€15/m2

Romanian land Building plots with planning permission

Crevedia

Just £5000

Crevedia is located North West of Bucharest, Romania’s capital city. It is well connected with the main communication routes into the capital, being situated on the DN1A, which is one of the main roads from Bucharest north towards the city of Ploesti, and the famous ski areas in the mountains such as Brasov.

Crevedia is less than 15 kilometres away from the international airport at Otopeni, and is less than 25 kilometres from the centre of the city. It is also approximately 13 kilometres from the edge of the main ring road.

The land is ‘Intravillan Constructi’ which means that it comes with build regulation.

The area of Crevedia is already attracting significant investment in real estate development, with a number of villa developments being constructed there, and is established as a commutable location for professionals working in the heart of the city.

Consequently, the key utilities of electricity, water, telephone and gas are all nearby and the area has an established community that is serviced by shops, restaurants and other facilities.

The Opportunity

Crevedia is already attracting significant investment with a number of villa developments being constructed there!

Paradise Verde

Austrian Village

Being established as a commutable location for professionals working in the heart of the city.

Key utilities are available nearby such as:
Electricity
Water
Telephone
Gas
Established community that is serviced by shops, restaurants, and other facilities.

With developing markets money can be made in many ways, this opportunity affords you the possibility to exploit the economic transformation that is presently taking place in the country.

At just 15 euros per square metre this is an ideal opportunity to get in early and maximize your capital growth.

Three million square metres have already sold!

The plots are being sold with full documentation, all plots have planning. A plot costing around ₤5,000 consists of around 483 m2, this is large enough for a decent size property to be constructed, and the plots have planning for a generous 60% build.

Once the buying process is complete the investor is in a position to exit the investment at anytime, with the surrounding development and the fact that once completely sold this land will consist of around six hundred building plots all with planning, we feel that it will not be too long before offers are being made for the plots for development, resulting in a substantial return for the investors particularly the committed investors that take up a multiple plot investment.

The Buying Process Consists Of 5 Stages As Follows:

Stage 1 Reservation
The investor completes a reservation form and submits this with a colour copy of their passport to 1st offplan.

We then request the reservation deposit of €2000 which is passed onto our agents in Romania, €700 is immediately sent to the lawyer (approx €200 legal fees, €500 to capitalize the company and other associated fees). The remainder of the funds are then sent to the bank to open the company bank account, when it is opened confirmation letter sent to the investor.

Stage 2 Power of Attorney
Romanian lawyer sends Power of Attorney documents to the investor.
Investor returns signed and notarised Power of Attorney documents which are forwarded to the office in Romania.

Stage 3 Company Formation
Romanian company created, and bank account opened.
Company documents forwarded to the investor.
The investor then sends funds for the land to their company bank account.

Stage 4 Land Transfer
Funds are transferred from the investors company account, and land transfer takes place in front of the Notary.
Land transfer documents are sent to the investor.

Stage 5 Land Registry
The land registry in Romania records the transaction in their books.
The land registry documents are sent to the investor.

Expected additional costs
Invoices raised by the Lawyer/Accountant and sent to the Investor
€50 per month accounting fees until the company is created, and land transfer takes place.
€50 per quarter thereafter for the company accounting fees
Approx 2.5% to 5% total land transfer Tax/Notary fees.

Once the buying process has been completed, you are then in a position to exit your investment at your leisure.

If you would like more information or would like to reserve a plot click here and complete the reservation form, or ask your questions online, our team will be on hand to help!