Easy payments are another advantage (if required) and there is often a mortgage facility already in place should you wish to take advantage of it upon completion.

Below is an example of a real “off plan” property that we have in our portfolio. The development will consist of bungalows and villas surrounding an 18 hole Golf Course offered “off plan”, that produces a very valid investment. Properties can also be sold before completion, producing a high return on low investment, completion is due May 2006

Purchase Example

2 Bedroom Bungalow 140.788 euros (£97,100)

Reservation 1.500 euros

15 days contract: 10% 14.078 euros (£9708)

One payment every two months until May 2006

(by bills of exchange) up to 30% 42.236 euros (£29,128)

Mortgage 70%

The great advantage of this payment scheme, apart from its flexibility, is that the property can be sold on before completion with the minimum of investment. Prices typically rise during a construction between 20% & 40%, giving a high return on low investment.

Mortgage

70% Balance 98.552 euros @ 3% interest over 20 years

Monthly Mortgage Repayment 546.40 euros (£376.82)

Rentals are estimated at £400 week times average 40 weeks per year = £16,000

This is a 16% return on investment & Capital Growth at 20% £19,418 = Total Per Year £35,418