Family Houses for Sale in Arad, Transylvania, Romania

Plots of Land with Residential Planning Permission

Land available for investment or development 6km from Arad City, close to the national Arad-Oradea Road. This area is considered one of the best for residential development. Zoning permission is shortly to be granted for the development of 118 houses consisting of ground floor, mezzanine and first floor, suited for family living in a desirable and accessible location.

The total area of 10.8 Hectares of land is situated close to the existing village Zimand Cuz.

The plots of land are available with zoning permission (PUZ) Total plot price is 30,000 euro for a 600 m2 plot. These can be reserved with a refundable deposit of 10% which will be held in escrow until full zoning has been obtained (estimated timeframe 6 to 8 months maximum) the unlikely event that zoning permission is not obtained the vendor will refund the deposit of 10% plus any accrued interest. The 90% balance of payment will become due on delivery of zoining permission by the vendor.

The land could be held as an investment for two to three years and re-sold or developed. Currently, similar type of built developments in this area are selling for between 150,000 and 200,000 euros.

Residual land prices and property values are increasing rapidly throughout Romania. Colliers Romania, forecast that price increases in the residential market are expected to maintain an annual growth rate of 15-20% as demand continues to outstrip supply.(Source: Colliers Real Estate Review 2007) This therefore represents an excellent opportunity to reserve a plot where both the land value and property prices are continuing to increase, the land can also be bought as a "buy and build" option to build your own house or alternatively you can retain the land as a valuable investment for the future.

To register your interest please click on the email link and we will send you further information.