Vines Residences

KEY FEATURES

3 YEAR, 5% NET RENTAL GUARANTEE.

80% LTV MORTGAGE.

SIX WEEKS PERSONAL USE PER ANNUM.

MORTGAGES IN A VARIETY OF CURRENCIES STARTING AT 2.

95%.

FULL PROPERTY MANAGEMENT OFFERED.

5KM TO GOLF COURSE, 10 MIN DRIVE TO BEACH.

ONLY 35KM FROM INTERNATIONAL AIRPORT.

Surrounded by vineyards and boasting spectacular views over the local countryside and the Troodos mountains, this delightful development is located within a short walk of the quiet rural village of Polemi.

The development is set on a gentle sloping hill with the properties arranged in an amphitheatre style around a superb large residents pool, complimented by gardens and decked areas. This project is just a 10 minute drive to the local beaches and only 5km to the 18 hole golf course.

Polemi village is only 35km from Pafos International airport and has a range of amenities and shops including a bakery, local produce store stocking an excellent array of local fresh produce, including vegetables, fruit and meat, and a convenience store. There is also a coffee shop with terrace, a bank and a taverna. Residents however have other amenities and facilities in the nearby town of Pafos.

The coastal town of Pafos is merely 12km away, this was once the ancient capital of Cyprus and is today one of the island’s most popular tourist resorts. This town has a wealth of age old history and archaeological treasures and these have merited the towns naming as a world heritage site by UNESCO. The town itself has two main areas, Kato Pafos and Pano Pafos. Kato Pafos is well regarded for its medieval fort, old fishing harbour and sea-front promenade, and is highly popular with tourists and locals alike.

The area offers numerous sandy beaches, along with excellent restaurants and entertainment facilities. There are regular cultural events, ranging from operas to art exhibitions and concerts regularly take place here. Pano Pafos encircles the colourful Old Market and is brimming with modern shops and boutiques.

The developer for this project provides a complete service, they have a customer care department to guide you through the process and, in addition, they offer a fully managed rental service and look after the block management of their developments.

They have an excellent CV spanning 30 years and are happy to show investors examples of their completed projects.

They will also assist with sourcing of the right mortgage and have excellent relationships with leading banks that are able to offer a range of mortgages at 80% LTV, starting from 2.95%.

This project has a 3 year, 5% net rental guarantee and is offered with 6 weeks personal use per annum.

Favourable taxation is just one of the reasons Cyprus is an attractive place to invest, you are also investing in a development and country that is an established destination for holiday and retiree tourism. The rise in low cost airlines has also assisted Cyprus, making it a more affordable destination and increasing demand for accommodation.

In 2004 Cyprus joined the EU in and has since seen its economy flourish, in particular travel and tourism, an economic mainstay for the country, and there are predictions for growth over the next ten years.