 |
|
 |
 |
|
 |
|
Property investment Romania: Reasons to Buy in Romania
If you are looking for an investment with a high return or if you want to buy a property to spend some relaxing time in, here are reasons why you should buy a property in Romania:
Despite the continuous rise of the prices of real estate properties, the market in Romania offers still the most attractive investment opportunities among all other countries in the EU.
Statistics for the last two years show that prices for both land and homes have doubled in some areas and specialists assume the market will follow the same course in the next five to ten years.
>>RomaniaProperty.com
|
|
 |
Buy a Property
DESCRIPTION OF THE SUNRISE RESIDENCE
+ The Sunrise Residence is located on the growing East side of Bucharest close to the Auchan supermarket and the currently built shopping mall;
+ 988 apartments compose the Sunrise Residence, spread over 8 buildings and 11 floors;
+ Underground and outdoor parking spaces;
+ Completion in June 2010;
+ Easy access to the Titan and Nicolae Grigorescu metro stations;
+ The developer has extensive experience in residential (e.g. Quadra Place in Bucharest) and commercial (Ikea, Cora, etc) developments;
+ Raiffeisen Bank is the financing bank of the development. |
| |
 |
Rent a Living
Apartment details:
A real alternative to hotels, located in Unirii Square, it is the only flat situated at the last level, above Horoscop Hotel. It comprises large rooms, entirely air-conditioned. The open living room is a light area simply furnished with leather sofa and armchairs, high-tech endowed. The sobre line of furniture is continued in the bedroom (a dark wood master bed, night stands and full sized wardrobe). The open kitchen is fitted for self-caterings (devices, ustensils, china, dine-in nook and furniture made to measure). The bathroom is a special place for its appliances: jacuzzi bath tub, power shower, basin, lavatory. Besides the two usual balconies, the residence's style is enhanced by its terrace, the roof beeing entirely ceramic covered and furnished with deck chairs. |
| |
 |
Land investment
Land investment in Balotesti, North of Bucharest
KEY SELLING POINTS
» 20% Below Market Value;
» One of the most sought after locations in Romania in the years to come;
» Between the DN1 and the future Bucharest-Brasov motorway;
» 2.5 kms to the 2nd ring-road around Bucharest;
» The plot is 3,250 sqm: it can be either be parceled into 6 lots of 542 sqm each (price: 35,208 Euro only per plot), or 1 lot (211,250 Euro per plot); |
|
|
Real Estate in Romania News
April 20th, 2008
Biggest Mall Opens in Romania Today
Romania’s biggest mall opens today in Băneasa, an area in the northern part of the capital, Bucharest, national media reported.
The Băneasa Shopping City will contain 221 stores, of which 70 per cent are open to customers today. The cafés and restaurants are expected to begin work after next weekend’s Easter holidays the Romanian newspaper Evenimentul Zilei reported.
Beside cosmetic and decorative objects, the mall will also have clothing brands that are entirely new to the Romanian market.
A relatively new phenomenon, no shopping malls existed in the Balkans until a few years ago. Just in the last couple of years, however, they have sprung up en masse and largely replaced the street-side stores and the department stores left from the communist era as preferred shopping places.
Just in Bucharest, there are already 11 malls, including the Băneasa Shopping City one, and 10 more are to open within the next two years. In Romania altogether, there will be more than 70 malls by 2010.
April 14th, 2008
Irish businessman planning €591 million shopping centre
April 14th, 2008
A property-development firm run by Irishman David Sharkey has formed a joint venture to develop a €591million shopping centre in Romania.
Warsaw-based Caelum Developments, which is headed by Sharkey, has formed the 50:50 joint venture with an international shopping centre company called Sonae Sierra.
They plan to develop Parklake Plaza - which will include a range of international shops, a supermarket and a 14-screen cinema - on a 20-acre site in Bucharest.
The Parklake Plaza site will also include two residential towers of about 300 apartments each. The five-level shopping centre is scheduled to open in April 2011, with almost 1.2 million square feet of floor space, making it one of the biggest shopping centres in Europe. It will have 443 shop units and 3,300 underground car parking spaces.
According to a statement from the firms, the ‘‘total gross investment, excluding Vat, is estimated at €591 million’’. Caelum Developments, which describes itself as ‘‘a specialist retail developer in Eastern Europe’’, was founded in 2002 by Sharkey’s Capital Partners Holding and focused initially on Poland.
It entered the Romanian market in 2006 and sourced the Parklake Plaza site in January last year. The firm has 46 properties in Poland, Romania, Hungary and Germany.
Sonae Sierra owns 47 shopping centres in Portugal, Spain, Italy, Germany, Greece, Romania and Brazil. It has almost 30 other projects under development.
March 24th, 2008
Ford Closes Deal in Romania
Ford on Friday officially took control of Automobile Craiova, the former Daewoo operation here, for a token payment of $80 million and a promise to invest more than $1 billion. Ford executives said the factory will assemble the Transit Connectin 2009 and a new small car in 2010. |
|
|
|
|
|
