A New Luxury & Unique Development

The concept of the project is a famous hotel located in Greece, named Cavo Tagoo. Consists of luxury apartments and exclusive villas on the front line facing the sea.

The project features a communal swimming pool with wooden decks in the pool and a heart-shaped heated pool with incredible sea views.

WHY INVEST IN NORTH CYPRUS?

With tourism on the rise year on year, you can be assured that you will receive a faster return on investment. North Cyprus uses the Turkish Lira currency instead of the Euro, because of this reason the cost of living and the cost of property is extremely cheap, in fact, 30 to 40% cheaper than most of Europe, you can pick up a lovely apartment for as little as 50,000 GBP right on the beach, the same location in Europe will set you back at least 150,000 Euros. Another reason for the prices being so attractive is; until recent years mortgages have been scarce here, now developers are offering interest-free loans of up to 7 years. For this reason, we have seen an influx of International Investors taking full advantage of the prices, this also means that developments are going up everywhere to keep up with demand, which leads to the prices rising year on year by at least 10%.

PAYMENTS

1st payment: 2,000 GBP reservation fee + Legal fees (1,400 GBP)
2nd payment: 35% + 0.5% Stamp Duty on signing contract
3rd payment: 60% as per construction stages until handover
Handover: 5% VAT + Water & Electric infrastructure (1,500 GBP) + Maintenance fees
4th payment: 5% due on key handover
Transfer of title deeds: 3% of property price
Additional costs: Legal fees, Stamp Duty 0.5%, Electric meter registration, Furniture

RENTAL YIELDS FOR A STUDIO APARTMENT

High season: 850 GBP per week (May – October)
Low season: 500 GBP per week
ROI—8 Years 25% capital appreciation

OTHER OPTIONS

1 bed apartments: 139,990 GBP
2-bedroom apartments: 169,000 GBP
3 bed apartments: 184,990 GBP
Villas: 490,000 GBP