However, if you choose to invest in overseas properties without seeking expert advice, how do you choose the developer, deal with a solicitor who doesn’t speak English and has credentials that you don’t understand, deal with foreign conveyancing and overseas banking regulations?
Part of the ROPUK network, Preston ‘Off-Plan Overseas Investments’ property specialist, assists you in purchasing off-plan, 5-star, high growth, prime location overseas property, supported by a unique ‘one-stop-shop’ customer service, to help you create wealth for your future.
Our investment properties are not holiday homes – they are developments that are geared to be vehicles for wealth creation. You can choose which development to invest in, safe in the knowledge that they have been thoroughly screened to meet your investment requirements.
Take a look at some investment properties in Southern Cyprus, recently completed by one of our preferred property developers - Giovani
www.giovani.com.cy
For free advice about investment properties, please visit www.opoi.co.uk
or call 07922 766789 for an informal discussion
with absolutely no obligation or pressure to buy at any stage.
Southern Cyprus
Southern Cyprus is currently one of the world’s most lucrative areas for overseas property investment. Here are just a few reasons why:
• Capital Gains Tax - The first £50,000 is exempt and 20% for non-residents, but not applicable to non-residents. Allowances can be offset with financial advice.
• Southern Cyprus is regarded as having the THE most advantageous tax regime in Europe bar none – the top rate of income tax is 30% and only 5% in retirement.
• There is a massive Cyprus government backed development plan underway and along with the discovery of oil, Cyprus is predicted to continue to boom
• Cyprus is now in The EU, has recently adopted the Euro currency and has one of the lowest crime rates in Europe.
• Education and hospitals are of a high standard and all these elements increase the attractiveness of Cyprus for potential resale of your investment.
• Southern Cyprus has capped development at 9,000 apartments per year and the government is encouraging 5 star developments.
• Strict building regulations and our due diligence and research has eliminated any risk of illegal developments resulting in reclaimable property (‘land-grab’)
• There is NO Inheritance, Wealth or Gift Tax in Southern Cyprus
Based in Preston, Off-Plan Overseas Investments has set up a one-stop-shop to take care of the legal and commercial elements you require. Known for our full transparency with clients, you will be invited to Cyprus to meet the people involved and our dedicated representative will guide you through the process and advise you of the opportunities available. We have developed relationships with our chosen overseas property developers to build a full support base of mortgages, solicitors and banking facilities, and also have agreements with independent English speaking solicitors who use the UK conveyancing system for your peace of mind.
For free advice about investment properties, please visit www.opoi.co.uk
or call 07922 766789 for an informal discussion
with absolutely no obligation or pressure to buy at any stage.
What To Expect
Once you and Preston based Off-Plan Overseas Investments’ financial advisers have established that, firstly and foremost, Overseas Property Investment is the most suitable form of investment for your financial circumstances, and is affordable, a £2,000 reservation fee is required, which is fully refundable within 14 days. Between 30-60 days of placing your reservation fee, a 15% deposit is needed in order to secure your investment property.
The development will take, on average, three years to complete. Overseas investment properties in Southern Cyprus have, in recent years, accrued considerable value during this time – our financial advisors have regularly seen an increase of a massive 40-50% and would not propose any purchase without a high probability of achieving 50% within 5 years as a minimum !
On completion of the property, a further 5% is required, making a total deposit investment of 20% from your own funds. Only at this point do your mortgage payments start to incur you cost.
It is important to note that completion and handover do not take place until all site development is completed, facilities are completed, and contractors are off site and the management company is in place, making your property fully rentable or re-saleable.
For free advice about investment properties, please visit www.opoi.co.uk
or call 07922 766789 for an informal discussion
with absolutely no obligation or pressure to buy at any stage.
Bridge Holmes – International Property Rentals
You may choose to sell your property at any phase of the build or immediately after completion and reap the instant financial benefits. However, if you choose to rent, Preston financial services specialist, Off-Plan Overseas Investments recommend Bridge Holmes, who utilise the European Network of Tour Operators to source holiday and residential rental, as well as offering the option of furnishing the investment property to an exemplary, 5-star standard.
Bridge Holmes’ average occupancy has been between 14-26 weeks a year. This generally covers the mortgage, all costs associated with maintenance, cleaning and the 12% rental service charge whilst your property would be expected to continue to generate equity each year.
To arrange an informal fact-finding chat, at a time and place of your convenience, simply contact Preston based financial advisor, Off-Plan Overseas Investments
Tel: 01254 854 828
Mob: 07922 766789
Email: info@opoi.co.uk
Visit: http://www.opoi.co.uk/