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Novicio Residence is a residential complex being built near Ploiesti in a quiet, green area, in the main touristic region of Romania, the perfect location for a relaxed lifestyle and great capital growth. The project consists of 28 apartments, 28 villas and 4 commercial spaces. The core concept of the development is to form a small community, with all facilities included (children’s playground, billiards room, pharmacies, supermarket, parking spaces, 24-hour security).
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Real estate transactions in Romania , driven overwhelmingly by domestic demand, exceeded 10 billion Euros in 2007, 150% higher than the 2006 level, and similar growth is expected in 2008. With demand at this level, real estate sellers simply haven’t needed to look for overseas buyers, though overseas buyers have considerable incentive to look for sellers. Prospects for intermediate yields through rental returns are also excellent. The shortage of residential properties available for purchase has driven strong and sustained demand for rental units. Throughout 2007, the return on property investment was among the highest in Europe, and the average rental yield for a property in Romania is an impressive 8.9%. Rents increased by an average of 50% in 2007, and further escalation is expected.
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- Romanian GDP will double by 2011
- Profit margins higher than in Poland, Bulgaria and Hungary
- Investments in Romanian real estate can double your money in less than four years
- In 2007, rents have gone up by 50%
- In the next 5 years, the property market will go up by 50% a year
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