Imobil Invest

Please be informed that on July 1, the Public Property Agency announced competition for three 100% stakes of State companies and eight Real Estate/production properties.

Among them are concrete production facility, pharmaceutical production and distribution enterprises, buildings downtown and in good areas of Chisinau, a restaurant, a distillery, etc.

The deadline for document submission is July 28, 2008.

Please contact us for further information, detailed listing and competition participation.

Information is provided by the Ministry of Economy of Moldova.

JUST IN

A two-bedroom apartment in historic part of downtown for sale.

The apartment is located 2 blocks below Stefan cel Mare blvd, in a two-story building on the second floor.

Apartment amenities: gas hot water heater installed, central heating, cosmetic renovation. Feature: high ceilings - ~4m. Great and convenient floor layout. Total size 64.4 sqm, relatively large bathroom. Can be used for living immediately.

Building features: clean, secured yard, small number of neighbors, nicely renovated stairs, parking in the yard available. Built in 1950s, the building features wide walls (~1 meter), little number of main walls (suitable for reconstruction).

Area features: historic downtown, easy access to public transport, cultural attraction, business and Government structures, central market and bus station.

Price: 77 700 Euro

Contact info: info at imobilinvest.com, +373 22 270075, +373 69 101359, +373 69 103669

Apartment pictures: coming soon

Location: Downtown Chisinau (2 min walk from Stefan cel Mare Boulevard)
Description:

Apartment

Total size 125 м2, located on the 8th floor of 8. Fully repaired and equipped with modern furniture and appliances. Kitchen - 20 sqm, 10sqm-bathroom. Two full bedrooms. The apartment is self-heated and airconditioned. Ready for renting our or living. The apartment comes with one sub terrain parking.

Building

The building is located downtown Chisinau, 2 min walk from Stefan cel Mare Boulevard. One of the most prestigious buildings in the City. Secured yard, playground, sub terrain and in-yard secured parking.

GREAT INVESTMENT IN RENTAL PROPERTY ON COMPETITIVE PRICE

Price: 185 000 EUR (UNDERGROUND PARKING INCLUDED)

Contact: info at imobilinvest.com, +373 22 270057, +373 69 101359

June 27, 2008

Today, the Parliament of the Republic of Moldova adopted the Mortgage Law.

As it was reported in the Ministry of Economy and Trade of Moldova, the document defines the term “mortgage”, “mortgage construction”, “mortgage contract”, registration and upgrade of mortgage rights, possession, use and management of mortgage properties, transfer and concession of mortgage rights.

The Law defines the bases and procedure of termination and modification of mortgage, refinancing of mortgage loans, introduction of mortgage conditions for existing and future capital construction, as well as unfinished constructions, etc.

It is planned that the Law will act the foundation for mortgage loans development in Moldova. It should assure the creditors during the construction crediting process or while purchasing the apartments under construction. According to the authors’ opinion, the new law will increase the interest to mortgage financing in Moldova, and create conditions for loyal competition among mortgage creditors.

Source RBC