A current example of a top investment property in Cyprus,
A top buy to let investment property in Cyprus for 2012.
Fantastic "off plan" 2 bedroom apartments,
Situated in the most popular tourist area in the centre of Limassol, these luxury apartments are situated just over 100 metres from the beach and many of the apartments will have direct sea views. Essentially the complex is right in the middle of this zone, yet right by the beach. Early buyers can acquire the best available sea view apartments first.
Luxury contemporary finish:
The apartments will have an excellent standard of luxury finish and provide exceptional specification for the
very low purchase prices. The builder has a solid reputation and enviable record for producing luxury property that is always in demand. While the apartments are still in the early stages of construction many
have already sold due to the superior location.
All legal aspects and title deeds are in order with this construction.
Rental yields:
Expected rental yields on this apartment in the coveted location would be 2000 Euros per month as a minimum, with a realistic possibility of up to 3000 Euros. This has been established by the assessment of independent property rental companies in the area.
Capital gains on the apartments:
In tandem with the highly sought after location, in the heart of Limassol and the high quality specification and finish, these properties on completion would increase in value by around 40-60%. Not only this, there is a genuine chance of an even larger increase in the sales price, over the next few years. Having assessed the market thoroughly, our opinion is that these apartments are substantially under valued at present.
Property costs:
All property deposits in Cyprus are now 30% with no exceptions.
Total cost of the apartment is 300-000 Euros. (excluding furniture and legal fees).
Transfer duty of around 500 Euros.
Legal costs of 2-3000 Euros.
The total cost of this luxury apartment is 303-500 Euros.
With a very prudent capital gain of 60 % over (five years) = 165 - 000 Euros
in addition to the minimum rental income = 80 - 000 Euros
Total = 245 - 000 Euros -
When the apartment is eventually sold it would be subject to a capital gains tax of 20 % on the 165 - 000 Euros. As you can see despite the tax this is an excellent short or medium term investment particularly if you can pay off the majority of the property cost and maintain a small mortgage.
Click here to see the property detail and images..
If you are serious about making the TOP investments in Cyprus Contact us to find out about the best current prospects for 2012.
A top buy to let investment property in Cyprus for 2012.
Fantastic "off plan" 2 bedroom apartments,
Situated in the most popular tourist area in the centre of Limassol, these luxury apartments are situated just over 100 metres from the beach and many of the apartments will have direct sea views. Essentially the complex is right in the middle of this zone, yet right by the beach. Early buyers can acquire the best available sea view apartments first.
Luxury contemporary finish:
The apartments will have an excellent standard of luxury finish and provide exceptional specification for the
very low purchase prices. The builder has a solid reputation and enviable record for producing luxury property that is always in demand. While the apartments are still in the early stages of construction many
have already sold due to the superior location.
All legal aspects and title deeds are in order with this construction.
Rental yields:
Expected rental yields on this apartment in the coveted location would be 2000 Euros per month as a minimum, with a realistic possibility of up to 3000 Euros. This has been established by the assessment of independent property rental companies in the area.
Capital gains on the apartments:
In tandem with the highly sought after location, in the heart of Limassol and the high quality specification and finish, these properties on completion would increase in value by around 40-60%. Not only this, there is a genuine chance of an even larger increase in the sales price, over the next few years. Having assessed the market thoroughly, our opinion is that these apartments are substantially under valued at present.
Property costs:
All property deposits in Cyprus are now 30% with no exceptions.
Total cost of the apartment is 300-000 Euros. (excluding furniture and legal fees).
Transfer duty of around 500 Euros.
Legal costs of 2-3000 Euros.
The total cost of this luxury apartment is 303-500 Euros.
With a very prudent capital gain of 60 % over (five years) = 165 - 000 Euros
in addition to the minimum rental income = 80 - 000 Euros
Total = 245 - 000 Euros -
When the apartment is eventually sold it would be subject to a capital gains tax of 20 % on the 165 - 000 Euros. As you can see despite the tax this is an excellent short or medium term investment particularly if you can pay off the majority of the property cost and maintain a small mortgage.
Click here to see the property detail and images..
If you are serious about making the TOP investments in Cyprus Contact us to find out about the best current prospects for 2012.
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A current example of a top investment property in Cyprus,