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Key selling points
- Low deposit
- High capital gains
- Good rental yields
- 15% below market value
Iasi is the second most populated city in Romania and singled out by EU research as the fastest growing area in Europe. There are 12 excellent universities in the city which attract increasing numbers of foreign students, followed by big IT & Communication companies like IBM, Ericsson and Siemens, which have set up Research Centers there. The city’s location on traditional trade routes between Russia, Western Europe and Asia via Istanbul and its proximity to the border with Ukraine and Moldova makes Iasi an ideal base for import-export companies and was chosen by Austrian Airlines as a local hub for the region.
With the increased number of foreign managers and students relocating to Iasi, there is an acute shortage of high quality accommodation and the few available luxury properties command top rentals and sale prices. The Bellevue Residence is not only the first luxury development in Iasi, but it is also located in the most prestigious area of the city - Copou. It is a unique project, the only one in the city to offer apartments with fully fitted kitchens and bathroom, solid wood floors throughout, 24 hour concierge in a protected, gated compound, secure parking and fitness and sauna only for residents.
In practice, the 160 Bellevue Residence apartments are the only luxury units to be offered onto the Iasi residential market in the next two years. We have managed to secure for our clients 12 apartments in Phase 2 of Bellevue Residence at 15% off-plan discounted prices starting from €1285/sqm inclusive of VAT (the buyer can claim back the 19% VAT if buying through a Romanian company). Similar developments in up market areas of Bucharest are priced at €3000 to € 3500/sqm. Bellevue Residence ticks all the right boxes for exceptional property investment – exclusive location, top quality and affordable pricing in a rising property market driven by strong local demand for luxury apartments.
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