• At HILS Development, apartment prices remain unchanged in the first quarter of 2024. From January 15 to March 31, the developer bears an increase in VAT from 5% to 9%, thus absorbing the impact of the new tax measures for customers.

HILS Development, a real estate development company founded by Ionuc Negojce, announces new conveniences for clients in the context of the entry into force of fiscal measures that require an increase in VAT from 5% to 9% for houses worth up to EUR 120,000. Those unable to purchase a home by the end of 2023 will continue to benefit from the unchanged 5% VAT rate, the difference being covered by HILS Development through a discount applied to the VAT price, so that for the customer, the cost of the apartment will remain unchanged from 2023.

“HILS Development’s mission is to give as many people as possible access to a quality lifestyle in Bucharest, and we fulfill this mission every day through the projects we develop. We always ensure that the locations and facilities of the projects, as well as the quality standards of construction that we implement, as well as the cost of the units, are in line with the vision of affordable quality living. But our mission continues despite the current challenges. We are a partner for our client both during the acquisition process and after the client becomes a resident of the HILS community, and we believe it is normal to try to find a solution when the client is placed in a less favorable situation. Due to the fact that the new fiscal measures affect people’s access to housing, we decided to compensate for this impact by applying a differentiated discount to the price of apartments with VAT, so that our customers do not feel the VAT increase at all. .”, said Ionuc Negojce, founder and CEO of HILS Development

Therefore, between 15 January and 31 March 2024, all apartments in HILS Development projects subject to the VAT increase measure will benefit from a price reduction designed to offset the difference created by the VAT increase. The discount will be applied to the price of each apartment with the new VAT, so the cost to the customer will remain unchanged compared to what they would have paid in 2023.

The new offer is valid for all apartments worth up to EUR 120,000 excluding VAT from HILS Development projects, regardless of whether they are ready-to-move-in apartments, apartments in the process of completion or under construction. HILS Development currently has ready-to-move-in apartments in the completed HILS Pallady and HILS Splai projects, ready-to-move-in and unfinished apartments in the HILS Brauner project, and unfinished apartments in HILS Sunrise. , HILS Titanium and HILS Republica projects.

To date, HILS Development has launched 6 large-scale projects that have a significant positive impact on the landscape and quality of life in the east of the capital. HILS Pallady, HILS Brauner and HILS Splai are home to a community of more than 6,000 residents that continues to grow, and residents not only benefit from comfortable, high-quality housing, but also all the amenities the community needs, HILS Development involvement in the development territories outside the residential project. A good example of a community with all the needs of proximity is HILS Pallady, a complex with 1908 apartments located 50 meters from the Anghel Saligny metro station, which has green areas, recreation and communication areas, children’s playgrounds, underground and above-ground parking, office and commercial spaces, cafes 5 to go and, for the first time, a private medical clinic integrated into the project. The Medikali clinic, which offers private medical services according to European standards, has more than 80 doctors and 30 specialties for a wide range of diagnostics and treatment, was integrated into the HILS Pallady project to provide residents with quick access to a private healthcare network that is not was area.

But not only the completed HILS complexes are noteworthy, the developer continues to actively work in the east of the capital with ambitious plans. The most recent project launched, HILS Republica, is the largest urban regeneration project in the eastern part of Bucharest. Launched at the end of 2023, the project has a 10-year development period and will return the former Faur-Republica industrial area to residents in the form of a new city within the city, located 600 meters from the Republica metro station, on 180,000 square meters of 5,000 homes, over 50 000 m2 of parks and green spaces, a private medical clinic, a private school and kindergarten, commercial and office premises, bicycle paths, everything you need in the community.

About HILS Development

HILS Development is a real estate development company founded in 2018 by developer Ionuț Negoiță with a mission to build new communities, promoting access to a quality life for as many residents of the capital as possible. HILS Development’s vision of community development through multifunctional projects is focused on the eastern part of the capital and has a planning horizon of 20 years. Currently, HILS Development has 6 major projects launched in Bucharest.

​Article supported by HILS Development