Based in Luxembourg, Icon Capital Sarl is a limited liability company established by Dirk Coetzer and Gregory Upton in 2008. Since that time, Icon Capital Sarl has focused its investment efforts on several areas, including mortgage-backed securities, emerging sports-broadcasting technology, and property developments in such Balkan countries as Romania.
Along with a political climate that continues to improve under the government of President Klaus Iohannis, the Romanian economy is on an upward trend fueled by better fiscal policy and strong consumer spending. Romania’s recent economic growth has had a positive impact on the country’s real estate market, which has been improving steadily since the beginning of 2015.
In addition to low interest rates and higher levels of residential construction, most Romanian cities have seen an increase in housing prices and a greater demand for supermarkets, convenience stores, and restaurants. These developments have created a number of new investment opportunities, and Romania is now an appealing destination for outside investors across all sectors.