Hi David,
This week a friend in Bucharest wrote that he is attempting to purchase an apartment. He was approved for a loan of 75,000 euros, but at the last minute the bank told him he needs to pay 2.5% of the loan in advance, could I help him? Are purchasers normally required to pay 2.5% in advance, and is 75,000 euros a reasonable cost for a 2-bed apartment. Thank you for your help.
Mark
Quote:
Originally Posted by maria.david
Hi kevin,
I'm not much of a specialist. I can tell you about my experiance with Romania: I bought a flat in Bucharest and I'm buying one at the moment in Transylvania. Both deals required 10% deposit until completion ( for the one in Bucharest I have to pay another 15% in one year, as the completion is later on). I am looking at the moment at Cluj, I've heard only good things about it and it is forecast to do great!
If I can help you with anything, please let me know.
Have you invested at all in romania?
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