Practical guide
How to buy a new apartment in Sibiu
1. Choosing the apartment and reserving it
You choose the type, floor and orientation according to your needs. At BellResidence three types are available in building C3. The apartment you want can be reserved for a period, usually against a reservation fee deductible from the price.
2. The pre-sale contract and the down payment
A pre-sale (promissory) contract is signed, fixing the price, the area, the completion deadline and the terms. On signing, a down payment is made and the balance is paid according to the agreed schedule.
3. Financing
You can buy with your own funds or with a mortgage loan. The bank appraises the apartment and your income, then approves the loan. The prices shown already include VAT (21%) and a parking space — no additional VAT is added.
4. Payments during construction
In the pre-sale phase you benefit from a preferential price, and payment can be spread in instalments by construction stages (at structure, at completion, etc.), under the pre-sale contract. The exact payment schedule for BellResidence is set in the pre-sale contract and provided on request.
5. Handover of the apartment
At completion, you inspect the apartment together with the developer and sign a handover report. Any remarks are recorded in the report for remedial work.
6. The sale-purchase contract and the land-registry entry
The transfer of ownership is done through a notarised sale contract. The land-registry entry in the Land Book (Cartea Funciară) is then carried out. Notary and land-registry costs are usually borne by the buyer.
Costs to factor in
- Notary fee and land-registry charges
- Bank fee and appraisal costs (if you take a loan)
- Additional parking space or storage unit, if purchased on top
The information is general and may vary according to the legislation in force. The exact terms are set in the pre-sale contract and in the sale-purchase contract.
Frequently asked questions
Questions about the buying process
What are the steps to buy a new apartment?
Choosing and reserving the apartment, signing the pre-sale (promissory) contract with a down payment, arranging financing, stage payments (during pre-sale), handover at completion, and the notarised sale contract with land-registry entry.
What is the pre-sale (promissory) contract?
It is the sale-purchase promise that fixes the price, area, completion date and conditions, signed before the final contract. A down payment is made on signing.
What VAT applies to a new apartment?
The applicable VAT rate is 21% and it is already included in the displayed prices. No additional VAT is added to the quoted price.