Ref: AR14

Price: 101,233-176,051 EUR
(approx.  £ 91,110-158,446)

Location: Bucharest, Pipera, Romania

Bedrooms: 0
Bathrooms: 0
Property size: N/A
Plot size: N/A

Views: countryside
Condition: off plan

On the Map

Off-plan residential development in Pipera, Bucharest

This is an off-plan residential development in the Pipera district of Bucharest. Pipera
lies to the North East of the city with plans for extensive development to become a
thriving, sought after municipality within Bucharest.
Completion: late 2009

Investment highlights

• Ideal location in the emerging Pipera business and residential community;
• 60 apartments available, set out in 4 blocks of 15 units;
• 56 x studio apartments, 4 x one-bedroom apartments finished to a high quality;
• Prices from £79,704 to £147,937 including parking space, furniture pack and VAT;
• 25% deposit, 75% on completion;
• Rentals of £395 - £615 per month;
• Up to 7.5% rental yield;
• Predicted capital growth of 15 - 20%;
• New infrastructure;
• Close to Baneasa and Otopeni airports.

Available apartments

Studio apartments, 53 m2 - from 101,233 euro
1 bedroom apartments, 62 m2 - from 141,557 euro
Parking spaces available at the price of 6,385 euro

All prices for the apartments excluding parking space, furniture pack and VAT.

About the area

70% of residential and 60% of commercial developments in Bucharest are being built in
Pipera, making this development a prime investment opportunity. Pipera is set to become the Canary Wharf of Bucharest with unlimited demand.

With laws to protect the green areas, Pipera has a better temperature and air quality
offering improved lifestyle outside of the city centre. The close by mountains offer all
year round recreation.

New schools are under development to cater for the influx of young families migrating
out of the city centre, and a new sports and leisure facility is being built just a 20
minute walk away from the development.

Why investment in Romania

Romania has experienced some of the largest and fastest growth in 2008 at 6%. As a
result, overseas investors are increasingly looking to this active property market.

Romania offers a wealth of history and culture in a diverse landscape, and has been
dubbed the world's top investment destination for the next ten years in a survey by
PriceWaterhouseCoopers and Channel 4, heightening interest from overseas investors.