Property Details
- Property: Apartment (Off Plan)
- Bedrooms: 1
- Bathrooms: 1
- Receptions: 1
Villa Del Mar
Studio, one bedroom and two bedroom beach apartments available.
Worldwide Investments has managed to negotiate a special deal for our clients, and secured twelve, fully-furnished, studio apartments for just £45,000 each. This is £15,000 below the list price, giving the buyer 25% instant equity.
Features
Buy a beach apartment for £45,000 and in 10 years own a beautiful £145,000 villa for free!
This offer is for 100% cash payment in full purchases only.
This is an incredible investment opportunity since it enables buyers to pay emerging market prices for an established tourist hotspot. They can purchase an investment apartment in Villa Del Mar for just £45,000 and in ten years’ time they will own a beautiful £145,000 villa.
This level of return on investment is possible because the apartment will be rented out by the resort management company (established for more than 25 years), which keeps the rental income, then after ten years, the villa is given to the apartment owner with all of the associated capital growth.
For people who would rather receive an income from their apartment they can receive an 8% guaranteed rental return for the first two years, whilst the resort is established. After the two years they will receive a 50/50 split of the rental returns generated by the management company.
Property prices aren't falling in every cuntry: $Billions in holiday property sales
Despite much of the world being in recession the Dominican Republic Ministry of Tourism estimates that vacation property sales reached US$800 million in 2008, more than double reported for the five-year period of 2002-2007, when these totaled US$351.2 million, as reported in Hoy. According to estimates by the Ministry of Tourism, by 2012, US$7.1 billion will have been invested by foreigners buying second homes in the Dominican Republic.
Property prices in the Dominican Republic are estimated to increase by 15%-20% in 2009. The impact of the world economy has been softened due to the desirability of this area and that living costs are so economical. People can go to the Dominican Republic and spend a lot less money than other Caribbean destinations and in hard economic times this looks very appealing.
The Dominican Republic has become one of the hottest spots to tee-off in the Caribbean, if not the world. Here golfers will find 19 courses with oceanfront fairways and swaying coconut palms. They'll also find courses designed by legends such as Pete Dye, P.B. Dye, Jack Nicklaus, Arnold Palmer, Robert Trent Jones, Gary Player, Tom Fazio and Nick Faldo.
The Dominican Republic was also named “Caribbean's Number One Destination” in 2006, a title given by the World Tourism Organization and one that was owned by Puerto Rico for the previous forty years.
Investment Overview:
Apartments start from only £60,000. Fully furnished and with sea views available.
Pay emerging market property prices for an established tourist hot spot.
70% mortgage finance available.
Beach front location.
8% rental return for first two years. 50/50 split with management company after the two years.
Fully managed by US based management company - established 25 years.
Villa Del Mar is located a mere 15 minutes from the new El Catey International Airport with daily arrivals from Europe, Canada and the USA.
Government has put a hold on new building permits in the Samana Bay area. We believe this will result in strong capital growth as this sought after area won’t become over supplied with property.
In July 2007, Special Incentives Law 171-07 for Pensioners and Rentees of a foreign source was passed in the Dominican Republic. Low cost of living makes the Dominican Republic a popular retirement destination for ageing US and European populations.
For clients not wanting to pay all cash they can get a fully furnished studio apartment for £60,000.
30% down and 70% payable upon completion via Caribbean mortgage.
30% down equates to just £18,000.
Why Pay More for your Property?
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