Description

Sunrise Development is ideally located opposite Auchan, the biggest shopping center in East Bucharest and has numerous metro, bus and tramway connections which make commuting to the centre of Bucharest extremely easy. We have reserved the apartments on the highest floors of the building (10th and 11th floors) with the best panoramic views over the surrounding area.
A fantastic payment schedule of 25% on reservation - 75% on completion in June 2010 makes sure that any investor buying this development will enjoy 2 years of capital appreciation before completion – a fantastic opportunity.

So far this project has been exclusively sold to the local market. With 600 apartments reserved in the first 5 weeks of launch it has been a sure fire hit with the local market. This local interest in our opinion is a key indicator of the long term growth in this part of Bucharest.

So far this project has been exclusively sold to the local market. With 600 apartments reserved in the first 5 weeks of launch it has been a sure fire hit with the local market. This local interest in our opinion is a key indicator of the long term growth in this part of Bucharest.

KEY SELLING POINTS
+ Ideally located opposite Auchan, the biggest shopping center in East Bucharest
+ Numerous metro (Titan & Nicolae Grigorescu Stations), bus and tramway connections
+ Best orientation and highest floor (10th and 11th floors) apartments reserved
+ 25% on reservation - 75% on completion in June 2010!
+ Underground and outdoor parking spaces
+ Completion in June 2010
+ The developer has extensive experience in residential (e.g. Quadra Place in Bucharest) and commercial (Ikea, Cora, etc) developments
+ Raiffeisen Bank is the financing bank of the development
+ Expected Rental yield: 8% gross pa
+ Expected capital growth: 20% pa

. Total land surface: 18,221 sqm
. 24/7 security including video monitoring
. Fully finished bathrooms
. Air conditioning in each room
. The opportunity to customize your finishings
- €3,170 arrangement fee on signing the sale-purchase agreement
- Area: Titan, Bucharest
- Mortgage: available, 85% LTV
- Advised exit strategy: mid-term (3 years after completion)
- Currency: New Lei

FROM ONLY EURO 65,710 FOR STUDIO APARTMENT INCL. VAT
PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.

Why Invest In Bucharest?
Major shortage of accommodation
Known for its wide, tree-lined boulevards, glorious Belle Époque buildings and a reputation for the high life (which in the 1900s earned its nickname of “Little Paris”), Bucharest, Romania's largest city and capital, is today a bustling metropolis.

Known for its wide, tree-lined boulevards, glorious Belle Époque buildings and a reputation for the high life (which in the 1900s earned its nickname of “Little Paris”), Bucharest, Romania's largest city and capital, is today a bustling metropolis.

There are two million Romanians living in Bucharest and last year 8,800 homes were built across all sectors and demographics. City planners believe there is a need for 200,000 extra homes specifically for the emerging middle classes. (Source: National Housing Authority, Romania 2006)
This demographic demands very large luxury new build apartments and the limited supply is creating a market that is growing and capital appreciation is expected to be between 20% and 30% in 2007. (Source: Country Guides- Romania from Channel4.com)
Bucharest is currently undergoing the biggest property boom in Eastern Europe. The capital appreciation here is in everybody's mouth. What we can be sure of is that the demand for good quality, modern accommodation is driving prices fast.

New developments are usually sold out 12 to 18 months before completion. Although property prices are rising quickly in Romania, they remain cheap by Western standards.
Romania’s metropolitan zones offer excellent opportunities for real estate investors. Bucharest is the economic hub of the country, generating around a fifth of the country’s GDP. Investors wishing to capitalise on the buy-to-let market currently have a choice of locations where they can purchase Romanian property at favourable prices, even compared to the other Eastern European emerging markets, with a view to making impressive returns.

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Locations

Agent Contact Details

• 29 Wellington Quay
• Temple Bar
• Dublin 2
• Co. Dublin

• Tel: +353 (0) 1 677 11 88
• Fax: +353 (0) 1 677 11 98
• Email the Agent

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