5th Floor, One Bedroom Apartment. Bucharest

One Bedroom apartment in Bucharest, part of the development project, Belvedere Residences. This project is located in the northern district of Bucharest, 5 km from the city centre. Moreover, it's close to the Barbu Vacarescu business area. For a central district the property is within walking distance of Lake Tai and the verdant King Mihai Park.


5th Floor, One Bedroom Apartment. Bucharest

One Bedroom apartment in Bucharest, part of the development project, Belvedere Residences. This project is located in the northern district of Bucharest, 5 km from the city centre. Moreover, it's close to the Barbu Vacarescu business area. For a central district the property is within walking distance of Lake Tai and the verdant King Mihai Park.


Apartment Price
67,891 euro

Total Investment
73,980 euro

Status & Completion
Under Construction. February 2021

Apartment Size
36.67 Sqm

Terrace
5.57 Sqm

Property Developer
Belvedere Development

Floor
5

Additionals
Parking plus 6,545 euro

Apartment Price
67,891 euro

Total Investment
73,980 euro

Status & Completion
Under Construction. February 2021

Apartment Size
36.67 Sqm

Terrace
5.57 Sqm

Property Developer
Belvedere Development

Floor
5

Additionals
Parking plus 6,545 euro

Continue
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Romania has thrived economically since 2008 economic and which the help of foreign investors and the governments reform to support real estate buyers. Housing prices are back on the rise & the demand is beginning to increase. There was an increase of 10% in the last two years.


Since the fall of the Soviet Union in 1989 Romania is now considers as Europe's eighth largest economy in terms of purchasing power. The unemployment rate is 3.9%, which is lower than the EU average of 6.7%. Furthermore, the European Commission have forecast further Romanian economic growth at a rate of 3.8% over the next year.

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The Capital of Romania, Bucharest is not just the economic centre of Romania. But also one of the largest financial influencers in Easter Europe.


Moreover, the city's exponential growth is driven by the conservation and renewal of it's dilapidated infrastructure. No longer will you see grey tenements. Instead look out for glistening skyline filled with residential flats, shopping malls and high-rise offices.


What makes Bucharest unique is the diversity amongst residents. There are around 20 colleges and academic institutions hosting over 130,000 students, local and international. Which contributes to the nightlife, bars, clubs, restaurants and general buzz in the city.

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Characteristics: The project has been built with the highest standards, aimed at an audience with active professional and family-oriented lifestyles. This apartment is in part 3 of the project comprising of 1,556 apartments in 13 buildings.


Location: The development is location in the Babu Văcărescu area of Bucharest, with a direct view of Lake Tei. Close to the main business parks and the Pipera and Aurel Vlaicu subway stations. The project is also close to shopping malls, schools and various local amenities.


The Developer: Belevedere Development are one of the most renowned property development and construction companies in Romania, with over 25 years experience and dozens of projects across the Romanian market.

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Capital Gain


Yield from Rental

  • The rental yield for properties in Bucharest is around 6%

FAQs

The apartment costs are paid directly to the Developer and are protected by international sale law. Furthermore, payments are made by personal bank transfer and will be protected in an escrow account until you are satisfied with the construction progress and project completion.

No payment is made through this system.

If you have any further questions, please don't hesitate to contact our Investor Relations Team.

Cost Breakdown

Developer Charges

  • Apartment Price: € 67,891
  • Parking Space: €6,545 (not-mandatory).

Non-Developer Costs

  • Legal Expenses that accompany the transaction €2,000.

Investmart Costs

  • 5% additional cost for the Full Management Services.
  1. After decided to invest through our platform, our representatives will contact you in order to guide you through the next stage of the process.
  2. The next step may involve meeting with a Notary at a location (in your home country) convenient for you, and to sign a Power of Attorney in his presence. This allows us to represent and facilitate the investment process for you.
  3. Following from this, you’ll be requested to transfer the investment amount to the dedicated ancillary account, in accordance with the amortisation schedule. In addition, you’ll be required to transfer the management and platform service fees.

All you need to do is click "continue" follow the steps, agree to the terms of our Management Agreement and click invest. We will manage everything from there. If you have any questions about the process or our management agreement, contact us here.

One of the main benefits to using our platform to procure new property developments is the use of our management services. Although, this page makes us look more like a realtor, we are not.

We provide a management service to property investors looking to diversify their portfolio abroad. Which will include managing the entire sales process, negotiations with the Property Developer, Interior Designers and Contractors. In addition, we'll help you set up a bank account and perform all the legal legwork.

In a nutshell -- with your investment you will receive:

  • Full management of the procurement process
  • Organisation of all legal and bureaucratic procedures
  • Regular construction updates & photographs
  • Ability to pay with instalments
  • Payment is not required through our platform
  • Fully Managed after purchase; including Tenant Sourcing & General Management
  • Everything can be viewed & managed from your Investmart account

No. There is no need to transfer a credit card nor a bank account number on the website. All the payments within the framework of the purchase are carried out by personal bank transfers.

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