Hi all,
I am a new member and would like help and advice on buying property in Poland.
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.

1 Bed For 87k Euros Seems Very Steep, Who Are You Getting This Off?
Also Why Do You Need To Set Up A Company To Buy A Flat? That Is Not Correct, The Developer Is Assigning A Piece Of Land To It.

Stop The Purchase, If You Set Up A Company You Will Ever Month Have Accounting Costs Ranging Between 70 To 300 Euros A Month. Plus The Company Set Up Costs. Stop Right Now. Unless You Want To Be Fleeced.

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HI

We are currently buying a property in Sydney Development in Romania. It is a house and we have been told that we need to set up a Company by our Agents. THe cost being 1400 euros. We have not been told of Accounting Costs Ranging Between 70 To 300 Euros A Month!? can you explain this in more detail. and do you have any other information on "Company " setup to purchase houses in Romainia

Please be careful when investing in ROMANIA, specially in Bucharest. Appartments are not the best choice. However, it is possible to find a good deal, but also it's a big risk; you can loose all your money as some properties are sold two or even three times... There is still a big mess in real estate here.

You must have someone that you know and trust 100% and THEN invest, otherwise it could be the same as investing in HYIP.

Need more details do not hesitate to contact me +40232214854

Teodor M Muntean
Investor and entrepreneur since 1992
Manager
Austrocasa Srl

Please read the article about this subject on my Austrocasa.ro website or call me at +40232214854 and let me know your opinion.

All the best,
Teodor

Dear Teodor

Know and trust 100%. What sort of Rubbish is this. You must do correct due dilligence no matter what you buy.
It is not a matter of trust.

I mean the same thing: know and trust by doing correct due diligence (but with one 'l':-)
However, Rubbish will be your money after loosing them, as many did here.
Teodor