The community is designed for a mix of both owners and renters which offers the off plan investor the option of either selling their property on completion or offering a long term lease to potential residents. Of course the property can be sold at any stage of construction.

Both property re-sales and rental leases will be offered on behalf of owners through the administration office along with extensive internet advertising campaigns.

Investment options

The initial deposit until completion is 15%

Purchasing options:

1. Cash Purchase or mortgage for owner occupation

2. Cash Purchase or mortgage for rental and eventual occupation

3. Purchase for Investment Rental (Mortgages up to 75% available)

4. Purchase Shares in a limited partnership which will own a number of units
(Mortgages available for up to 75% of share purchase price)

Tax Advantages for Retired Residents of Cyprus.

Retiring expatriates moving to Cyprus pay a flat rate of just 5% of any income after the allowance of Euro 3,400. The double taxation agreement existing between the UK and Cyprus also means that pensions can be paid without being taxed at source. In addition there is no inheritance tax in Cyprus.

Comparable Pricing with UK Housing

Pegasus Homes – Cadogan Court Fleet, Hampshire Range ₤279,950 to ₤406,950
Square Meter Price ₤5,971 to ₤6,592

Pegasus Homes - Elisabeth Court, Four Oaks, West Mid. Range ₤229,950 to ₤259,950
Square Meter Price ₤3,553 to ₤4,724

Bovis Homes – Cavendish Court, Cambourne, Cambridge ₤189,950
Square Meter Price ₤4,522

Bovis Homes – Deercote Court, Cheshunt, Herts. Range ₤249,950 to ₤264,950
Square Meter Price ₤3,679 to ₤5,951

Bovis Homes – Priory Manor, Swindon, Wilts. Range ₤154,950 to ₤199,950
Square Meter Price ₤2,777 to ₤3,689

Equivalent rentals

Rentals in the UK are in the range ₤525.00 to ₤875.00 per month.
Cyprus Rental say ₤650.00 equals €818.00 per month.