Originally Posted by Kinder77

Hi all,
I have reserved an apartment in the Tunari area of north Bucharest. It is a 1 bed apartment and comes with Kitchen, appliances, floors tiled and carpeted plus a car space. The cost of the apartment is €87500. I am buying off the plans. €3000 to reserve, 25% next March and the remainder on completion in 2010. From the research I have done it appears a good price for the area, but as I have ever been to Romania I can't be sure. Any advice or information on the area would be of help and also as to whether buying off plan is the best way to go.
I am concerned also by the fact that to buy this apartment I have to set up my own company to do it. The agent is telling me that this is a simple procedure and would cost me €1400. Apparently the apartments can only be bought in this way as the developer is assigning a piece of the land to each apartment.
I would greatly appreciate any help on this subject and thanks in advance for your help.