A survey conducted by the developer found that 30% of the potential hidden issues of new residential builds produce effects within the first two years since construction and 80% produce effects within the first five years.
“Our survey showed that over 90% of the issues that may arise after the average 2-year construction guarantee period are not fixed under the guarantee but homeowners pay out of pocket. We decided to offer a 5-year guarantee for Core Timpuri Noi,” said Andrei Moanta, CEO of Prima Development Group.
Core Timpuri Noi is the developer’s second project in Bucharest, after the recent completion of Boemia Apartments, a boutique-style residential project, following an investment of EUR8.5 million.
“Sales for Core Timpuri Noi started in May 2020 and 60% of the units are pre-sold. The building will be completed according to plan, at the end of this year, and owners can expect to move in the first quarter of 2022. We are working with specialists to ensure the delivery of sustainable housing and the five-year guarantee is part of our long-term commitment,” Moanta said.