Want to sell your overseas property? Want to advertise your holiday home to rent to 40 million possible renters. Contact us on info@myoverseasproperty.ie
This is Exclusive to Utopia Property Investments and there has only been 15 units released to the international market.
With the Czech economy running red-hot, in fact, at a stunning 6.1% last year (2006 GDP), there is good reason to consider this beautiful capital as a strong investment choice.
Czech Republic's results far outstripped the average EU GDP growth of 2.9% and those of Hungary (3.9%) and Poland (5.8%).
We would like to take this opportunity to announce the launch of our new residential project- Modtul Residence, situated in Prague, Czech Republic.
Modtul Residence will be a gated complex comprising of 3 four-level townhouses offering a total of 120 units.
Located next to the third largest park in Prague (a 125 hectare nature reserve), this project is expected to appeal to both the local rental and re-sale market.
Other nearby facilities include the Tocna Aero Club, Zbraslav Castle, Velka Chuchle Racecourse and the Hodkovicky & Zbraslav Golf Courses.
The project is located in the developing residential district of Prague 12, with excellent access to the city center via public transport (20 mins. by tram). At an average capital increase of 12% in 2006, Prague 12 is one of the fastest growing districts in the city.
Anticipated rental yields for Modtul Residence are 6.0% - 7.0%.
The developer of Modtul Residence, is one of the largest developers in Eastern Europe and past.
Apartments start from 99k EUR. Investors have the possibility to obtain 100% loan-to-value (LTV) and combining this with bridging loans for the exchange deposit, qualified investors have possibility to purchase a unit with ‘no cash-down’- making this a unique buy-to-let investment.
Further information about bridging loans can be provided Utopia Property Investments.
Alternatively, with low deposits of only 15% = 15k EUR to cover the first 15% installment, with the rest being covered by the mortgage release on the completion of the project in Q3 2009.
The international sales are due to launch April 23th, 2007 and prior to the launch of sales we offer investors the possibility to review all project information and determine as to whether they will be proceeding with selecting a unit(s) for purchase.
Units for international sales (buy-to-let units) will be limited to prevent saturation of rental units on the completion of the project. The initial release of units for international sales is limited to 15 units only.
Further details are provided in the general project brochure which you will find by calling us @ 091 739456/7
