Builder: Provided by TheMoveChannel.com
Address: Cluj-Napoca
Region: Cluj
Location:
Country: Romania
Investment: No
Stories: N/A
Units: N/A
Bath: 1
Bedrooms:
Unit Size: Contact Builder
Price: $52,095 - $253,443
Phase:
Leaseback: No
Completion Date:
New payment terms: 30-70% * off plan apartments in one of the world's most dynamic investment destinations - Cluj-Napoca * strategic location near the Polus Centre and the area of the international companies * excellent transport links, all amenities nearby * very competitively priced for this location * with 4* hotel, leisure and entertainment facilites * maximum return on your investment
We are pleased to introduce high standard off plan apartments in one of the world's most dynamic investment destinations, Cluj, Romania's gate to the West.
Investment facts
GDP reached 8.2% in the first quarter of 2008 due to the FDI flooding into the country and the high and stable growth in the construction industry
Foreign investors have lately diverted their investments from Bucharest to Cluj since it is closer to the western border with easy access to whole Europe, therefore Cluj has become the most desirable investment location in Romania as a second tier city
Cluj hosts an amazing number of software companies along with several multinational names such as Nokia, BMW, Mercedes etc creating thousands of jobs for the locals. As a result, Cluj is the centre of employment in Romania with the lowest unemployment rate
The exceptionally high employment rate resulted in strong demand for new build properties and a boost in the rental market. In addition to this, Cluj hosts more than 10 universities, including the most popular ones in Romania and therefore a 100.000 student population. These students are attracted by the low unemployment rate and high salaries offered by the international companies and they stay in Cluj after their studies.
As a result, the population is increasing at a high rate: according to the experts the population will be tripled in the following years. (at the moment it is 313 000, with the suburbia it is 500.000!)
Foreign investment in Cluj-Napoca has centred around the large Polus Center next to the main road at the entrance of Cluj
The development is favourably located next to this main road a few minutes far from the Polus Centre, so the professionals looking for quality living will find their dream home here. The project is highly recommended for short term investments as well since locals prefer to buy completed apartments.
Incredible capital growth: thanks to the fast improvement in the area the capital growth is around 20% p.a. and is expected to be even higher in the following years, due to the strong demand and limited supply of newly-built apartments in the Cluj area
Cluj Napoca is the second richest and the fastest improving city in Romania
Mainly locals purchased at the previous phase of the development because the payment terms were only feasible to locals until now.
Property Investment
This project is an excellent opportunity to acquire a property in the most desirable investment location of Romania, Cluj-Napoca.
The project
The development is situated in a very good area of the city (the Billa supermarket, OMV petrol station), a generous space, an excellent location which allows very easy and quick access to any spots of the city.
The condominium is a modern architectonic ensemble, of large proportions, designed according to the Occidental principles of building living spaces in the urban area.
The complex is an urban space which groups 3 18-story towers, 4 12-story towers, with a total amount of 470 apartments which are different in size, a commercial centre, a hotel, with very practical access areas, green areas, car parks, leisure and recreation areas. It is extremely different from the way we have been used to see apartment buildings and districts in Romania. The developer proposes a new approach to the way we build and live, within a contemporary, generous, warm and safe space.
The underground car parks present a huge practical advantage, with their multiple access ways and far greater security.
The condominium offers a unique sight from the top of its 7 residential towers, and from the west side a spectacular view of the Apuseni Mountains opens.
Please note that prices are exclusive of VAT (19%).
- Region: View All "Cluj Apartments"
- Country: View All "Romania Apartments"
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