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Property for sale information

 
Italy, Calabria, Brancaleone / New launch for frontline beach apartments  
Reference nr: LO442955
Description:

Launch of yet another addition to the highly popular Jewel of the Sea development. Jewel of the Sea Frontline Beach II is a quality lifestyle & investment development of 48 units with a mixture of 1-bed 1-bath and 2-bed 2-bath. 5-star Jewel of the Sea was the fastest selling European holiday property development in 2007 helping to place Calabria firmly at the top of the new emerging property market list.
Prices start from ONLY €99,900 for a frontline beach 1-bed/1-bath apartment!


Why Invest in Property in Calabria?
♦ Italy is a primary tourist destination.
♦ Strong rental potential from both the International tourist market and a strong internal market.
♦ It has wonderful year-round temperatures.
♦ 800 kilometres of wonderful beaches.
♦ Property prices in Calabria are dramatically lower than the rest of Italy.
♦ For investors the rental potential is extremely lucrative!
♦ Skiing in the winter in the nearby mountains.
♦ History - Calabria is full of spectacular castles, churches and museums.
♦ Low cost airlines have put Italy at the centre of their growth.
♦ The property market is rising steadily up to 20% in “undiscovered” areas such as Calabria.
♦ Still time to pick up a bargain property in Calabria.
♦ No wealth or capital gains tax to be paid in Italy.
♦ Double taxation agreement currently in place between Ireland and Italy.

Jewel of the Sea – Frontline is set in the charming Brancaleone, just 30 minutes drive along the Jasmine Coast from the main city in this province, Reggio de Calabria. The region is blessed by the best weather in Italy offering pristine sandy beaches that go on for miles and miles. Along this unspoilt coast washed by some of the clearest waters in Europe, there is scenery of intoxicating beauty, dramatic mountains, crystal seas insanely blue skies and citrus groves. Known to Italians for years as the real Italian Rivera, this sun-soaked corner of Southern Italy is emerging as the most exciting holiday home location in Europe.

Built to the highest European specifications, and with 100% bank guarantees, Jewel of the Sea – Front Line Beach - Phase II is a gated community with a full range of proposed on-site modern facilities. Everything you need for your comfort and convenience. That and the fact that you can literally step out of the development right onto the beach, what more could you want from an investment.


Key points
All money invested is 100% secured by an insurance bond
All the apartments have a full 10 year warranty against any structural defects
All white goods are included in the price
All units offer sea views
Low index of construction (a low rise sympathetic layout throughout the complex)
Every apartment has its own private entrance, and is fully self contained
Use of top class materials
A hassle free holiday home, with all external maintenance covered
All units have underground Car Parking


Activities and Leisure facilities
There are a wide range of leisure activities available locally, reflecting a relaxed pace of life and a climate that allows all year round leisure pursui

Bedrooms: Bathrooms: Price (€):
1 1 99,900
Features:
Beach
City
Private Swimming Pool
Submission Date:
05-20-2008
Advertiser Details:


Name:
Locations - Overseas Department

Company:
Locations

Phone:
+353 (0) 1 6771188
Fax:
+353 (0) 1 677 11 98
Mobile:

 
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Calculators

 
Property price: €99,900
 

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