Why invest in Suceava? HIGH LOCAL DEMAND of 10,000 residential units. In the last 19 years only 450 apartments have been built and only 980 are now under development; LOW PROPERTY PRICES (more than half price compared with Cluj or Bucharest).Prices are expected to grow for 2 reasons: 1. The Romanians who emigrated in the 1990's (in excess of 2 million) are returning to their home towns due to poor performance of Spanish and Italian economies; 2. Massive tourist potential with the development of the new airport (The Moldavian painted monasteries, unique in the world and UNESCO world heritage); ECONOMIC HUB; Suceava is a Commercial hub for the north region of the country with perspective development plans with Ukraine (Example:€ 570 million invested by the Austrians Company EGGER AND SCHWEIGHOFER in the wood processing industry) ; Major investments in the infrastructure ( Examples: € 28.5 million funded by EU to renovate the highways linking Suceava City to Cluj and Romania with the neighbouring country Ukraine); Improvement of the existing International airport- project funded by the American group ANYC Group Inc; Proximity to major ski resorts (Durau, Vatra Dornei, Borsa); Spa's (natural resources) 65 miles southwest of Suceava- A fashionable spa resort during Hapsburg times, today Vatra Dornei is a year-round destination, featuring spa treatments as well as summer and winter activities. Proximity to world famous Cotnari Vineyards, the Romanian "Royal Wine". Every year on September 14, wine connoisseurs celebrate the harvest here. `Grasa de Cotnari` was awarded several times the gold medals at International Exhibitions. Why invest in Enescu Residence -Suceava? City centre development - within walking distance from the main city attractions: Post Office( no 7 and no 6), Transylvania Bank, The Palace Casino, the famous night club" Disco Maxx ", The Orthodox Cathedral, the Police Station; 5 minutes walk to Suceava's main university that has over 20000 students every yea; Proximity to a primary schools, 2 secondary schools and 3 colleges are located within walking distance from the development (Petru Rares College; Stefan cel Mare College, Dimitrie Cantemir College, "Colegiul Tehnic de Industrie Alimentara" , " Liceul cu Program Sportiv")- adds rental potential; Major retail centres within 250 m radius ( Kaufland, Zimbru); Excellent transport links in the city centre and surroundings( Tram - local public transport provider); Easy access to the mountain ski resorts only 1h drive ( Vatra Dornei, Cimpulung Moldovenesc, Durau, Borsa). Development summary: 90 apartments are developed within the new urban area of Suceava , the George Enescu Estate , The grond floor is designed for commercial use and the 10 superior floors for residential . Types of apartments available: 25 Studio apartments Built area: 36,25 mp Price inclusive of VAT: 42800 Euro 10 One bedroom apartments Built area: 44,62 mp Price inclusive of VAT: 45000 Euro 10 Two bedroom apartments Built area: 79,99 mp Price inclusive of VAT: 82400 Euro Development stages: - development in progress - August 2009- structural work will be completed - December 2009- completion of the development work Onsite Facilities: Commercial centres on the ground floor of the building Two elevators ( 5 people - capacity) could be accesed from each level of the building Marble flooring on the stairways • Underground parking Nearby Proximity Facilities: (1 mile radius) Transylvania Bank The Post Office ( branch no 6 and no 7) The churches and yhe cathedrale ( Biserica Penticostala " Filadelfia", Catedrala Arhiepiscopala) The retail centres ( Zi