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La Residance

Buy-to-let Investment in Brasov


KEY SELLING POINTS

+ Aimed at the local market where there is local affordability and strong demand expected for years to come, ensuring a ready market for investors wishing to take their profit;

+ Location: Brasov, in the central eastern part of Romania in the Transylvania region, 170 km from Bucharest. Brasov: third biggest city in Romania, with a population of over 350,000 which increases to over 500,000 during the busy summer holiday and winter sports season;

+ Construction of the first phase started in October 2007 with completion expected between October 2008 and March 2009;

+ 60% of La Residance will be sold to the local Romanian market, which comprises both local residents and wealthy Romanians looking for a trendy holiday retreat;

+ Extremely attractive prices: 1 bedroom apartment starting from 81,000 Euros including VAT. Payment schedule: 20% on reservation, 80% on completion.



CONTROL PANEL
Area: Brasov, Transylvania
Mortgage: available on completion, 75% LTV
Completion: March 2009
Currency: New Lei
Advised exit strategy: mid-term
Payment plan: 20% (reservation), 80% (completion)
Price: 1 bedroom from 81,000 Eur including VAT


DESCRIPTION OF LA RESIDANCE RESIDENCE

Facilities
The completed development will include a gymnasium, kindergarten, sports facilities and some commercial units for convenience shopping and restaurants.

Management
The management of the development will be undertaken by the developeruntil the development is fully completed and handed over to the residents property management company. A property fit out and letting service is also available through our local partners, which will provide a complete turn key solution for investors.

Terms
3,000 Eur refundable booking deposit, the balance of 20% on signing contracts within 30 days and the remainder on completion in 13 months.


PICTURES OF LA RESIDANCE
                    

ENQUIRE ABOUT LA RESIDANCE
Property report content
Why Buy in Romania
The rental market
Overview of La Residance
Technical Specifications
Pricing and Financials
Step by Step Buying Process

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Romanian Properties Ltd now provides access to Paypal to enable its clients to reserve a property online (reservation fee: 1,000 GBP).
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