Residential offer: Apartments for sale with the first two years’ utilities paid by the developer

The Romanian investors behind Ecovillas, who are developing the eco-friendly (passive) Loft Green Apartments project in Mogosoaia, have announced that they would start selling apartments in December and cover the cost of utilities for the first two years.

Thus, the cost of hot water, heating, cooling and electricity will be borne by the developer for the first two years.

Virtually everyone who signs an agreement this month for the purchase of a home in Loft Green Apartments will be exempt from paying bills – a first on the Romanian market.

And after the two years of not paying for utilities, tenants’ costs for hot water, heat and cooling of homes will be 80 percent lower compared to an old apartment due to the geothermal pumps that these dwellings use.

”The main advantage of passive apartments is the low cost of hot water, heating and cooling of apartments. Our apartments are very well insulated to reduce heat loss. For example, in our Ecovillas passive house project, tenants pay in the winter months about 100 lei for heating and hot water,” said Gabriel Focseneanu, one of the investors in Loft Green Apartments.

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Loft Green Apartaments is the first package of passive apartments launched on the real estate market in Romania, which offers a way of living to the future tenants in the way they are built.

The apartments use renewable energy, and the heating is done using geothermal pumps, fitted underground. The pumps operate using the same principle as the refrigerators.

How thermal pumps work

The earth’s temperature is constant throughout the year, and the heat pump recovers the house’s heating demand with the help of a fluid that runs through a deep-sealed circuit and, with the help of a heat exchanger, transfers the heat from underfloor heating.

In this way, the heat is recovered in the cold period, and cool temperature in the warm period of the year. Unlike conventional heating using electricity, gas or solid fuel to generate heat, the geothermal heat pump uses far less energy because it only makes a heat transfer already in the ground.

Out of 1 KW of electricity, 5K W of thermal energy is produced. The three Romanian builders, who have also developed the Ecovillas passive house project, have brought this Scandinavian system to Romania for better energy efficiency and reduced costs.

In total, at Mogosoaia, three blocks of 154 apartments will be built, and the first phase of the project will be completed in May 2019 – 44 boutique-style apartments with a unique design.

Loft Green Apartments is an EUR 10 million residential project. Ecovillas developer is at its second real estate development in Romania, the first project having been launched in 2014, in District 5, where it built 32 passive houses. The Ecovillas Passive House project was fully sold in 2016, and since then its value has risen 35 percent to the present.