Many people these days choose Cyprus as their annual holiday destination because of its beautiful beaches, clean living environment. safety and above all because of its mild climate and year round sun.
And every year many people fall in love with the life style and the lucky few choose to purchase a property here as a holiday home to enjoy whenever they want to, but not everyone has the money to do this as properties can be very expensive to buy out right.
Well now thanks to New Life Homes LTD that dream of owning a slice of Cyprus life has become an affordable reality with the launch of their new Group Purchase Shared Ownership Scheme.
From just €37.500 (Terms & Conditions Apply) you can now buy a share of a beautiful 2/3 or 4 bed 3 bathroom holiday home nestled close to the thriving village of Avgorou in the Famagusta area which can sleep up to 8 persons in the smallest property perfect for family holidays.
The beauty of this scheme is not only do you invest in an appreciating asset which you can use for your holidays but when its not in use you can use our full service rental scheme to rent it out to other holiday makers also.
Best of all though each owner has there own deed for the percentage of the property they own so if 4 persons bought together they would each receive a deed for a quarter allocation of the plot. This means that the portion is owned 100% by you and can be legally sold, transferred or willed.
This gives you not only a rock solid investment in capital and appreciation but also, on average depending on the time of summer season you can expect an average of €450 – €650 per week from a property with a pool in rental income to share between the owners when its rented out and you are not using it.
Lets think about that for a moment. At an exchange rate of €1.15 to the pound for example that would equate to a share purchase owned outright from just £32650 per share when 4 purchase a property. Not only do you secure a bricks and mortar investment but you receive income from it when not in use too. Its a win win when you look at what savings accounts and investments offer in general today. Its also a great asset to own for investment purposes as well and if you are a little tired of the ups and downs of the stock market a bricks and mortar share has so many benefits.
There’s plenty of space too with the Villas offering 157 sq meters and 121 sq meters of covered area depending on which plot you choose and something you don’t usually find in Cyprus is room for a loft conversion as the developer has used the tile and pitch method seen in the UK which allows value added space for an extra bedroom or study and being detached there is plenty of space between you and your next door neighbours.
Additionally 4 of the properties have licences for private swimming pools and all of them benefit from beautiful views of the countryside and the range of mountains to the north whilst being only a 2 min walk to the village centre.
The developments central location allows a mere 30 mins drive to the airport at Larnaca on the new motorway and the towns of Ayia Napa or Paralimni are about 15 minutes away and its also a short 10 minutes drive to the famous Nissi Beach, the new Marina development & the beautiful Mediterranean Sea and nearby you can find schools, supermarkets, village shopping, bus routes, banks and of course cafes & small friendly bars.
Here’s how it works. You and 3 members of you family or perhaps friends, maybe even a combination of both, then select a plot and house with the number of bedrooms you want and the type of finish you want. At this point you can also choose whether you want a pool which is available at extra cost.
Then you sit back while your property is built for you to your exact specification and look forward to enjoying your holidays in sunny Cyprus without having to pay accommodation costs again confident that your in safe hands with New Life Homes LTD.
To find out more about this exciting opportunity or to discover 100% purchase options call Kyriacos on 00357 99 474 456 who can explain the scheme in its entirety in English or Greek or to find out more about the Green Acres Development click here
As an incentive to purchasers on the launch of this amazing scheme the first 3 complete houses purchased will receive a free loft conversion. (Terms & Conditions Apply)