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Property for sale information

 
The Blue Horizon  
Reference nr: SP287398
Description:

Lisney Overseas Residential is delighted to announce the launch of a new development in Montenegro - “The Blue Horizon”.
“The Blue Horizon” consists of 86 apartments both one and two beds available. They all have a sea view overlooking Przno village and the open sea beyond. Within 20 minutes walk from Sveti Stefan, it is the most fashionable and upmarket area along the Budva Riviera. The area is considered to be upmarket and prices are rising rapidly in this fast moving property market
The Blue Horizon is located between the old town of Budva and Sveti Stefan. It is approximately 5 km from Budva and 1km from Sveti Stefan. Sveti Stefan is a unique destination.

Montenegro-“the fairy tale country with the fairy tale name". A mysterious place that slipped beyond memory is now flickering back to vibrant life”.
Montenegro won independence in June of this year, and is now being heralded as one of the hottest overseas markets. Now undoubtedly is the time to buy in newly independent Montenegro-but the best property value won't last forever.
Montenegro was in the past a chic and exclusive Mediterranean resort. The Sveti Stefan was synonymous with glamour and often frequented by many celebrities.
Lisney Overseas Residential are launching this magnificent development at the beginning of October. There is a 5% reduction on the purchase price for those that purchase the week of the launch.

Prices start at €157,342 for a one bed apartment.
The development will have landscaped gardens, palm trees, tiered swimming pools and a waterfall.
There is a walkway direct to the beach and Przno fishing village with a wide selection of beautiful seafood restaurants.
Walkway direct to the beach under the road.
Mix of materials will be used-local stone-glass windows floor to ceiling apartments.
The development is five minutes walk from the 5 star Maestral Hotel.
Walkway through beautiful gardens from Przno village along the coast to Sveti Stefan.
Quality finishes for kitchens and bathrooms.

Stage Payments:
€3,000 reservation fee (fully refundable)
10% on signing contract
30% six weeks after signing contract
30% fourteen weeks after signing contract
30% completion-April 2008

Bedrooms: Bathrooms: Price (€):
1 1 157,342
2 2 229,900
Features:
Beach
Submission Date:
02-09-2007
Last Update:
11-21-2007
Advertiser Details:


Name:
Niamh Walsh

Company:
Lisney

Phone:
+ 353 1 6198900
Fax:
353.1.6198923
Mobile:

 
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Calculators

 
Property price: €157,342
 

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