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  1. K

    Vat reduced to 5% on off plan purchases

    Dear Tina, Yes, this new tax code has been introduced as of January 2009. It offers a 5% VAT rate to "first time buyers" for property under 120m2 and 90,000 euro exluding TVA (at current exchange rates). I am aware that this is only applicable to properties purchased after the new...
  2. K

    If you are looking an investment opportunity or advise on th Brasov property market, please feel...

    If you are looking an investment opportunity or advise on th Brasov property market, please feel free to contact me.
  3. K

    Tampa Gardens, Brasov

    Feel free to contact me at [email protected]. I hope that we will be able to assist you moving forward. Ragards, Karl Wilkinson
  4. K

    Vat reduced to 5% on off plan purchases

  5. K

    How to transform extravilan in intravilan

    In order to build a property on any land in Romania, it must be INTRAVILAN
  6. K

    How to transform extravilan in intravilan

    Dear Spuki, David is correct in his assessment. New laws to be introduced this year will prohibit the transformation of extravilan (generally arabil) to intravilan for the next 3-4 years. Reasons for this are clear. The Government is trying to restrict the development and ensure land that has...
  7. K

    Advise on Swiss Franc mortgages

    As a service provider in Romania, on of the most difficult tasks is to find mortgages for Expats. I have recently sourced a company who offer mortgages in SWISS FRANCS. However, I am aware of fluxuations in the exchange rate. Can anyone offer me some advise?
  8. K

    Rental Management Issues

    It is becoming more and more clear to me that foreign investors are experiencing issues with agents who sold them properties within the last 2-3 years, and these agents are now 'too busy' to manage these properties to a satisfactory standard. A recent client contacted me to say that he has...
  9. K

    The Best reasons to invest in Romania

    Scare mongering is obviously a hobby of yours. Please remember that Romania has a population of 22 million and is not dependant on off-plan investors. One example. A recent report states that Romanian retailers have the highest expenditure/m2 in Europe. Looking to the future, (after all...
  10. K

    The Best reasons to invest in Romania

    In July 2007 the average salary was 1000 Lei. At a rate of 1Euro=3,11Lei this was 322 Euros. Today the average salary is 1100 Lei. At a rate of 1Euro=3,75 Lei, this is 293 Euro. A netto decrease worth of 10%. Why would this be a relevant arguement? After all, most Romania's still purchase...
  11. K

    Investing in Romania, is it a good idea?

    Zack...did you finally get your head around the financial and legal issues involved in purchasing land in Romania....I was just wondering if you or your fellow investors have decided to invest after your several due dilligence and fact finding visits? If you are still interest to discuss you can...
  12. K

    What would you pay to be on a golf course in Romania?

    As a keen golfer, becoming increasingly impatient about all the "proposed" golf course developments in Romania, I would be keen to purchase such a property. However, I have some questions: - where will the course be located? - will the properties be located around the golf course? - will...
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