Romania Report|| Mortgages in Romania for foreign citizens at low interest rates ::Romania's Mortgage Market Report

Romania Report|Become an Expert in Investing in Romania

Hot investment opportunity in off-plan real estate projects with the help of a mortgage

Sea View Residence
Costinesti

Click here to receive the Pdf Guide !

Known to party-loving Romanians for years, Costinesti has been catching the attention of more far-flung Europeans in recent years as people can now be heard having a good time in languages like German, Norwegian, and English at this seaside feel-good destination.
Now becoming decidedly more upscale with a 800 mil. Euro investment in a isyachting marina, Sea View Residence Costinesti represents a real value for money: Located just 20 meters from the Black sea (that means sea views from some apartments and the smell of the seaside from every window) at 930 Euro sm2 (where else in the EU almost directly on the sea can you find that price for a quality development?

The ”Sea View Residence Costinesti” complex will provide all owners a oasis of green seclusion in the romantic Costinesti resort on the Romanian Black Sea Coast, and about 20 m from the sandy beaches and clean, blue sea waters. Besides its first class accommodation the residence will provide private terraces, 2 receptions, a large swimming pool and playing area, and allocated parking spaces . Access is fully controlled, with 24/7/365 on-site security mionitoring.

Make sure you receive the Pdf Guide today !!

Mortgages in Romania for foreign citizens ....
Low interest rates

Until very recently, foreign (non-Romanian) citizens were virtually prohibited from investing in Romania, including purchasing a second home, with the help of a mortgage. This lack of ability to leverage investment funds has proved to be a major deterrent to many foreign investors.

Romania Report can now is able to offer investors flexible financial solutions for a range of investment choices.provide qualified foreign investors and relocaters the opportunity to pay as little as 25% down with very favorable interest rate terms on mortgages up to 40 years in duration and flexible financial solutions for a range of property investment choices.

If you want to make the most of your personal or investment real estate, you should consider using a mortgage product . That means that your initial costs stay low while the potential for capital gain is high.With house and appartments prices predicted to rise in certains arias by between 10% and 25% in 2008 alone, using a mortgage to leverage your purchase means that investment potential in real estate in Romania is very promising indeed.

Romanian property mortgages are available to most foreign citizens with conditions similar to those in there home country. Certain off-plan/pre-construction developments are qualified for mortgages. Mortgages are issue by a Western European bank. It would also be important to look for the best home insurance policies that may work for you.

Please find below the general Romanian property investments requirements:

1. Minimum duration of mortgage 5 years, maximum 30 years

2. Evidence of deposit required on all cases

3. Application fee payable on submission of the Romanian Property Mortgage Application

4. Copy of the sales preliminary purchase agreement required

5. Minimum age 21; maximum age at maturity of loan – 75

6. Competitive interest rate averaging 7.5% per annum calculated according to formula found under "Conditions of Credit."

7. In most cases principal bank account may be held in country of residence while collateral will be Romanian property.

8. Minimum length of employment for employed applicants – 3 months on a permanent basis, for self-employed – 3 years trading

9. Last 12 months proof of residential mortgage payments (rental payments for tenants)

If you are interested in receiving a full-detail electronic brochure, please complete our request form.