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| Investment Facts |
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"Based on market statistics, rental apartments in Pipera can yield up to 20% annually"
Why to invest in residential real estate in Romania?
The high level of demand for residential real estate in Romania is influenced by a number of factors:
A dramatic improvement in economic indicators, resulting from European Union requirements of adhering to budgetary discipline,
Declining rates of inflation and unemployment, leading to a significant increase in consumer potential,
Rising living standards and income strengthens middle class motivation to upgrade residential conditions and adopt Western standards,
The influx of economically stronger population groups from the rest of Europe, foreign representatives and delegates, and multi-national corporation personnel,
A large proportion of deteriorating Communist-era structures, and a marked lack of modern apartments,
Romanian law, which allows investors to unreservedly remove capital and earnings from State borders.
Quotes:
"The Romanian residential market will continue to experience growth as the market depends on the supply /demand ratio, which is still extremely low." ['Colliers' market report]
"We estimate that by the end of 2008 the stock of new product will be 5,000 units, and by 2010 will grow to 15,000. The yearly absorption of new apartments will increase from 10,000 in 2008, to 20,000 units in the next 3-4 years." ['Colliers' market report]
"The decision to buy new product instead of older apartments is also affected by the life expectancy of the apartment blocks built pre-1989, which will be at the end of their life span within the next 15 years." ['Colliers' market report]
"We believe the prices will maintain an upward trend; and we should see a 5% average increase for the first half of the year. By the end of the year we will probably see a total 15% price increase." ['Colliers' market report]
Why Bucharest?
According to estimates, Bucharest will double its population over the next 10 - 15 years, to over 4 million residents;
55% of foreign investments in Romania target the capital, thus attracting an increasingly growing labour force;
Bucharest has the most active real estate market in the country.
Why Pipera?
Based on market statistics, apartments for rent in Pipera yield up to 20% annual return.
Pipera has been historically a high class address and is considered now as the most sought-after residential area in Bucharest. It is the most developed section of the city, containing about 21% of all new residential units. It is also clear that the high end of the development of Bucharest is expanding to its north boundaries and therefore, it's expected that Pipera will become the biggest and most developed suburb of Bucharest in the coming years and of high interest to both buyers and tenants.
Hundreds of thousands of square meters of new office space, currently under construction, are expected to attract a large population of educated and highly cultured residents of means, seeking living quarters near their place of work.
Pipera is close to the international airport, offers easy access to the highway leading into the city centre, on one hand, and to the mountain ski resorts on other. It boasts a natural environment of parks, lakes, forests and crystal-clean air. It lies adjacent to the largest and most modern shopping centres in Bucharest. It offers the best educational facilities in the region.
Based on current city zoning plans, Pipera is characterized by massive transport and infrastructure development plans, including a new highway that will cross Romania and pass close by the neighbourhood.
Why Green Vista?
- An exclusive and intimate 229-unit complex - the best in the area, all uniquely designed and attractively priced.
- Excellent return on investment - high rental rates
- The only complex located across the road from the American School with a south-facing facade.
- The American School is a low-standing structure, enabling residents a uniquely unobstructed view, abundant sunlight and an incredible forest vista.
- Each 35-unit building has its own controlled entrance with intercom and security staff and luxurious lobby
- High-end finish.
- Air-conditioned apartments.
- Exclusive tenants' club.
- Children's club & library
- Direct access to World ClassŪ health academy.
- Delivery 10/2009
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Visit us at our new sales center: Pipera - Tunari 198,
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| Tel. (+04) 021.267.40.42 Fax. (+04) 021.267.40.26 |
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