| Status |
Active Listing |
| Type |
Apartments |
| Location |
Bucuresti |
| Country |
Romania |
| Sq.Ft |
N/A |
| Beds |
2 |
| Price
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€82,500 |
| Property experts project an Annual rate of return of : |
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N/A |
| the return on your investment in one year: |
N/A
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 For further reading on "property market in Romania" visit EMP Advisers website. |
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on "Apartment on Camtemir Bulevard" |
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Center Bucharest on Camtemir Bulevard, one of the best areas of Bucharest.
In the last 2 years, the price of apartments grew by 250% in Bucharest. The average growth rate is now 50 % /year.
Bucharest's population is expected to double, reaching 5 million people by 2010, which will lead to an even bigger gap between demand and supply (even currently demand outstrips supply).
INVESTMENT POINTS:
The pre-EU accession excitement that has paved the way to a dramatic increase in real estate prices in recent years, especially in major cities and tourist areas has led to an average 10% rise in cost of houses, apartments, and property in Bucharest and other major cities between December 2004 and January 2005(less than 1 month!!). This means that an investor could have bought and sold a property and made a 10% profit in less then two weeks in the Romanian real estate market.
* 30% rise of prices in the next year
* Retrieve of VAT, 19% of the value
* Remarkable Location
* A rent of 700-1000 euros/month will not be unusual
* 30 min distance from Henri Coanda international airport
* Public transport
* 50% gross profit is achievable on resale
DESCRIPTION:
In the last 2 years, the price of apartments grew by 250% in Bucharest. The average growth rate is now 50 % /year.
With this opportunity you can purchase an apartment situated on first floor from 5, comfort 1, with furniture, closed balcony, double-glazed windows, recently renovated, own heating system, alarm, air conditioning, metallic door, grit stone, faience, parquet, 40 sq m, all papers. |
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