We have received a fantastic response to the e-mail sent out last week regarding Mimosa Villas, Kapparis.
We have now received the independent valuation appraisal which values the project about 12% below current market value, although completion is in March 2009, not today.
The appraisal also states that the size of the properties is greater on a square metre basis than originally thought.
In outline, a 2 bedroom villa (all inclusive of swimming pool, white goods and air-conditioning split units) is CYP1444 per square metre with an almost 3 year off plan timeframe for further growth. There are also 3 bedroom villas.
A comparable development only a few hundred metres on the same road and arguably not in as good a location as Mimosa, is selling with a completion date of April 2007 at CYP 1829 to CYP1989.
We can supply you with the independent appraisal, comparable development pricing and also details about the villas, prices, mortgages and rentals 12 noon Monday 3 July 2006.
InvestinCyprus.com can deliver these type of projects to our clients as we have significant leverage in the Cyprus property market. The huge reduction in a developers cost base in terms of interest payments on loans, marketing, sales, exhibitions, staff, inspection visits etc when a development sells very quickly can be passed on to the investor.
If you haven’t yet registered to receive details of Mimosa Villas, Kapparis then please complete the form at:
http://www.investincyprus.com/contactus.html
adding Mimosa in the comments box.
