We have available an excellent German hedge fund which has been very successful for about 19 years on the market and has 0 % negative response on &ldquo;google&rdquo; and in the press.Here are the hard facts:* An outstanding investment and the perfect track record of the forerunner FLEX fonds* The initiator has a perfect past performance &amp; reputation for more than 19years* Perfect reputation report from consumer &amp; investors protection office* The cash transfers / calculations are made by a renowned trustee as a matter of fact, hardly any return of this investment would be taxed either on income or on capital gain tax* This fund has the lowest cost level (6.41%) on the entire German fund market* We will have all necessary and certified forms for an investment in English language on hand, even a contract with a German tax-adviser to provide the income tax declaration of income achieved in Germany from renting and lease for just 40,41 pounds per annum.Minimal ParticipationThe minimal share is EUR 20,000 plus 5% premium (Agio). Apart from one-off deposits however, the investor can initially pay only half of the agreed share as well as the premium (corresponding to the entire sum), i.e. the 52.5% of the share amount (Variation &ldquo;Fix-FLEX&reg;&rdquo;). In the following period the corresponding payment of dividends of the next 180 months for this option shall be calculated and accounted for with the outstanding amount of the investor, so that &ndash; at a planned course of the fund &ndash; the share amount, despite the deposit of half theshare, shall be reached within approx. 15 years.For minimum investment requirement please make requirement.To request further details please use the Contact Us link below.To view more properties from Walcott Investment click the 'More Properties' link below.<br /> Bedrooms: 0<br /> Bathrooms: 0<br /> Area: <br /> Plot Area: We have available an excellent German hedge fund which has been very successful for about 19 years on the market and has 0 % negative response on &ldquo;google&rdquo; and in the press.Here are the hard facts:* An outstanding investment and the perfect track record of the forerunner FLEX fonds* The initiator has a perfect past performance &amp; reputation for more than 19years* Perfect reputation report from consumer &amp; investors protection office* The cash transfers / calculations are made by a renowned trustee as a matter of fact, hardly any return of this investment would be taxed either on income or on capital gain tax* This fund has the lowest cost level (6.41%) on the entire German fund market* We will have all necessary and certified forms for an investment in English language on hand, even a contract with a German tax-adviser to provide the income tax declaration of income achieved in Germany from renting and lease for just 40,41 pounds per annum.Minimal ParticipationThe minimal share is EUR 20,000 plus 5% premium (Agio). Apart from one-off deposits however, the investor can initially pay only half of the agreed share as well as the premium (corresponding to the entire sum), i.e. the 52.5% of the share amount (Variation &ldquo;Fix-FLEX&reg;&rdquo;). In the following period the corresponding payment of dividends of the next 180 months for this option shall be calculated and accounted for with the outstanding amount of the investor, so that &ndash; at a planned course of the fund &ndash; the share amount, despite the deposit of half theshare, shall be reached within approx. 15 years.For minimum investment requirement please make requirement.To request further details please use the Contact Us link below.To view more properties from Walcott Investment click the 'More Properties' link below.<br /> Bedrooms: 0<br /> Bathrooms: 0<br /> Are
Return on Investment ·Based on 5 years capital appreciation.·Property value £100,000.·15% deposit. £15,000 due immediately on signing contract.·£1,500 legal fees.20096% capital appreciation on £100,000 =£106,00020106% capital appreciation on £106,000 =£112,36020116% capital appreciation on £112,360 =£119,10120126% capital appreciation on £119,921 =£126,2482013*6% capital appreciation on £126,248 =£133,823 £ 33,823 profit, based on initial cash outlay of just £16,500 which brings us to the figure of 204% Return on Investment.* In 2013, Hungary is scheduled to join the European Monetary Union which means the Hungarian Forint will be converted into Euros. Looking back in history, every country to join the EMU has benefited from an immediate 15% - 30% increase in property prices.For example purposes we will use 15%.2013*15% capital appreciation on £126,248 =£145,185£ 345,185 profit, based on initial cash outlay of just £16,500, which brings us to the figure of 273% Return on Investment.These returns are calculated on the assumption that the investor uses 85% loan financing. The minimum 15% deposit allows you, the client, to benefit from considerable upside gearing on your investment. Tax FreeFrom January 1st 2008 there is new legislation for private individuals buying property for investment in Hungary. Properties bought as a private individual and sold in the fifth year of ownership or after will be subject to 0% capital gains tax.Invest In BudapestThe Paris of the East• €22.6 billion of EU funding is being invested in Hungary.• Stringent and dependable legal system.• Popular location for large multinational companies.• Lively buy-to-let market.• Considerable local buying power and equity stock.• Budapest generates 60% of Hungary’s GDP.Complete Investment SolutionCrown Global provides the following…·Land purchase·Construction·Project management·Marketing and sales·Legal and financial advice·Accountancy services·Multi-lingual staff·Interior design and furnishing·On-site property management - ongoing·A British development company operating in London for over 2 decades, Budapest for 1 decade and more recently in the last 4 years Brasov, Romania.Features and Specifications·Exclusively designed 1,100 m2 of private landscaped gardens.·Pre-installed air-conditioning.·Fully furnished and integrated kitchens.·Parquet wood flooring throughout all apartments. ·Secured parking.·70% of apartments overlook the south facing gardens.The Gardens is a breathtaking realisation of innovation and imagination. In addition to this, within 1.6km is Vaci office corridor, the main road running out of downtown. The Vaci office corridor is the most densely populated area of multi national companies in Budapest. The following global brands operate very close to The Gardens: • KPMG• Sony Ericsson• 3M• Bridgestone• Knight Frank• Lombard Insurance Group• Oriflame• Allianz Bank• Ferring Pharmaceuticals• Fortis• Porsche Bank• RicohDue to its superior location The Gardens is one of the safest investment opportunities in Budapest.
Return on Investment ·Based on 5 years capital appreciation.·Property value £100,000.·15% deposit. £15,000 due immediately on signing contract.·£1,500 legal fees.20096% capital appreciation on £100,000 =£106,00020106% capital appreciation on £106,000 =£112,36020116% capital appreciation on £112,360 =£119,10120126% capital appreciation on £119,921 =£126,2482013*6% capital appreciation on £126,248 =£133,823 £ 33,823 profit, based on initial cash outlay of just £16,500 which brings us to the figure of 204% Return on Investment.* In 2013, Hungary is scheduled to join the European Monetary Union which means the Hungarian Forint will be converted into Euros. Looking back in history, every country to join the EMU has benefited from an immediate 15% - 30% increase in property prices.For example purposes we will use 15%.2013*15% capital appreciation on £126,248 =£145,185£ 345,185 profit, based on initial cash outlay of just £16,500, which brings us to the figure of 273% Return on Investment.These returns are calculated on the assumption that the investor uses 85% loan financing. The minimum 15% deposit allows you, the client, to benefit from considerable upside gearing on your investment. Tax FreeFrom January 1st 2008 there is new legislation for private individuals buying property for investment in Hungary. Properties bought as a private individual and sold in the fifth year of ownership or after will be subject to 0% capital gains tax.Invest In BudapestThe Paris of the East• €22.6 billion of EU funding is being invested in Hungary.• Stringent and dependable legal system.• Popular location for large multinational companies.• Lively buy-to-let market.• Considerable local buying power and equity stock.• Budapest generates 60% of Hungary’s GDP.Complete Investment SolutionCrown Global provides the following…·Land purchase·Construction·Project management·Marketing and sales·Legal and financial advice·Accountancy services·Multi-lingual staff·Interior design and furnishing·On-site property management - ongoing·A British development company operating in London for over 2 decades, Budapest for 1 decade and more recently in the last 4 years Brasov, Romania.Features and Specifications·Exclusively designed 1,100 m2 of private landscaped gardens.·Pre-installed air-conditioning.·Fully furnished and integrated kitchens.·Parquet wood flooring throughout all apartments. ·Secured parking.·70% of apartments overlook the south facing gardens.The Gardens is a breathtaking realisation of innovation and imagination. In addition to this, within 1.6km is Vaci office corridor, the main road running out of downtown. The Vaci office corridor is the most densely populated area of multi national companies in Budapest. The following global brands operate very close to The Gardens: • KPMG• Sony Ericsson• 3M• Bridgestone• Knight Frank• Lombard Insurance Group• Oriflame• Allianz Bank• Ferring Pharmaceuticals• Fortis• Porsche Bank• RicohDue to its superior location The Gardens is one of the safest investment opportunities in Budapest.
Return on Investment ·Based on 5 years capital appreciation.·Property value £100,000.·15% deposit. £15,000 due immediately on signing contract.·£1,500 legal fees.20096% capital appreciation on £100,000 =£106,00020106% capital appreciation on £106,000 =£112,36020116% capital appreciation on £112,360 =£119,10120126% capital appreciation on £119,921 =£126,2482013*6% capital appreciation on £126,248 =£133,823 £ 33,823 profit, based on initial cash outlay of just £16,500 which brings us to the figure of 204% Return on Investment.* In 2013, Hungary is scheduled to join the European Monetary Union which means the Hungarian Forint will be converted into Euros. Looking back in history, every country to join the EMU has benefited from an immediate 15% - 30% increase in property prices.For example purposes we will use 15%.2013*15% capital appreciation on £126,248 =£145,185£ 345,185 profit, based on initial cash outlay of just £16,500, which brings us to the figure of 273% Return on Investment.These returns are calculated on the assumption that the investor uses 85% loan financing. The minimum 15% deposit allows you, the client, to benefit from considerable upside gearing on your investment. Tax FreeFrom January 1st 2008 there is new legislation for private individuals buying property for investment in Hungary. Properties bought as a private individual and sold in the fifth year of ownership or after will be subject to 0% capital gains tax.Invest In BudapestThe Paris of the East• €22.6 billion of EU funding is being invested in Hungary.• Stringent and dependable legal system.• Popular location for large multinational companies.• Lively buy-to-let market.• Considerable local buying power and equity stock.• Budapest generates 60% of Hungary’s GDP.Complete Investment SolutionCrown Global provides the following…·Land purchase·Construction·Project management·Marketing and sales·Legal and financial advice·Accountancy services·Multi-lingual staff·Interior design and furnishing·On-site property management - ongoing·A British development company operating in London for over 2 decades, Budapest for 1 decade and more recently in the last 4 years Brasov, Romania.Features and Specifications·Exclusively designed 1,100 m2 of private landscaped gardens.·Pre-installed air-conditioning.·Fully furnished and integrated kitchens.·Parquet wood flooring throughout all apartments. ·Secured parking.·70% of apartments overlook the south facing gardens.The Gardens is a breathtaking realisation of innovation and imagination. In addition to this, within 1.6km is Vaci office corridor, the main road running out of downtown. The Vaci office corridor is the most densely populated area of multi national companies in Budapest. The following global brands operate very close to The Gardens: • KPMG• Sony Ericsson• 3M• Bridgestone• Knight Frank• Lombard Insurance Group• Oriflame• Allianz Bank• Ferring Pharmaceuticals• Fortis• Porsche Bank• RicohDue to its superior location The Gardens is one of the safest investment opportunities in Budapest.
Fortune Spa ResortRetirement properties with a rental schemeGoogle BookmarkProject overviewA luxury spa resort aimed at the over 55's, situated near to the natural, thermal spa town of Fortuna in Murcia.Fortune Spa is a completely new concept in Europe. Part of the resort includes apartments which are able to utilize a rental scheme with guaranteed occupancy for life.Membership of the scheme can be transferred with ownership should you wish to sell your apartment at any time and you are also free to privately rent the property, or use it yourself for all or part of each year.Whilst resort use is restricted to the over 55's, with the exception of visiting guests, there are no age restrictions for investors.This pioneering project, offers our clients an opportunity to purchase units in the project with the security of a rental income provided by collaborations with the Spanish Health Ministry, as well as major insurance, health and retirement service providers such as AET, the Spanish Transplant Association and AIG, world leaders in insurance and financial services.Studio and one bedroom apartments are available now with an initial reservation fee followed by three stage payments over two years totaling 30%. The first 10% payment is expected in September 2008.The rental offer includes annual increments and is linked to the fees charged by the facility. Capital appreciation in this region is well above the national average and the future re-sale is secured by growing demand and short supply of this type of property.Video presentationsPlease double play button to enable you to what our video presentation of Fortune Spa Resort. We have uploaded this video on to You Tube and if you experience any difficulties in watching it please let us know.Computer simulation of the resortShow home videoShow apartmentAn office building has been constructed on the site which includes a full sized type â??Câ? apartment within it, complete with terrace. We have included a video above as well as a page with images taken of the inside of this apartment, which demonstrates the quality of the interior, as well as the standard and quality of the construction.To open this page Please Section 1 General informationThe developmentFortune Spa Resort is a completely new concept in Spain and Europe offering our investor clients an opportunity to initially purchase apartments in this luxury retirement resort and personalised health care facility where the focus is on living in tranquillity with facilities on offer within the resort to enjoy life in the sun.This development is to be built on 98,500 m² of land and will include a total of 384 one bedroom and studio apartments in the first and second phases and 204 one and two bedroom apartments in the third phase.AET (Asociación Española de Transplantados) the Spanish Transplant Association, will build and run its new head office within the resort grounds, as well as a clinic which will offer health assistance to the residents as well as patients using the accommodation. This project provides an excellent investment opportunity thanks to an agreement held with AET who have a collective of over 1 million beneficiaries throughout Europe, which will guarantee the occupancy of all vacant properties within the resort.The management company has also secured further collaboration agreements, including one with the Belgium based office of American International Group Inc (AIG), who are world leaders in insurance and financial services and are leading providers of retirement services. American clients have this kind of facility available already; however this is the first of its kind in Europe, although several more are expected in the future.Fortune Spa Resort offers luxury independent apartments which can be purchased and used as a full time residence for those seeking luxury retirement accommodation, with extensive activities and leisure facilities provided within the resort, as well as many others close by and also providing peace of mind that medical care is available if needed.Each apartment has a living room dining room, fully fitted kitchen, bedroom (not studio apartments) ample terrace and an assigned garage parking space.This is an ideal opportunity as a Spanish investment property for investor clients whose rental arrangements will be taken care of by the management company. The company will fulfil the rentals for their clients through a combination of the AET and AIG, as well as other collaborators with specific needs, providing an estimated 90% occupancy annually.Guaranteed occupancy agreementA copy of the letter of agreement between the AET and Fortune Spa Resort, this was signed by the president of the association Juan Pedro Baños on the 20th of July 2006.Click here to view - Asociacion Española de TransplantadosClick here to view an interview with Juan Pedro Baños the president of the AETLeisure facilities availableRoman style spa and beauty centre - one of the most complete facilities in the regionOutdoor swimming pools heated and unheatedCinema/TheatreSports centreRestaurants and cafeteriasShopping centre, themed shopping boulevard with various servicesVideo conferencingGames roomOutdoor games area for bowls, mini golf, Spanish bowlsMedical facilities availableMedical day care centreTransplant specialistPsychologist clinicPhysiotherapyPermanent monitoring facility, using a high tech bracelet that sends the vital signs to a 24 hour central monitoring stationHelipad, exclusive to the resort for emergency servicePrivate nursingOther home servicesHome cleaningLaundryDaily catering serviceLocal TV and internetVeterinary servicesSecurityThe whole complex is contained by walls and fencing with a main entrance centrally controlled by multi lingual staff. The development offers 24 hour security and video surveillance around the resort, with experienced security officers keeping watch both day and night.Site plans, floor plans, availability and specificationsFor all site and floor plans and current availability, as well as building specifications in English Please Site locationThis is a satellite image of the project site location using Google EarthView Larger MapSection 2 Financial informationTypesType A apartment one bedroom with double bedType B apartment studio with a single bed fromType C apartment one bedroom with twin beds (limited availability)Type D apartment - one bedroom corner unit with twin beds (limited availability)13 Penthouse apartmentsPoints to consider before selecting a unitRentals arranged through the management company are paid on a per person basis.The type A and B units are suitable for single occupancy only.Type C and D apartments are available for either single or double use and it is expected that half of the predicted annual 90% utilization will be double, or 45% per annum, although there is limited availability of C and D type units.Another factor to consider when choosing the correct unit to purchase is future desirability as a re-sale property, although the rental is transferable and will ensure desirability.Payment scheduleAt time of selection refundable reservation fee4,500.00 EurosAt time of license first stage deposit - expected September 200810% Of purchase price, minus the reservation feeSecond stage deposit 10 months later - expected July 200910%Third stage deposit 10 months later - expected May 201010%Total deposit paid in three stages30%Total deposit payable studio type B from30,114.93 Inc IVATotal deposit payable one bedroom apartment type A from37,825.99 Inc IVATotal deposit payable twin bedroom apartment type C from40,821.25 Inc IVAThe 70% balance of the purchase price is covered by a pre-arranged mortgage that will be provided by the developer's bankers near to completion, alternative funding will be sourced by IPS. Please read the mortgage notes at the bottom of this page.All payments must be inclusive of 7% sales tax except the reservation fee and are bank guaranteed.NB: IPS has negotiated a special rate for our clients and of course ourselves, as illustrated in the table above, the usual system for this project is six thousand reservation, followed by a 35% payment when the license is issued.AvailabilityFor an up to date availability list please askRental incomeType A apartments and type B studios are suitable for single occupancy only.Type C and D apartments are suitable for either single or double use. For these properties it is expected that half of the predicted annual 90% utilization will be double, or 45% per year.The collaborating companies stipulate specific dimensions and in addition government controls regulating room size and specifications are applicable to this project.Rentals are paid per person, payments are based on a percentage of the rental charged by the management company for use of the resort and their fees in turn are variable dependent on the level of care and services required by the tenant. Payments should cover the mortgage interest and produce a surplus that increases over the ownership period.Fees are linked to inflation however and currently would generate a rental income for the owner of between 800 and 500 Euros per person, dependent on the care and services required. These estimates have been supplied by the management company and they have stated that they expect an annual average occupancy of 90%.We have based our calculations on an average net return of 650 Euros per month, for 90% of the year.In addition a 20% increase in rental fees is expected by the developer during the build with around 6% increments per annum thereafter.Table - showing the expected rental income over a 10 year period with an interest only mortgage for a studio apartment type "B". Base price 93,816.00 total inc IVA 100,383 Euros. Deposit 30114 Euros total inc IVA.Balance paid by pre-arranged mortgage or alternative funding sourced by IPS. Please read the mortgage notes at the bottom of this page.Table - showing the expected rental income over a 10 year period with a 20 year repayment mortgage for a studio apartment type "B". Base price 93,816.00 total inc IVA 100,383 Euros. Deposit 30114 Euros total inc IVA.NB: At the start of the rental period in the 3rd year we would only need 7 months rental, or 60% minimum occupancy to cover the mortgage payments.Balance paid by pre-arranged mortgage or alternative funding sourced by IPS. Please read the mortgage notes at the bottom of this page.Investment termThis is a long term investment project and your money will be tied up for a minimum of four years realistically, although we should be able to find a replacement purchaser for you should your circumstances change.In our view however, although the property will be desirable immediately thereafter, we would not recommend selling on your investment at this juncture, as you probably will not be able to replace it.We currently plan to keep our own unit in the resort for a period of at least ten years, re-mortgaging when there is sufficient headroom in the rental payments to cover the extra mortgage repayment. This will release capital without having to worry about tax on the gain.Your re-sale market will come from either the growing amount of retirees seeking this type of property in Spain, a market, which although growing rapidly, has very limited availability at present and no properties available currently, offer facilities with anything like Fortune Spa, or by an investor looking for a property with a secure and lucrative rental arrangement attached. Again there are very few prospects of this nature available.Mortgage calculatorIf you would like to calculate mortgage payments you can open our online mortgage calculator by clicking here!Completion costsWhen completed you will have to pay Notary fees and land registry fees. In addition you will have to pay legal fees and we have negotiated a special rate with a leading Spanish Solicitor.Section 3 - Other informationBuild timeYou can expect a minimum of three years for construction, although this could increase. Currently the delivery date is expected in 2011. Please note that accommodation cannot be delivered without all major facilities completed as it is a condition of the rental clients that all of the services are available immediately, therefore the commercial construction will be carried out alongside residential.Our opinionAt IPS we have been looking for a development in Spain that is backed by a genuine rental scheme ever since we started working in this sector. Every project we examined that included a scheme failed when we examined the offer. Rental payments offered would usually be based on a percentage of the purchase price, with no planned increases and for a fixed period, usually funded by an inflated selling price.Well at last we have found one, an unusual project for IPS that on completion either covers a repayment loan, or alternatively can provide an income from delivery if the balance is secured by an interest only mortgage. The mortgage market in Spain is evolving and within this projects timeframe we will be able to offer interest only products with terms in excess of 20 years. The resorts internally managed rental package is backed by heavyweight clients.The resort appeals to the type of client that it was created for and I had only to talk to a few friends that easily fulfilled the conditions of use (over 55) to realize that there is a fast growing demand from retirees for this kind of facility, although there is nothing even remotely approaching the quality and level of facilities that Fortune Spa offers in the rest of Europe.Another point to consider is that within the European community there are countless thousands that require regular medical attention, dialysis for example. Their choice for a holiday is almost non existent and Fortune Spa covers this market.The project has been very well received by the local people of Fortuna and the feeling is very positive within the local government. The locals are very happy and proud to have such a project come to their area and many of them have actually purchased there. Additionally there are 7 other projects planned for Fortuna for the immediate future which can only have a positive effect on property prices in the area.The water agreement is in place from the local government to meet the demands of the water supply to the resort.As people are living longer and need housing with 24 hour nursing care available the authorities have a great demand for permanent places in this type of accommodation. There has been a new legislation passed in Spain for people who have dependency requirements. Article No: 14: Benefit /Welfare for attention to dependency for people who have difficulty in carrying out the basic daily activities they will receive assistance by way of services or economic welfare.Fortune Spa Resort will meet the necessary requirements and regulations needed by the Social Services to provide accommodation for the elderly needing assistance and to people in dependency situations due to different types of incapacity.So we do have a demographic to purchase them in the future as retirement properties, but please do not forget that the rental agreement that first attracted IPS to this project will be transferable with the property when you want to re-sell. Would you be interested in this as a re-sale property with rental included?We have been extremely impressed by the figures that this resort has produced and give the project our strongest endorsement by purchasing in the resort ourselves.We have selected a larger property, as we prefer the added probability of double occupancy, there is also the option of privately arranging rentals to improve returns further in the future and in our view a larger property will be far more desirable to tenants. You have to be able to come up with the higher deposit though.Another important factor to consider is future resale; one bedroom properties are more popular than studios. Any property with a rental scheme available to owners however will always be an easy sell.In conclusion in our opinion, if you have the additional capital required to purchase a type C or D unit then we would recommend this choice, if not, then you have to consider the time that you want to invest. Will the extra appeal as a resale property offer sufficient compensation for the additional cost of a type A one bedroom over the type B studio? The income will be the same for both, although the deposit and mortgage interest or payment will increase. As stated in the investment term paragraph, we plan to keep our unit for a minimum of ten years.Conditions of useAs most of our clients purchase solely for investment, full availability for rental will be handed over to the management company without retaining any dates for personal use. There are no conditions for purchasers, although there are controls that govern the use of the property.What is being created at the residence is a tranquil, peaceful environment with the added peace of mind that professional medical facilities on site provide.Should you be considering this resort for personal use then you should be aware that at least one of the occupants must be either over 55 years of age, require special needs, have an illness, or be convalescing.As the project was aimed from the outset at the retired, as well as incorporating facilities for patients both recovering from and waiting for transplants, a degree of control in place has to be expected. This does not imply that your grandchildren will not be welcome as visitors however.There is a further point worth mentioning regarding private use. Because of the volume of units required by these very large collaborators and the level of services provided, at all times the maximum number of properties available for rental are required.With this in mind an unoccupied property penalty will be charged to discourage this. This means that if a property is left vacant over a specified period of time a monthly fee will be levied. They want residents using the facilities, or units available for their rental clients; we find it encouraging that they expect this level of demand.The management company has indicated that the community fees are expected to be in the region of 100 Euros per month.NB:To be able to take advantage of the rental scheme offered the properties will need to be furnished to an exact standard and specification. A package will be made available from the developer that fulfils all of the criteria required by the rental clients.LocationFortune Spa Resort is situated in the spa town of Fortuna located northeast of Murcia.The town of Fortuna is known on a worldwide level as a Roman settlement and for the healing properties of the natural spring waters that have run beneath the town for centuries.The town is very well connected:San Javier Airport 28 kmAlicante Airport 64 kmCorvera Airport 22 kmTrain station 26 kmBeaches 30 minutesMar Menor bay 20 minutesTwo golf courses are available locally, Altorreal is within a 15 minute drive and a new project San Antonio will be within a 5 minute driveInvesting in the Region of MurciaNow is the time to invest in the region of Murcia and into one of Europe's most dynamic economies. With great infrastructure work underway for the future of the region of Murcia, in the expansion days of the Spanish economy.High speed rail linkNational Hydrological planNew and improved airportsNew motorwaysMajor development projects7th largest city in SpainPast 8 years has seen the largest increase in economic growth reaching a 6% growth rate, which is above national average9.7% increase in job creation National institute of StatisticsIntense Agriculture exports with 40% being exportedDiverse industry with 60% exports to foreign sales exceeding 21,000 million eurosServices sector increased by 4% per year above the national average1995 to 2002 the consumption of cement rose by an annual average of 18% - a key indication of the growth in the area with an annual growth of 7%, 2 points above national averageBooming tourism with 40,000 tourism placesEuropean Union considers Murcia an objective number 1 area for promotion and investments. Investment aid of up to 40% and 70% of official credits.Private industrial investment over the past 5 years has exceeded 1,200 million euros with investments announced in the short and medium term in excess of 6000 million euros.Three Universities in the Murcia region with 40,000 students enrolled over the past academic year.Superb climate spring all year roundGuarantees and indemnitiesAll bank guarantees will be in placeMortgagesThe 70% balance of the purchase price is covered by a pre arranged mortgage. This will be offered by the developer's bankers near to completion. The project is constructed with funding from a leading Spanish bank and they will be eager to retain the arrangement, reapportioning the loan between the purchasers.Alternative arrangements will be offered by IPS, it is a policy of ours to use the weight of our combined business as a lever to obtain a better deal for all our clients, remember we are investors too and benefit alongside our clients.Spanish mortgages are currently available up to a maximum of 30 years duration or 70 years of age if applicable.Interest only basis mortgagesCurrently mortgages are available on an interest only basis for 2 to 20 years. An interest only mortgage of 10 to 20 years duration must not exceed 60% of the banks valuation at that time, expected valuation at completion of an A type is approx 135,000 Euros, 60% of this is 81,000 Euros, which easily should cover the loan.All of the above information is of course subject to status and current market trends.Further informationIf you would like any further information, or have difficulty with any of our pdf files, please ask and we will answer by return Please FREE 20 Page Investing in Property GuideOur extensive over 20 page Off Plan and Investment Property Guide is totally free and will answer all your questions regarding buying property off plan in Spain to enable you to make informed choices and avoid the pitfalls. To receive your copy Please DisclaimerThe information in this website is provided by and whilst we endeavour to keep the information up-to-date and correct, we make no representations for warranties of any kind about the completeness, accuracy and reliability with respect to the website or the information within the website. Any reliance you place on such information is therefore strictly at your own risk. If you have any questions about this website or the services we provide please feel free to contact . . .
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