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APARTMENTS , PENTHOUSES AND VILLAS
Set on the hills of Latchi with stunning panoramic sea views, this investment boasts the perfect setting for success.
Latchi Panorama offers multiple investment highlights, including our launch offer, for a limited time, of a full furniture pack (choice of 3 styles).
Other reasons to invest in this project in Cyprus:
Generous tax incentives
Previously a British colony
Legal system is 90% British
2004 Cyprus became an EU country - January 2008 it adopted the Euro
Strong rental returns between 8 and 12% per annum
Average capital appreciation 20% per annum
Full rental management services provided by Universal Vacations
New €440 million motorway expansion to be completed by 2011
Latchi panorama is only 25 minutes from Paphos Airport
This is an exclusive area with many high-end facilities, including a 5-star hotel, a new marina, the famous 'Baths of Aphrodite'
For a full virtual video tour of the stunning Latchi Panorama development, please click the 'virtual tour' link below left.
The Investment
Only 15% deposit is required at exchange, unlike many other Cypriot developments which charge 40% deposit
80% loan-to-value mortgages available
Low entry investment for a luxury product in a thriving property market
The Exit Strategies
Rentals
On-site rental management through Universal Vacations
17.5% rental management fee is charged which covers: cleaning, food pack, electric, property taxes, insurance and the Association charge
Resale
The developer has a sales division in place to assist in resales
0% commission to resell before completion
The Golf Courses
Under construction and due for completion around the same time as Latchi Panorama itself, two new signature golf courses by Gary Player and Jack Nicklaus add to the many other benefits of investing in this development.
The Security
IPIN confirms that this project has passed all necessary checks as part of its due diligence process.
As the project complies with all legal requirements, IPIN has no hesitation in offering this project to its investor members.
Cyprus uses the same law system as the UK, inherited from its colonial days
The bank insists that contracts are in English, that the solicitor is English-speaking and that the property is immediately registered at the land registry in the buyer´s name
With an 80% LTV mortgage, the bank has total control of the land and ensures that any funds released to the developer is for work that has already been approved by a chartered surveyor
The mortgage is a non-status arrangement. Should, for any reason, a client not be accepted for the mortgage, then all monies will be refunded to the client and the property will go back on sale at the higher price
The Developer
The developer is a well-established resort development company specialising in exclusive property in Cyprus. Projects include hotels and residential complexes in Cyprus.
The Rental Management Company
The developer has signed an agreement with established rental company Universal Vacations for the rental marketing and management of all property within the Latchi Panorama resort.
Universal Vacations, regarded as leaders in their field, with over 20 years of experience in the Florida market, are now bringing their experience and expertise to Cyprus. On completion of the resort they will manage all properties that are included in the rental programme using the on-site rental office.
Negotiations are currently underway with a number of tour operators who are interested in adding Latchi Panorama to their portfolio.
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