• LAST CHANCE to buy in Bucharest at pre-boom prices
• Capital growth predicted to explode in in the next 3-6 months
• Independent valuation sets Citadella deal at 8% below market value
• Exclusive discount of 3.7% on developer’s list price only available by registering now

Citadella is one of the last chances to buy in Bucharest before prices rocket just as they did two years ago in Poland. At the moment, Bucharest is climbing up the curve of an emerging property market which is being fuelled by a massive demand from a new middle class market who, for the first time, are prepared to use mortgages to finance property deals.

In the next three months, Property Secrets predicts the Bucharest property market will explode when the mortgage arena undergoes a massive expansion which will introduce competition and, therefore, drive down the interest rates. This means people will be able to use the equity in their old panalek homes to make the small jump to a new build with the extra finance needed being funded by a mortgage.

Citadella is one of the first new build projects in Bucharest and is an attractive proposition for any level of investor as it combines a low level entry of just €93,577 (£63,228) in an already established residential neighbourhood that has excellent transport links.

The development is aimed at a newly emerging middle class residential market in Titan which already has an infrastructure of roads and amenities in place. Further regeneration is underway near to Citadella with the construction of a Western-style shopping mall, complete with a multiplex cinema and bowling alley.

We are not going to see deals as good as Citadella again because the developers are setting the agenda in Bucharest at the moment. Currently, in Bucharest, what we are seeing is developers holding a launch party for a site where they take reservations from local people. Already whole projects sell out on the strength of full reservation lists and although we are not at the stage of the Polish market with queues round the block we are certainly moving in that direction, and quickly.

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