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Property for sale information

 
Kaltrina Residence  
Reference nr: PG636114
Description:

Kaltrina Residence is our latest development of just 49 apartments in Saranda, Albania. Set in a panoramic situation, with beautiful views to the Ionian Sea, these apartments represent an excellent investment opportunity in this fast developing country.

Kaltrina Residence is located in a prestigious but quiet area of Saranda, close to the 5 star Butrinti Hotel and just 3 minutes from the beautiful beaches of the Ionian Sea.

Built to European standards, the one and two bedroom apartments are priced from 39,744 Euros up to 86,505 Euros depending on number of bedrooms, floor level and the view. Please note, unlike some other agencies, we do not charge a buyers commission on top of the Developers prices.

Apartments are sold finished but unfurnished; furniture packs are available at an additional cost of 4,495 Euros for a one bedroom apartment and 5,995 Euros for a two bedroom apartment.

Located on the shores of Ionian Sea, in front of the Greek island of Corfu, Saranda is the one of main tourist destinations in Albania. The resort is characterized by a Mediterranean climate and warm sea waters averaging 290 sunny days a year. In the summer, temperatures rarely exceed 30 degrees during the day whilst there is a refreshing sea breeze keeping the evenings cool.

Saranda is an old town, first settled by the Illyrian tribe of Chaonians who named it Onchesmus. Cicero mentions it as convenient harbour with favourable winds, however it is the bay on which it is built that gives Saranda its charming look.

Near Saranda you will find the “Blue Eye” natural spring and the ruins of the ancient city of Butrint, a World Heritage Site and one of the most important archaeological finds in Albania. Also, close to Saranda is the ancient city of Finiq, which according to Edwin Jacques is found to have had one of the biggest acropolis in the ancient world, roughly 7 times larger than that of Athens.

Whilst visiting Saranda and surrounding areas you might wish to visit the archaeological site of Butrint, Ethnographic Museum, ruins of the ancient town of Onhezmi in Saranda, the ancient temple and other ruins of Foinike in Finiq village, the small Castle of Ali Pasha in Vrine village, the Church of Saint Kolli in Mesopotam village as well as the beautiful Ksamili Islands.

Albania signed the SAA (Stabilization and Association Agreement) in June 2006. The SAA represents an important economic and political opportunity and marks the beginning of a new phase in the EU’s relations with Albania paving the way of EU membership in 2014.

Some Important Points To Consider When Choosing Which Agent to Use When Buying in Albania….

Unlike other agents selling property in Albania, we always undertake due diligence checks on the property and ensure that ALL the necessary documentation is in place PRIOR to marketing.

Unlikeother agents selling property in Albania, we do not charge a buyers commission on any of our off-plan or completed developments.

Unlike other agents selling property in Albania, we try to personally view all developments prior to marketing during our regular visits to the country.

Bedrooms: Bathrooms: Price (€):
1 1 39,744
2 1 64,032
Features:
Beach
Submission Date:
01-29-2008
Last Update:
08-12-2008
Advertiser Details:


Name:
Phil Grimes

Company:
Select Property Overseas

Phone:
0044 845 430 1404
Fax:

Mobile:
0044 7970 189967

 
Property Photo Gallery

 

Kaltrina Views

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view 2
 
Calculators

 
Property price: €39,744
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations