Front Line Luxury Development

This Incredible residence is built on 102,000m2 of land. Built and designed with dreams in mind, this fantastic location combines both modern and luxury living. Welcome to one of the most beautiful geographical locations in North Cyprus. A one of a kind beachfront complex which is a rarity on the Island, every last detail has been meticulously thought out to give residents and guests the ultimate experience

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 are; 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: 30% + 0.5% Stamp Duty
3rd payment: 40% paid in monthly or quarterly installments until
handover Handover: 5% VAT + Water & Electric infrastructure (1,500 GBP) + Maintenance fees
4th payment: 30% paid in monthly or quarterly installments for 2 years interest free. Transfer of title deeds: 3% of property price.
Additional costs: Legal fees, Stamp Duty 0.5%, Electric meter registration, Furniture, Property TAX.
RENTAL YIELDS

RENTAL YIELDS 1 BEDROOM
High season: 375 GBP per week (May – October)
Low season: 300 GBP per week
Long term: 300 GBP per month

OTHER OPTIONS
2 bed apartments: 124,000 GBP
2 bed villas: 265,000 GBP
3 bed villas: 315,000 GBP
Front line villas with infinity pool: 630,000 GBP