Bucharest Profit Land Plots Greenfield the next suburbia of Bucharest Own a piece of Romania, in capital city Bucharest from only 15000 per plot!! Location next to top highway in the country, near beautiful lake and with forest views Growth of at least 100% in the next 2 years EU members since 1 st of January 2007
OVERVIEW Romanian Deals through our experts on the ground in Romania presents a new concept in land investment in Romania "Bucharest Profit Plots ". Land is arguably the most profitable form of investment in any country. However many countries, including Romania place restrictions on foreigners acquiring pure land. This is just the start of complications investors experience when attempting to invest in land in a foreign location. With "Bucharest Profit Plots " all of those obstacles are surmounted and exceptional land investment opportunities are accessible for all investors at all investment levels. The Bucharest Profit Plots are located in the north east part of the city in the incorporated township of Balotesti, a suburb of Bucharest. The area is about 5 kms from the International Airport Otopeni and at about 2 kms from the EU superhighway. The total land plot is 9000 sqm. Individual plots range between 500-600 sqm. All plots have road access, all utilities and are zoned for residential development. In fact, you will see in the pictures that the residential development touches the land. The prices in Balotesti average at around 45-90 /sqm, however this land has just been incorporated into the township and is for sale at 50 /sqm.
What are Bucharest Profit Plots? They are highly profitable plots of land meeting the following criteria: * they are zoned residentially * they have all utilities * they have road access * they are in an area considered in demand * they are hot opportunities that are time-limited only * the overall land size is large enough to ensure a reduced purchase price but not to large to be hard to move in the future * a plot costs less than 15,000! What is the Bucharest Profit Plots Opportunity? In addition to meeting all the criteria above the current opportunity in attractive for the following reasons: * 2 kms distance from a EU highway * land in area currently incorporated into Balotesti a suburb of Bucharest where developers have just turn their attention to. It is still offered at a much lower prices than the average for the town * new homes in the vicinity of the current property * Bucharest is experiencing the growth of a mega suburbia and this land is ideally located, following current construction patterns.
Different views from the land plot showing existing houses close by
Forrest View
Location of the land, north of Bucharest
Location by the DN1 superhighway (1.5 kms) ) & airport (4 kms)
Land location in the town of Balotesti
Plotting structure
What is the Cost? Plots range between 500-600 sqm/plot and cost 50 / sqm. Notaries rather than solicitors typically oversee the transfer of ownership and their costs are low. COMPANY FORMATION & MANAGEMENT FEES is 2490 (all fees included + rental of address, ready to trade). ADMIN FEE + NOTARY CHARGES + LAND REGISTRY FEE is 500 /plot. You can reserve as many plots of land as you like. Example Legal fees for N plots is calculated as follows: EUR 2490 + N x 500 for N plots Discounts apply as follows: For 2-3 plots purchased a discount of 1 /sqm is given For 4-7 plots purchased a discount of 1.5 /sqm is given, For >= 8 plots purchased a discount of 2 /sqm is given.
Mortgages available!! RomDeals Property is pleased to announce the availability of the first mortgages for non-resident status investors. This simply means that British or other EU investors can now apply to purchase property by gearing up their investment with the help of loans from a Romanian lender. We are using only established and licensed lenders (usually a bank) from the local market. Romanian financial market though very young is very dynamic and deals change continuously. In our quest to offer a complete service package to our clients we are proud to announce our brand new offer for our clients All you need is a 50 % deposit and the bank gives you the rest with an interest of around 9.95 % per year. Making money from land is very easy. It can be done without undertaking any development. Our advice with Profit Plots is to keep the land purchased as land banking. This makes perfect sense in Balotesti since the town is on its way to be incorporated into the Bucharest Greater Metropolitan area. Our land allocation is in the future residential area of the town. You just have to keep it for some years. Then sell it. As simple as that and you can double your investment in a few years with an interest bigger that any bank can offer. All you need is a 50 % deposit and the bank gives you the rest with an interest of 9.95 % per year. To apply for the service there is a non-refundable admin fee of 500 payable at submission of your application.
Documents necessary for mortgage loans to UK citizens 24 hours approval Passport and ID-copy Bank statements for the last month (in original) Pay slips for the last 12 months (in original) Mortgage loan contracts (debt), the last statement(s) with the balance of the loan-original Letter of employment (company name, position, salary, history of employment with the company) (in original) Loan applicant information: name, home address, e-mail address, phone number Note: The documents must be scanned and sent to office@romdeals.com for the pre-approval.
What is the Exit Strategy? We firmly believe that this is such a great offer that we are prepared to offer a 100% guaranteed return for the value of the investment after three years. However, given the proximity to Bucharest and the close location to the major highway road to Bucharest this investment will value a lot more in three years. It should grow by at least 100%, that is to go to around 100 /sqm, which is still the price that is already paid TODAY in many areas of Balotesti!
Tax When buying property or land in Romania, there are no different tax rules or special taxes for foreigners. As with all tax systems, the rules are complex and you are strongly advised to seek professional advice from a tax specialist. Property transfer tax The sale and purchase of real estate located in Romania are subject to stamp duty and notary fees. Stamp duty is charged as a percentage of the value of the transaction (the marginal rate can be up to 2%). Notary fees of up to 2.5% are usually added. Value added tax As a rule, transfer of immovable property in Romania is subject to VAT charged at the standard 19%. However, special VAT simplification measures apply in the acquisition of land and buildings, provided both the seller and the buyer are registered in Romania for VAT purposes. In this case, the seller and the buyer account for both input and output VAT without any VAT cash flow. Capital gains tax Non-resident legal entities are taxable in Romania at the standard profits tax rate of 16% for the capital gains realized from selling ownership right over a local company. Profits derived from the direct sale of real estate in Romania are also subject to the standard 16% tax.
Dividend tax Dividends paid abroad by a local company from its profits are subject to a 16% withholding tax in Romania. However, this tax may be reduced (even to zero) under the provisions of some of the double tax treaties signed between Romania and other countries. Local taxes Owners of buildings are required to pay an annual building tax to the local authorities. For companies, such building tax would range between 1 and 2% and 1% of the book value of the building. Land owners are liable to pay the tax on land, which is established as a fixed amount per m2, depending on the location.
How to Reserve and Purchase Fill in the Reservation Form below Wire transfer 10000 to the bank account of Romanian Deals (details will be supplied). Prepare the remainder of the funds to be ready within one month maximum. Complete the documentation when sent to you to be added to the Company created in Romania for the ownership of this land. RESERVATION FORM PERSONAL DETAILS FULL NAME ADDRESS HOME TEL E-MAIL PASSPORT NO. ISSUE DATE: D.O.B MOBILE: ISSUING AUTHORITY: EXPIRY DATE: Please submit this form via fax on 004 0318 161 159 or via e-mail at office@romdeals.com. You can call us on 004 0745291788.
Bucharest profit land plots TM CONTACT: real estate developer RAZVAN SATNOIANU GENERAL MANAGER Tel: 0040 745291788 0040 730031441 office@romdeals.com SIMONA MUHA MARKETING ASSISTANT Tel: 0040 730031434 simona.muha@romdeals.com ANDREEA ROCEANU MARKETING COORDONATOR Tel: 0040 730031438 andreea.roceanu@romdeals.com BIANCA ADOCHITII MARKETING ASSISTANT Tel: 0040 730031439 bianca.adochitii@romdeals.com www.romdeals.com