• Average price per square metre of €1,085 – 22% below market value, according to an independent valuation. This is, on average, a €22,821 discount per unit
• 5.7% discount secured from the developer
• Excellent payment terms of 10/15/75 and long lead time of 17 months to completion. This wil give a predicted 45% Capital Growth on completion
• Strong residential area with huge demand from local market
• New tram station within 100 metres of the development, giving excellent access to the city centre. (New metro line close to Champions Residence due to be completed in 2014-2015.)

Champions Residence offers investors a fantastic opportunity to purchase property in Bucharest with 45% Capital Growth anticipated by completion in only 17 months time. The development has excellent payment terms and has been valued at 22% BMV, as well as a further 5.7% discount that Property Secrets has secured with the developer.

Located in Sector 6 of Bucharest, this district is seeing huge price growth as demand for residential property in the area outstrips supply. Our previous deal, Quadra Place, is located near to Champions Residence. The deal launched in June 2006 and has seen 30% annualised growth on the original purchase price.

The lower middle class in Bucharest is being drawn into this area due to the excellent transport links into the city centre. A new tram stop has opened within 100 metres of Champions Residence and journey time to the city centre is just 10 to 15 minutes.

We have secured payment terms of 10/15/75, which are unique to Property Secrets’ clients. The local market have to pay in seven staged payments or take the 25/75 payment option, but pay extra with this option.

A long completion time of 18 months means investors can take full advantage of a fast rising market and staged payments to maximise their return on investment. Capital growth in Bucharest is currently estimated at 30% per annum, giving a predicted Capital Growth of 45% on completion.

All districts of Bucharest are currently experiencing growth due to the exponential demand for property and it is becoming more difficult to locate good quality deals. Developers can now sell to the local market at staged payments. Thus, negotiations to secure investments at favourable payment terms are becoming more difficult. It’s our relationship with the best developers and locating the best developments for rental and resale value that ensure we get the best opportunities for our investors.

Existing and planned transport links from Champions Residence are excellent. A new tram stop linking Champions Residence to the city centre opened in the last 12 months. A new metro line is due to be opened in 2014–2015 with work expected to begin in 2008. When complete, this will link Champions Residence to the city centre.

There are a lot of developments currently being planned for this area, however, having seen the majority of them, we believe we have selected the best for our clients. The location and price is right and we have obtained excellent payment terms.

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