will be able to receive all types of commercial aircraft, including the Airbus A380, from 2008. Lufthansa flies to the city from Birmingham, while several other companies are operating in the area.

There are also two motorways proposed that will by-pass the city, due for completion in 2014.


The city of Sibiu and its surroundings is one of the most visited areas in Romania. It holds one of the best preserved historical sites in the country, many of its medieval fortifications having been kept in excellent state. Its old center is a UNESCO World Heritage Site. Sibiu and its surrounding area have many significant museums, with 12 institutions housing art collections, paintings, and exhibits in decorative arts, archaeology, anthropology, history, industrial archeology and history of technology and natural sciences.

The city also lies close to the Făgăraş Mountains - a very popular trekking destination, close to the Păltiniş resort - a popular winter holiday destination. Păltiniş is a mountain resort situated 35 km south-west from Sibiu in the Cindrel Mountains at 1440 m altitude, being the highest resort in Romania (tho not the highest ski run). It lies in a coniferous forest, and it is a popular winter destination, while in the summer it is sought for its calm, its fresh air and for the easily accessible trekking routes.


One of the main tourist interests of the Sibiu region are the fortified churches. Due to security reasons and the traditions of the Saxon inhabitants, the villages are compact.


The main element is the church, always situated in the middle of the town. Different types of fortifications can be found: a small enceinte around the church, a row of fortifications around the church, or a real fortress with multiple fortification walls centered on the church.


The churches have been adapted to include defensive functions; all of them are either Romanesque basilicas or single-nave churches of the late Gothic period. The churches often include many additions, ranging in age from the original period in which the churches were built (Late Middle Ages) to the 16th century. Many churches also include baroque elements from that period, as the baroque style was very popular in the region.


In almost all cases, the church is situated in an easily defendable position, generally on a hilltop. Some fortifications had observations towers, some of them being church towers adapted to the needs of a fortress. The materials are the traditional ones, stone and red bricks, with a red clay tiled roof.

Close to the church there is the main square of the village or Tanzplaz (Dance Square) around which the social life gravitated. The only buildings situated next to the fortifications are those for communal use: the school or the village hall. The parish house, along with the houses of the most wealthy villagers, were situated around this square. Also in most sites, barns for grain storage are situated close to the centre of the village.
Sibiu is one of Romania's most culturally lively cities. It has two theatres and a philharmonic orchestra.

Several festivals are organised yearly in Sibiu, the most prestigious of them being the Theatre Festival, organised each spring at the end of May. The oldest Jazz Festival in Romania is organised here, as well as the "Carl Filtsch" festival for young classical piano players, the "Astra Film" documentary film festival, and the Transylvania Calling Festival a Multi-Cultural six day open air music festival!

Finally, it is intriguing to find that Sibiu is European city of culture this year whereas Liverpool is next year, and Sibiu is twinned with Wirral.
With all of the above, plus the lovely scenery in the area, plus the old fashioned agricultural methods still used, the area has to be first class tourist country.

To make things easy for access the low cost airline Wizzair flies to the nearby international airport of Tirgu Mures from Luton, Barcelona, Rome, and Dortmund.

I dont expect an investment here to make masses of money, but it could well be a comfortable little earner with a longer tourist season than any coastal area. You could be looking at a nine month season. It would also make a rather special holiday home for those interested in culture, an old fashioned way of life, skiing, and hiking holidays in the mountains.

Next  >>>

© John Clare and The Property Organisation 2007