Full Description

The site comprises:

• 87x3-bed, 2-bath detached 3 story villas

The Colony is ideally located for real estate investment in an already popular and expanding region of Northern Cyprus. The site is set in beautifully landscaped grounds complete with communal swimming pools.

The Colony is an off-plan opportunity with completion scheduled for February 2011.

Key Financial Indicators:

• Client entry costs from £22,975*
• Up to £223,072 profit over 5 years
• Anticipated RoI of 248% over 5 years

Payment structure

1. Choose your unit.

2. Pay the initial deposit £22,975*

3. Pay £2,500 infrastructure charge no earlier than February 08

4. Pay £2,500 infrastructure charge no earlier than August 08

Infrastructure charges cover the cost of essential pre-build work including creating roads, providing site security during construction and developing communal facilities.

5. Building of the development will begin in month 24 from the date on which the site is launched. This allows for maximum capital appreciation.

6. Between month 24 and month 42 the cost of construction will be spread over 6 payments.

Why Northern Cyprus?

• House prices rose by 46% over the three year period to 2006, the average price rise in value of land for the same period was 417%
• Northern Cyprus enjoys a warm climate with 320 days of sunshine every year
• British Airways fly direct to Cyprus every day
• Taxes are low including
  • 0% inheritance tax
  • The ability to have your UK pension taxed at a low 5%
  • 0% VAT on consumer goods for visitors
• There is currently a shortage of available land for development
• It is predicted that in 5 years time zoned land for investment will have run out
• A large number of British expatriates live in Northern Cyprus
• The legal system is based upon British common law
• The government is encouraging the development of Northern Cyprus as an international fiscal and business centre, with intensive UK and US investments helping to support regeneration projects

* plus legal fees of £3,050.00