1. What is Prime Casa Europe?

Prime Casa Europe is an experienced and professional company that buys land in Romania for Investors across the globe. Prime Casa Europe control risks and optimize investors return possibilities.

Prime Casa Europe offers:

• Recognizing developments opportunities for overseas investors.
• Legal and financial advice on property purchase, sales and rent.
• Notary services, attorney-at-law advising and an accountants firm supervision.
• Assistance and personal treatment.

• You sign a buying contract for the specific plots at a BVI company (British Virgin Islands). The BVI company is the official owner of the Romanian company and plays an important part for the tax purposes. You will buy shares in the BVI which will reflect the ownership in the Romanian company.
• You will receive the purchase contract by mail which needs to be signed in 3 copies plus a notary verification statements and plus apostil stamp. The company will verify the documents and you will transfer the money to the companies’ bank account.
• The supporting documents will be issued to you by the BVI and the Romanian company. You will get a company statement by the Romanian Company regarding the specific plots which you purchased. The Romanian company delivers a certificate regarding the specific plot which says that the plot is related to you, including supporting documents given by the land registry office.

3. Is it safe to do this kind of deal on line?

Your data will be exclusively used internally to solve your request or order and will not be communicated to any third party. An attorney-at-law practice, a notary and an accountants firm will supervise each step of the process, so there is no risk involved.

4. What is the local demand for residential apartments?

Currently the demand for residential apartments is high. About 90% of the total number of new construction is residential. There is a Shortage of planned new developments within commuting distance of Bucharest. Many Romanians are looking to move onto the property ladder and out of the noisy and crowded city centre.

5. Must I go to Romania to buy the property?

Traveling to Romania is not necessitated, as we can take a power of attorney and take care for all of the necessary arrangements. An attorney-at-law practice, a notary and an accountants firm will supervise each step of the process, so there is no risk involved.

6. What are the conditions in order to become a land owner in Romania?

Foreign citizens cannot buy land in Romania. As a private person you can buy property but not land. In order to become a land owner in Romania you must be a shareholder in a Romanian registered company. We offer a purchase process which is quite inexpensive and not complicated.

7. What impact will the global economic crisis have on my investment?

The impact of the global economic crisis has been limited so far in Romania. For example, the GDP growth is still high according to the updated data of 2008, achieving 8.2% in Q1, 9.3% in Q2 and 9.1% in Q3. However, 2009 may well be a hard year for the Romanian economy and the residential market development. Even so, the hard times on the market allow clearing it from the unprofessional and unviable developers, who distort the market development. In the long term, the crisis will benefit the investors and the local buyers.

8. What are the additional costs upon purchasing the property?

The cost of purchasing one plot is only 8,900 Euro. There is an additional 5% registration fee to this purchase cost.

9. Will it be hard to sell my property at a later date?

Currently we witness a minor slowdown of the market, due to the global financial crisis, but there should be no problem in selling the property. The site is located at an area that is desirable and necessitated by the domestic market as well as international companies. Furthermore, the upcoming legislation limiting any future land rezone all over Romania will cause a dramatic rise in prices of projects with building authorizations, such as Corbii valley. We believe this project to be a solid investment.

10. What are the advantages of buying off plan?

Corbii valley project has an approved master plan so the construction permits can be easily obtained. The project is now ready for development. This is one of the last opportunities for investment available in Romania today due to upcoming legislation limiting any future land rezone all over the country.

11. How can I keep an eye on the development of the construction?

We provide professional services which are accompanied by constant communication with our clients by means of phone, email and website news.

12. How can I know this investment is right for me?

We can recommend you with Romanian lawyers specialized in Real Estate who will give you more information on market price evaluations, potential legal problems and other related information. Additional information can found on our website.