Evocasa Orizont brings 1000 apartments and villas to northern Ploiesti
The city of Ploiesti is historically known due to its oil industry. Although very far from the glamour of Texas oil companies, most of the extraction and refining used to take place in this area. Nowadays, things have slightly changed – the oil companies took a back seat (although business is still blooming for them) and a new wave of international companies settled at the outskirts of Ploiesti, from Coca Cola to British American Tobacco; recently InBev opened a production facility in Ploiesti (you might have not heard of the name, but surely had the pleasure of one of their products - Stella Artois). Why the interest? Because Ploiesti is well located – slightly cheaper prices than Bucharest, easier access for cargo trucks, and you can get to both the capital (55 km) and the mountain resorts (Sinaia is about 65 km away) within one hour. And, although the Otopeni/Henry Coanda airport is 45 kilometres away, due to the traffic, you might get there quicker than somebody leaving the capital. To summarise, Ploiesti is likely to become for Bucharest what Reading became for London over the past couple of decades.
After the increased interest for large commercial companies, the developers now follow suit with residential projects. One of these is Evocasa Orizont (as you might have guessed, ‘orizont’ is Romanian for ‘horizon’), currently being built on the outskirts of Ploiesti; don’t be put off by ‘outskirts’ – the city is rather small (22 square miles, with a population of 230 thousands. The project is relatively large, at least when compared to the size of the city: 120000 sqm and 1000 apartments and villas, priced at 120 million euros.
Prices are slightly on the high side too; the cheapest (studio) flat costs 84000 €, and that’s without the VAT. However, prices of larger apartments and houses are not going too far – a three-bedroom flat costs 150000€ + VAT, and the prices of villas start from 190000€ + VAT. Unfortunately, the website of the project is rather cagey about the actual details of each unit, which is why the only publicly available figures are from the media articles presenting the project.
When will Ploiesti Evocasa Orizont be ready? You might have to wait just a bit for that. The project was officially launched only a few days ago and will be completed in four years time. However, the first 118 flats and 35 villas will be sold through Coldwell Banker Meridian in two years time.
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Posted: November 5th, 2007 under Apartments, Property Development, Villas.
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