House, residential property Location This superb property has an area of 2,75 Ha (27 500 sqm) and it is situated in a turistic area at about 50 km from Cluj-Napoca, the main city of Transylvania and at only 7 km from Gherla, in the turistic area of Taga (Sintioana). One can take a direct flight from London to Cluj-Napoca. From the Cluj airport, it only takes 30 minutes to get to the property. The area is well known for its beautiful hills and lakes. Key features -beautiful turistic area in a picturesque valley between hills -there are 3 lakes on the property, populated with various fish: carp, zander, river pirate, crucian. All three lakes are supplied with fresh water from the river that crosses the property. They are ideal for fishing, swimming. -1650 fruit trees (4-5 years old) out of which 1200 have been brought from Holland. Among them we can mention: apple trees, sweet cherry trees, apricot trees, sour cherry trees, pear trees, plumb trees. Once a year there is an apple crop of 20 tons which is mainly used by the owner in producing natural juice. -there is a significant area cultivated with vine that gives a good yield of grapes each year -modern system of automatic irrigation -there is a beautiful chalet built on the property with all utilities (water, electricity, air conditioning, heating) and having modern finishings. The chalet has 80 sqm and consists of: living, kitchen, bathroom, 2 bedrooms, and fire place. 80% of the chalet is built on the lake. Satellite dish and audio-video equipment included -there are two pavilions and a well on the property. The main pavilion is specially designed for barbeque. -beautiful green area suitable for golf, tennis, football and other outdoor sports -the cost the whole property comes just around 14,5 euro/sqm including the constructions -there is just one owner of the property, having all papers and documents of the property Full description This property is suitable for recreation activities or for the development of a turistic centre. There is enough room for the construction of hotels or villas. Among other turistic attractions in the area, we can mention; the famous Nicula monastery with is famous weeping icon of Mary, a few natural parks with beautiful lakes in the neighborhood, the pension Rebecca with 30 rooms available. There are two bridges on the property: one across the river and the other that divides two of the three lakes. Price of the property: 400 000 euro negociable Phone contact: 0040 722 472468

Vacation rentals, cable or satellite, refrigerator, tv The Vinga House Pension invites you to enjoy a wonderful holiday at the mountain resort Poiana Brasov, at the cosy three star pension where the relaxation and the maximum satisfaction are rules. Here are now at your double rooms and appartamnts with living, with TV set (cable, HBO), refrigerator, direct international phone. The breakfast and the room service are included in the price. The ...

Vacation rentals Esti dezorientat? Nu stii pe ce drum s-o apuci in cautarea unui loc unde sa iti petreci vacanta de iarna? Ai nimenit in locul potrivit! Acesta este drumul pe cate trebuie sa il urmezi. Noi suntem solutia! Casa Dany va asteapta cu cele mai anatajoase si flexibile oferte si cele mai mici preturi! Locatia pensiunii: - Romania, Suceava, com. Vama, sat Molid - Cai de acces: E576 (intre Gura H...

Vacation rentals Casa Olandeza is a private mountain villa, nicely situated on a hillside with splendid views of the Carpathian Mountains. The house has 4 double, en-suite bedrooms to host up to 10 people, a large living room, fully equipped kitchen, a relaxation room and spacious gardens and terraces to enjoy the fresh mountain air. Rental periods are possible from long weekends to several weeks. Have a dr...

Vacation rentals Casa Olandeza is a private mountain villa, nicely situated on a hillside with splendid views of the Carpathian Mountains. The house has 4 double, en- suite bedrooms to host up to 8 people, a large living room, fully equipped kitchen, a relaxation room and spacious gardens and terraces to enjoy the fresh mountain air. Rental periods are possible from long weekends to several weeks. Have a dream holiday. Bring you family, friends and children to enjoy skiing, hiking and culture in one of the finest parts of Romania!

Vacation rentals, cable or satellite, tv NEWLY BUILT IN 2005 High quality Western standard construction, in a picturesque location. LARGE ROOMS With either a mountain or a valley view, fully fitted with cable TV, central heating, tea/coffee facilities.Fully carpeted and with solid wood furniture made to our design by local artisans. AS FEATURED IN THE PRESS We have been written about in The Daily Telegraph, The Diplomat and in t...

House, cellar, furnished, electricity, garden, living-room, kitchen, telephone, gas, balcony, garage Sehr gepflegt, nah an das Stadtzentrum (ung. 700 m) Erreichbarkeit : 0040 742 075 051 oder 0040 268 410969. Fotos finden Sie unter www.troppo- travel.com (bei real estate, casa de vanzare in Sighisoara)

Vacation rentals, cable or satellite, internet, tv Sunny, elegantly furnished apartment in the heart of Bucharest, at Piata Unirii,nice midfloor view, 30 min from Otopeni International Airport, close to all important highways surrounding Bucharest, 5 min walk to Metro stations, taxi cabs,10 min walk to Lipscani,Mitropolia, Casa Poporului. Completely renovated, clean,internet, cable TV, washer, nice kitchen, 2 separate rooms-living room and bedro...

Vacation rentals, cable or satellite, tv This stylish apartment offers comfortable staying, being a perfect and secure location for exploring the entire city of Bucharest. This apartment has an equipped kitchen, spacious bath tub and power shower attachment, a large bedroom, cable TV set, with a full sized bed and a desk, in case your activity becomes an office one.

5300 square feet vand teren extravilan ,0,53 ha (front 100 m) ,situat in MIERCUREA CIUC ,la cca 250 m de blocurile ANL ,langa lacul SUTA ,la poalele muntelui cu padure (zona linistita, peisaj superb) ,are drum acces, posibilitati utilitati ,pretabil case de vacanta ,pensiuni, cabane sportivi, PARTIE SKI INCEPATORI si sanius (+ un teren alaturat ,in panta) etc, 40 euro/mp ,negociabil ,intabulat ,particular, Land For Sale N/A bed in Miercurea-Ciuc Harghita Romania search Miercurea-Ciuc properties Land For Sale in Miercurea-Ciuc Harghita Romania search Miercurea-Ciuc properties

10200 square feet Land for sale, Romania. Land for sale.Vand teren extravilan 10200 mp(front 78 m)situat in MIERCUREA CIUC,la 200 m de blocurile ANL,langa lac SUTA ,la poale munte cu padure,are drum acces,canal,posibil utilitati pretabil case vacanta,pensiuni,parc distractii,hipodrom,terenuri sport,partie ski incepatori(+teren alaturat,in panta)etc,65 euro/mp,neg, Land For Sale N/A bed in Miercurea-Ciuc Harghita Romania search Miercurea-Ciuc properties Land For Sale in Miercurea-Ciuc Harghita Romania search Miercurea-Ciuc properties

26000 square feet Land For Sale in Miercurea-Ciuc Harghita Romania find Miercurea-Ciuc properties. sell land, 26000 sqm (front 100m), located near the resort Miercurea Ciuc(TRANSYLVANIA-ROMANIA),about 500 m from the town, national road, railway, near: OLT river, lake trouts,water bottling factory mineral,racecourse, holiday homes, forest, mountains (beautiful scenery, quiet area), farm dogs HASKI used winter for recreational also in international competitions ,has groundwater aquifers with mineral water, road access, drainage,possibilities utilities-for:factory bottling mineral water, holiday homes, hostels,golf, price 40 euro sq m neg. intabulat,private person,+40729154283 -vand teren extravilan , 2,6 ha (front 100m ) ,situat aproape de statiunea balneara MIERCUREA CIUC (la cca 500 m de oras, sosea nationala, cale ferata) ,aproape de :raul OLT, lac (pastravarie) artificial ,fabrica imbuteliere apa minerala, stranduri ,hipodrom, case de vacanta, padure ,munte (peisaj superb ,zona linistita ) ,crescatorie caini HASKI folositi ptr agrement iarna dar si in concursuri internationale are PANZA FREATICA CU APA MINERALA, drum acces, canal, posibilitati utilitati, pretabil: FABRICA IMBUTELIERE APA MINERALA,case de vacanta, pensiuni, golf etc, pret 40 euro mp,neg. ,intabulat ,particular, 0743154283

10200 square feet Land For Sale in Miercurea-Ciuc Harghita Romania find Miercurea-Ciuc properties. sell land 10200 sqm (front 78 meters) located in MIERCUREA CIUC(ROMANIA-TRANSYLVANIA),150 m from ANL blocks,near: the lake SUTA, mountain,forest,there road access, drainage, utilities possible-suitable for holiday homes, hostels, entertainment park, racecourse ,land sports, ski slope beginners (+ ground joined ,in the slope) etc., 50 euro / sqm, negotiable,intabulat, private person,+40729154283 -Vand teren extravilan 10200 mp(front 78 m)situat in MIERCUREA CIUC,la 150 m de blocurile ANL,langa lac SUTA ,la poale munte cu padure,are drum acces,canal,posibil utilitati pretabil case vacanta,pensiuni,parc distractii,hipodrom,terenuri sport,partie ski incepatori(+teren alaturat,in panta)etc,50 euro mp,neg,0743154283

5360 square feet Land For Sale in Miercurea-Ciuc Harghita Romania find Miercurea-Ciuc properties. Sell land 5300 sqm located at about 150 m from the first (about 200 m blocks ANL),near lake, at the foot of the mountain with forest (the area quiet, beautiful scenery), has access road, utilities possibilities , suitable for holiday homes, hostels, sports chalets, SKI slope for beginners and sledging (+ land joined ,in the slope) etc., 30 euro / sqm, negotiable . vand teren extravilan ,5360 mp (front 100 m) ,situat in MIERCUREA CIUC ,la 200 m de blocurile ANL ,langa lacul SUTA ,la poalele muntelui cu padure (zona linistita, peisaj superb) ,are drum acces, posibilitati utilitati ,pretabil case de vacanta ,pensiuni, cabane sportivi, PARTIE SKI INCEPATORI si sanius (+ un teren alaturat ,in panta) etc, 30 euro mp ,negociabil ,intabulat ,particular,0743154283 -

Vacation rentals, ac, cable or satellite, internet, patio/deck, tv, washer dryer Location, location, location! Conveniently located in the heart of Bucharest, just few meters south of Pta Unirii, close to Biserica Mitropoliei, Lipscani business and shopping district, hospitals, Universitate, Cismigiu Park, theaters, restaurants, this charming one bedroom apartment with separate living room is ideal for a single/double occupancy. Completely remodeled and furnished, nice furniture, new kitchen, arched hallway, white tile floors and beautiful rugs, elegant window treatments, nicely framed artwork, the place offer intimacy, sunny southern exposure, view from balcony of the park & avenue. Available year round with cable TV/Internet, tel line incl, nice linens, washing machine, halogen lights, A/C, fans, summer/winter comforters, maid service available on request. Grocery shops, some open 24 hrs, Magazinul Unirea, Casa Poporului, the banks of Dimbovita river nearby. 5 min walk to Pta Unirii Metro St, taxis, direct bus to OTP airport. Quiet,

?Located on the border of Western Europe ?Industrial & commercial centre with >28.000 companies ?International airport ?Excellent import and export platform The Trading Roots of Oradea Historically Oradea has always been a centre of trade and commerce. Its location on the Hungarian border has made it Romania's gateway to the West. Even during the Communist era the shared border and high volume of trade made this region the most affluent corner of the country. That business acumen continues to the current day and the input of Western ideas and investments is generating a rejuvenation and modernisation of the city. The Europa Development The Europa Development consists of town-houses in a gated, modern residential compound. Completion of the development is scheduled for late 2008. The town-houses occupy an area of between 112-173 m2, with the built area in the range 87-136 m2. Demand for Real Estate As is the case over all of Romania, there is a scarcity of modern, spacious residences. For too long Romanians have associated city living with the grey, high-rise blocks of the Soviet era For Sale 2 bed in Romania find Romania properties

678 luxury flats, 3 commercial centres, 1 business tower in the heart of Bucharest Business Centre. Extravagant suspended gardens , location by the lake , excellent facilities and especially the attractive price make this development a MUST HAVE in every investors portfolio. This is an incredible investment, with a finance plan designed for the investors who seek High Capital gains (265%) and High Rental Yields (16.4%) . Location and facilities make for easy sale locally, providing an ideal exit strategy.DUE DILIGENCE Planning permission- obtained; Construction started (early stages); Builder Rotary Construct one of the main players in Romania with excellent tracking record; Financing bank BCR the biggest bank in Romania; Mortgage and other financing options available (for residents and non-residents). Why invest in Bucharest High unsatisfied demand for residential properties (estimates of 300,000 units in demand and, according to National Statistic Office only 6,746 units were delivered in 2007). Local migration to Bucharest for the better-paid jobs (adds more pressure to the residential/rental demand). Major Multinationals (Microsoft, IKEA,etc) establish headquarters in Bucharest (creates a demand for business rental). Prices on new build are still cheaper than the old communist flats; SEE MARKET ANALYSIS CASE STUDY BELOW. Major investments in the infrastructure (Romania will receive 30billion EU investment between 2007-2012). Low cost carriers flights are available from major UK airports (Wizz Air, Blue Air, Easyjet). Why invest in Belvedere - Baneasa Excellent payment plan (as little as 10% initial capital requirements); Exit plan (re-sell opportunities through our Romanian company before or after completion); Brilliantly located in the North within the heart of Bucharest Business Centre with existing infrastructure; Excellent leisure facilities within the complex and around Herastrau Lake, tennis, carting, restaurants and clubs; Excellent transport links underground station, and easy car access to both central city and the motorway network; Proximity to major employment opportunities for professionals ensures rental income; Major retail centres within 1mile radius (Baneasa City Shopping); Recreational areas in close proximity (onsite lake and park); Easy access to the mountain ski resorts (1h30min drive); Proximity to Bucharest Zoo. Development summary: 4 blocks of flats/678 luxury apartments by the lake (7ha development);High-standard interiors with large terraces or individual suspended gardens for each apartment ;Onsite Facilities: Business tower(28 floors glass building); 3 on-site commercial centres; Underground parking (1180 places); Medical and beauty centre; Gym Sport football court; Kinder garden and after-school; Covered/uncovered pool; Restaurants; Water sports facilities on the onsite lake; Large park Good transport links underground station, and easy car access to both central city and the motorway network.Nearby Proximity Facilities: (1 mile radius) Herastrau Park (Bucharest Main Park); Baneasa Forest - (Popular leisure area); Diplomatic Club (exclusive club that has the only golf course within Bucharest, Tennis, Swimming pool) Bucharest Zoo; The Village Museum (one of the biggest tourist attraction in Bucharest) Frateli and Bamboo Clubs (Bucharest most famous clubs); Major retail centres within 1mile radius (Baneasa City Shopping);Commercial:Baneasa City Shopping, Selgros, Metro, Bricostore, Carrefour, Ikea, Feeria Only 10 minutes drive away from the city centre Business: Bucharest Business Centre,Romexpo- the exhibition centre, Casa Presei Libere Baneasa Airport Payment Plan:Payment 1- 10% - when you sign the contractPayment 2- 20% - a year later (financing available for the financing bank - BCR)Payment 3 70% - 15.05.2011 (mortgage available including non-residents) Local Market AnalysisBucharest (Baneasa-Pipera area) (Communist

Vacation rentals, cable or satellite, tv Vila Predelut, is your vacation home when you are visiting the Bran area, in Romania, the home of the famous Dracula's Castle. We are looking forward to accomodate you in our villa! Vila Predelut, a new built villa, is located at 1,500m from the famous Dracula Castle in the Bran area, one of the most beautiful touristic areas in Romania. We offer six rooms with individual bathroom with shower. The rooms have a double size beds, 160 x 200 cm, with hotel type linen and TV cable with TV LCD screen. Every rooms has a balcony with beautiful view to Bucegi Mountains or Magura Branului Hill and from the terrace you can see the Dracula Castle. The property has also a nice garden with a garden kiosk where you can relax and enjoy the beautiful and the quiet surroundings. We offer a delicious continental breakfast and in case of more then three rooms are booked we offer a rich breakfast buffet. Besides visiting the Dracula Castle and the traditional handcraft market you can also do light trekking in the villages and surrounding mountains and hills or even hard trekking if you are a professional. In the evening you can enjoy yourself and relax in the local Romanian traditional restaurants. The strategic location of the villa helps you to visit the following interesting and attractive destinations: - City of Brasov, located at 25km, one of the most beautiful cities in Romania, with a lot of beautiful landscapes, a medieval centre with beautiful streets and buildings, a must stop place when you are visiting Romania - Poiana Brasov, located at 28km, the most famous mountain resort in Romania, a very nice place to visit and a lot of trekking places - Rasnov Castle, located at 16 km, also formerly owned by the Prince Vlad Dracul, a nice and beautiful old castle - Peles Castle, located at 50km, owned by the Romanian Royal familiy, a very beautiful and vivid castle - City of Sighisoara, an UNESCO heritage, the last living citadel in Europe - And a lot of other places with full rich history, the stunning landscapes of Transylvania and beautiful German Saxon churches and fortresses Other service that we offer: - Affordable transportation from/to Bucharest, Otopeni airport - 140 km - Affordable transportation from/to Brasov Railway Station - 25 km - Free internet wireless - International telephone, at operator tariff cost - Bookings for local restaurants - English language - fair level Vila Predelut is the best place for you to visit the famous Dracula Castle and the beautiful Transylvanian area. P.S. Smoking areas are limited We are looking forward to accommodate you in our villa. Vila Predelut

Why invest in Bucharest? (Capital city) High unsatisfied demand for residential properties;(estimates of 300,000 units in demand and only 1,800 units delivered in 2007)Local migration to Bucharest for the better-paid jobs (adds more pressure to the residential/rental demand). Major Multinationals (Microsoft, IKEA,etc) establish headquarters in Bucharest (creates a demand for business rental)Prices on new build are still cheaper than the old communist flats; SEE MARKET ANALYSIS BELOWMajor investments in the infrastructure (Romania will receive 30billion EU funding between 2007-2012)Low cost carriers flights are available from major UK airports (Easyjet, Ryanair)Why invest in "La Cittadella"? Excellent payment plan (as little as 10% initial capital requirement)Exit plan (re-sell opportunities through our Romanian company before or after completion)Brilliantly located near a developed area of Bucharest with existing infrastructureExcellent transport links underground station, main bus links, easy car access to both central city and the motorway networkCity High Speed motorway 1.5 miles to the new system(work started already)Proximity to major employment opportunities ensures rental incomeMajor retail and leisure facilities close by(2-3 miles radius)Recreational areas in close proximity(forest and lake areas within 1mile radius)Cittadella is being developed by a partnership of Romanian companies, including a prestigious bank, all of them with a good track records and extensive local market experience. The project is being sold by the developer directly to clients with no middleman involved. This is an incredible investment, with a finance plan designed for high capital gain. Payment Plan 10% -Initial payment - as soon as you sign20% -Structural work completed - September 0870% -Completion (mortgage) - September 09 Facilities within the DevelopmentSmall shops within the development (mini-market and bank)Overground and underground parking (9,000/14,500) Case Study- Local Market Analysis Militari area Bucharest (Communist era flats v New build)1)Pricing of existing communist era flats A two bedroom apartment (equivalent to 3 rooms in Romania) average price in the Militari area is 135,000 for a 75sq metre net area (including balcony). So they can be compared with the new build, the above price needs to be transformed into / sq metre built +Vat. After the calculations, the equivalent of the above price is aprox.: 1350sq metre + VAT. Q: How was the average price obtained? A: average price taken from www.anuntul.ro (main property search engine in Romania) 2) Pricing opportunities La Cittadella (VAT = 19%) Development = 110 flats/houses Phase 1 first 20 units @ 1,100 per sq metre built +Vat Phase 2 next 15 units @ 1,200 per sq metre built +Vat Phase 3 next 15 units @ 1,300 per sq metre built +Vat Phase 4 last 60 units @ 1,500 - 1,700 sq metre built +Vat Q: Why is the property cheaper at the start of the development and then it goes up in value? A: As a developer, in order to get a better deal with the financing bank, we need to have a certain level of interest in the early stages of the project. Because of that, the first few apartments we sell almost at cost. To ensure our profitability, we increase the price towards the completion of the development, when it can easily be absorbed by the local demand. Case Study Conclusions Our apartments are currently 18.6% cheaper than the thirty year old, dilapidated communist era properties. Because you initially invest only 10% deposit, this means you may have a186% return on your investment right from the beginning, subject to market conditions. This will give you good start in developing your capital gain expectations. Note: Even if you achieve this good start, it is very difficult to sell these contracts straight away because you compete with us, the developer, in selling the apartments. However, towards the end of the development, when we finish selling, we would be intereste

Why invest in Brasov, Transylvania? One of the largest cities in Romania with a high unsatisfied demand for residential properties (important local demand and tourist rental potential); A picturesque medieval town strategically located in the centre of Romania (business and tourist hub); Proximity to important tourist attractions: Romanias main ski resorts (Poiana Brasov, Predeal, Sinaia), Dracula Castle and other attractions in Transylvania (adds demand for rental); New Brasov International airport due for completion early 2010 (100million investment); Major investments in the infrastructure (Romania will receive 30billion EU funding between 2007-2012);100 miles to Bucharest (capital city); New motorway in progress (due completion 2011); Unique city with extraordinary architectural features and natural surroundings. Why invest in Pine Gardens? Brilliantly located within the historical city centre; Exclusive area by the forest with superb panoramic views over Brasov; 20 minutes walk from Brasov biggest and oldest University with 20.000 students (adds rental potential) 15 min drive to Poiana Brasov (Romanias most famous ski resort); Excellent transport links: main bus links and easy car access to both airport and motorway network; Proximity to major employment opportunities; Important retail centres within 1mile radius; Recreational areas onsite or in the near proximity. Excellent payment plan (as little as 10% initial capital requirements); PROMOTION IN PROGRESS (CALL US ASAP!)Pine Gardens is being developed by a partnership of Romanian companies, all of them with a good track records and extensive local market experience. The developer is selling the project directly to clients with no middleman involved. MAIN FACILITIES Onsite Playground for children; Video-intercom, security cameras; Interior Lifts; Modern decorations; Underground parking with remote controlled door; Within the historical city centre that has a wide variety of tourist attractions, restaurants, pubs and entertainment; Within 1 mile radius: shopping centre and Brasov main spa centre Paradisul Acvatic Within 5 mile radius: Romanias main ski resort Poiana Brasov, Horse riding centre and aqua park (works only during summer time); PAYMENT PLAN 10%-Initial payment - as soon as you sign 20%- Structural work is completed, approximately 12 months later 70%- Completion (mortgage), approximately 18 months laterDUE DILLIGENCE has planning permission; construction started (early stages); Mortgage and other financing options available.Q & A SECTIONQ1) Can we offer a rental or furnishing service? A: We will once a development is completed. Q2) What is the rental yield for Pine Gardens, Brasov?A: Assuming that you had your property completed at this moment in time, now you could achieve a rental of 1000-1500 Euros per month equivalent of a yearly yield of al least 6.5%. This would have covered the cost of your mortgage. Probably at completion 18 months later, rent will be more so you can achieve higher rental yields.Q3) Guaranteed rental income? A: Guaranteed rental normally applies to holiday resorts where income from travel companies can be taken into account. This is not the case in an urban situation in Romania.Q4) where can you meet us?A: You can either meet our knowledgeable team based in our London office or meet our colleagues in Romania. We also organise subsidised inspections trips to Romania for our clients. Contact us for more details. For Sale 2 bed in Transylvania Romania find Transylvania properties

Transylvania Holiday Village - great investment opportunity in Romania!North Capital AS, a Norwegian investment company, launches a new holiday project in Transylvania region of Romania. The investors of this project will be eligible for obtaining of up to 200,000 euro non-reimbursable financing from European Union funds! The project consists in building of a complex of pensions (boardinghouses) in the mountain area near Brasov city (Transylvania, Romania).For this project North Capital will gather together up to 12 small investors, especially from devoted clients of the company (however new clients are also considered), each investor being the owner of one (or more) boardinghouses. North Capital will establish a company for each boardinghouse and investor will invest in his own company. This will provide a higher level of security for the investor and more exit possibilities. At the same time, having 12 companies will allow each company to apply for EU funding, which is one of the key parts of the project and which gives the possibility to obtain up to 200,000 euro non-reimbursable financing from EU funds!!! Benefiting from EU funds, the investor will obtain an incredible return on his initial investment of up to 860% over 5 Years!However the investors should be aware that North Capital is not guarantying the EU funding, because it is approved by an independent state agency; but we will identify all possible solutions and will take all necessary steps in order to ensure that the EU funding application is made in the most professional way. Professionally made EU funding applications have a success rate of more then 90-94%. All the approvals, master plan, the design project, building permit, the EU funding application process will be handled by North Capital. In the middle of the complex, North Capital will develop a mini-hotel which will have important facilities available for all guests of the Transylvania Holiday Village.In spite of the fact that pensions and hotel will be owned by 12 different companies/investors, due to the fact that all pensions will be build having a single style and common infrastructure it will allow promoting and operating them as one entity and to benefit from shared promotional and operational costs.This investment has a lot of advantages for the investor: - Is much more secure than standard buying of an off-plan apartment, because the land plot already exists (and there is no risk that investor will not obtain for what he is paying); - Relatively small amount for initial payment (starting from approximate 21000 euro) and total investment (approximate 103,000 euro if the investor will not apply for a mortgage)- A very high Return on Investment due to up to 200,000 EU non-reimbursable financing; - Secure exit strategies - the investor can choose to exit at any stage by simply selling his company to a new investor or North Capital.- High rental income - in case of long-term investment it gives a much higher rental income from renting up to 8 rooms in a boardinghouse in comparison with renting an apartment.For a detailed description of the project and investment process in Transylvania Holiday Village please download our presentation:ftp://mail.north-capital.no/thv.pdf If you are interested in benefiting from this great investment opportunity and from non-reimbursable EU funding, please contact North Capital. This offer is limited to 12 investors.North Capital Baltikum SRL, RomaniaSergiu Bivol managing directorTel: +40754011286 Email: bivol@northcapital.nowww.nc-development.no North Capital AS, NorwayArve Haugseter - DirectorPhone: + 4745207120Fax: +4723502255E-mail: info@north-capital.no www.nc-development.nowww.northcapital.no For Sale 8 bed in Transylvania Romania find Transylvania properties

Why invest in Bucharest? (Capital city)High unsatisfied demand for residential properties;(estimates of 300,000 units in demand and only 1,800 units delivered in 2007).Local migration to Bucharest for the better-paid jobs (adds more pressure to the residential/rental demand).Major Multinationals (Microsoft, IKEA,etc) establish headquarters in Bucharest (creates a demand for business rental).Prices on new build are still cheaper than the old communist flats; SEE MARKET ANALYSIS BELOW.Major investments in the infrastructure (Romania will receive 30billion EU funding between 2007-2012).Low cost carriers flights are available from major UK airports (Easyjet, Ryanair).Why invest in "Orhideea Gardens"?-Excellent payment plan (as little as 10% initial capital requirements)-Popular development among local celebrities and politicians.-Brilliantly located in central Bucharest with existing infrastructure.-Good leisure facilities within the complex (swimming pool, restaurants)-Excellent transport links: Gara de Nord (biggest rail station), underground station, main bus links,and easy car access to both central city and the motorway network.-Proximity to major employment opportunities for professionals ensures rental income-Major retail centres within 1mile radius(Carrefour, Dambovita center) -Recreational areas in close proximity (Botanical garden, clubs)Facilities within the Development-5 blocks of flats/400 luxury apartments by the lake (7hectare development)-Big flats with luxury interiors-Underground & overground parking -Swimming pool-Restaurants-Water sports facilities on the lake-Recreation on the onsite park Payment Plan: -10% initial deposit payable now-20 % payable end of June08-70% completion, December 08 (financed by the bank) Q&AQ1) Can we offer a rental or furnishing service?A: We will once a development is completed.Q2) What is the rental yield in Baneasa area, Bucharest?A: A one bedroom apartment at similar standards is currently renting for 1200-1500 euro. Assuming that you had your property completed at this moment in time, you could achieve a rental yield of al least 7.4% which would have covered the cost of your mortgage, subject to market conditionsQ3) Guaranteed rental income?A: Guaranteed rental normally applies to holiday resorts where income from travel companies can be taken into account. This is not the case in an urban situation in Romania.Q4) Where can you meet us?A: You can either meet our knowledgeable team based in our London office or meet our colleagues in Romania. We also organise subsidised inspections trips to Romania for our clients. Contact us for more details.Key selling points / Investment justifications10% initial paymentCurrent rental yield 7.4%Trend Offices: London, Bucharest, BrasovExit plan (potential to re-sell or rent through our Romanian offices) NO middleman involvedLocal market information at NO extra costFinancing available95% SOLD For Sale 2 bed in Bucharest Romania find Bucharest properties

Why invest in Brasov, Transylvania? ? One of the largest cities in Romania with a high unsatisfied demand for residential properties (important local demand and tourist rental potential); ? A picturesque medieval town strategically located in the centre of Romania (business and tourist hub); ? Proximity to important tourist attractions: Romania?s main ski resorts (Poiana Brasov, Predeal, Sinaia), Dracula Castle and other attractions in Transylvania (adds demand for rental); ? New Brasov International airport due for completion early 2010 (?100million investment); ? Major investments in the infrastructure (Romania will receive ?30billion EU funding between 2007-2012); ?100 miles to Bucharest (capital city); New motorway in progress  (due completion 2011); ? Unique city with extraordinary architectural features and natural surroundings. Why invest in ?Pine Gardens?? ? Brilliantly located within the historical city centre; ? Exclusive area by the forest with superb panoramic views over Brasov; ? 20 minutes walk from Brasov biggest and oldest University with 20.000 students (adds rental potential) ? 15 min drive to Poiana Brasov (Romania?s most famous ski resort); ? Excellent transport links: main bus links and easy car access to both airport and motorway network; ? Proximity to major employment opportunities; ? Important retail centres within 1mile radius; ? Recreational areas onsite or in the near proximity. ? Excellent payment plan (as little as 10% initial capital requirements); ? PROMOTION IN PROGRESS (CALL US ASAP!) ?Pine Gardens? is being developed by a partnership of Romanian companies, all of them with a good track records and extensive local market experience. The developer is selling the project directly to clients with no middleman involved. MAIN FACILITIES ? Onsite Playground for children; ? Video-intercom, security cameras; ? Interior Lifts; ? Modern decorations; ? Underground parking with remote controlled door; ? Within the historical city centre that has a wide variety of tourist attractions, restaurants, pubs and entertainment; ? Within 1 mile radius: shopping centre and Brasov main spa centre ? Paradisul Acvatic? ? Within 5 mile radius: Romania?s main ski resort ?Poiana Brasov?, Horse riding centre and aqua park (works only during summer time); PAYMENT PLAN ? 10%-Initial payment - as soon as you sign ? 20%- Structural work is completed, approximately 12 months later ? 70%- Completion (mortgage), approximately 18 months later DUE DILLIGENCE ? has planning permission; ? construction started (early stages); ? Mortgage and other financing options available. Q & A SECTION Q1) Can we offer a rental or furnishing service? A: We will once a development is completed. Q2)  What is the rental yield for ?Pine Gardens?, Brasov? A: Assuming that you had your property completed at this moment in time, now you could achieve a rental of 1000-1500 Euros per month equivalent of a yearly yield of al least 6.5%. This would have covered the cost of your mortgage. Probably at completion 18 months later, rent will be more so you can achieve higher rental yields. Q3) Guaranteed rental income? A: Guaranteed rental normally applies to holiday resorts where income from travel companies can be taken into account. This is not the case in an urban situation in Romania. Q4) where can you meet us? A: You can either meet our knowledgeable team based in our London office or meet our colleagues in Romania. We also organise subsidised inspections trips to Romania for our clients. Contact us for more details. For Sale 2 bed in Romania find Romania properties

Why invest in Bucharest? (Capital city) High unsatisfied demand for residential properties;(estimates of 300,000 units in demand and only 1,800 units delivered in 2007) Local migration to Bucharest for the better-paid jobs (adds more pressure to the residential/rental demand). Major Multinationals ( Microsoft, IKEA,etc) establish headquarters in Bucharest (creates a demand for business rental) Prices on new build are still cheaper than the old communist flats ; SEE MARKET ANALYSIS BELOW Major investments in the infrastructure (Romania will receive ?30billion EU funding between 2007-2012) Low cost carriers flights are available from major UK airports (Easyjet, Ryanair) Why invest in "La Cittadella"? Excellent payment plan (as little as 10% initial capital requirement) Exit plan (re-sell opportunities through our Romanian company before or after completion) Brilliantly located near a developed area of Bucharest with existing infrastructure Excellent transport links underground station, main bus links, easy car access to both central city and the motorway network City High Speed motorway 1.5 miles to the new system(work started already) Proximity to major employment opportunities ensures rental income Major retail and leisure facilities close by(2-3 miles radius) Recreational areas in close proximity(forest and lake areas within 1mile radius) Cittadella is being developed by a partnership of Romanian companies, including a prestigious bank, all of them with a good track records and extensive local market experience. The project is being sold by the developer directly to clients with no middleman involved. This is an incredible investment, with a finance plan designed for high capital gain. Payment Plan 10% -Initial payment - as soon as you sign 20% -Structural work completed - September 08 70% -Completion (mortgage) - September 09 Facilities within the Development Small shops within the development (mini-market and bank) Overground and underground parking (?9,000/?14,500) Case Study- Local Market Analysis ? Militari area Bucharest (Communist era flats v New build) 1)Pricing of existing communist era flats A two bedroom apartment (equivalent to 3 rooms in Romania) average price in the Militari area is ?135,000 for a 75sq metre net area (including balcony). So they can be compared with the new build, the above price needs to be transformed into ?/ sq metre built +Vat. After the calculations, the equivalent of the above price is aprox.: ?1350sq metre + VAT. Q: How was the average price obtained? A: average price taken from www.anuntul.ro (main property search engine in Romania) 2) Pricing opportunities ? La Cittadella? (VAT = 19%) Development = 110 flats/houses Phase 1 first 20 units @ ? 1,100 per sq metre built +Vat Phase 2 next 15 units @ ? 1,200 per sq metre built +Vat Phase 3 next 15 units @ ? 1,300 per sq metre built +Vat Phase 4 last 60 units @ ? 1,500 - 1,700 sq metre built +Vat Q: Why is the property cheaper at the start of the development and then it goes up in value? A: As a developer, in order to get a better deal with the financing bank, we need to have a certain level of interest in the early stages of the project. Because of that, the first few apartments we sell a

? Why invest in Bucharest? (Capital city) High unsatisfied demand for residential properties;(estimates of 300,000 units in demand and only 1,800 units delivered in 2007). Local migration to Bucharest for the better-paid jobs (adds more pressure to the residential/rental demand). Major Multinationals (Microsoft, IKEA,etc) establish headquarters in Bucharest (creates a demand for business rental ). Prices on new build are still cheaper than the old communist flats; SEE? MARKET ANALYSIS BELOW. Major investments in the infrastructure (Romania will receive ?30billion? EU funding between 2007-2012). Low cost carriers?flights are available from major UK airports (Easyjet, Ryanair). Why invest in "Orhideea Gardens"? -Excellent payment plan (as little as 10% initial capital requirements) -Popular development among local celebrities and politicians. -Brilliantly located in central Bucharest with existing infrastructure. -Good leisure facilities within the complex (swimming pool, restaurants) -Excellent transport links: Gara de Nord (biggest rail station), underground station, main bus links,and easy car access to both central city and the motorway network. -Proximity to major employment opportunities for professionals ensures rental income -Major retail centres within 1mile radius(Carrefour, Dambovita center) -Recreational areas in close proximity (Botanical garden, clubs) ? Facilities within the Development -5 blocks of flats/400 luxury apartments by the lake (7hectare development) -Big flats with luxury interiors -Underground & overground parking -Swimming pool -Restaurants -Water sports facilities on the lake -Recreation on the onsite park ? Payment Plan: -10% initial deposit payable now -20 % payable end of June08 -70% completion, December 08 (financed by the bank) ? Q&A ? Q1) Can we offer a rental or furnishing service? ????????? A: We will once a development is completed. ? Q2) What is the rental yield in Baneasa area,? Bucharest? A: A one bedroom apartment at similar standards is currently renting for 1200-1500 euro. Assuming that you had your property completed at this moment in time, you could achieve a rental yield of al least 7.4% ? which would have covered the cost of your mortgage, subject to market conditions ? Q3) Guaranteed rental income?????????? A: Guaranteed rental normally applies to holiday resorts where income from travel companies can be taken into account.? This is not the case in an urban situation in Romania. ? Q4) Where can you meet us? A: You can either meet our knowledgeable team based in our London office or meet our colleagues in Romania.? We also organise subsidised inspections trips to Romania for our clients.? Contact us for more details. ? Key selling points / Investment justifications ? 10% initial payment Current rental yield 7.4% Trend Offices: London, Bucharest, Brasov Exit plan (potential to re-sell or rent through our Romanian offices) NO middleman involved Local market information at NO extra cost Financing available 95% SOLD For Sale 1 bed in Bucharest Romania find Bucharest properties