Property ID: 905052

Price: 905052 327750.00 EUR

Key Features

Residential Property

Cyprus - Paphos region -

Apartment

Full Description

Cyprus has experienced between 15 and 17% capital growth per year for the last 5 years. The example below is based on only 10% capital growth per year. This stunning new development is located between the tourist area of Kato Paphos and the old town of Paphos, just 5 minutes walk to a huge selection of bars and restaurants, 10 minutes to the beach and 15 minutes to the Harbour Luxury three Bedroom Apartments – start from 327,750 Euros and include: • Luxury furniture package • Air conditioning throughout • Oven, Hob, Extractor Fan, Washing Machine, Fridge Freezer, T.V, DVD Player • Beautiful Landscaped Gardens • Private Secure Covered Parking • Gymnasium • Steam Room • Sauna • 350m² Swimming Pool • Outdoor Jacuzzi • 2 years rental guarantee with two weeks owners use per annum • Nothing to pay for 18 months after deposit & then a further 2 year rental guarantee • 18 months off plan for maximum capital growth • Flexible finance options (typical example below) The above table is based on the remaining balance of €229,425 to be paid by a low interest rate mortgage with payments starting in March 2010 (18 months) when the project is complete. A rental guarantee will be paid on delivery of the project 5% of the net purchase price per annum for 2 years. This equates to € 1187.50 per month, totalling €28,500.00. This can be used against the interest only mortgage repayments which gives the potential of 3 ½ years no capital outlay (please note that the rental guarantee amount may not cover the total monthly mortgage costs). This fantastic offer enables you to enjoy capital growth on your property with the opportunity of nothing more to pay for 3 ½ years after your initial deposit. Recent article in the Sunday Times said: Cyprus has been highlighted as the top place in the world for retirement, as this recent article in Sunday Times shows: