St Chara Developers Limited Announces the Chara Cynthiana Villas Project in Paralimni-Protaras, Cyprus
The Chara Cynthiana project has sixteen luxurious 3-bedroom villas on plots ranging from 200 to 310 square meters. Covered area ranges from 118 to 136 square meters. A variety of villas on nicely sized plots. Each villa has a private swimming pool.
Nicosia, Cyprus, July 10, 2007 --(PR.com)-- Chara Cynthiana Villas project is a very stylish development in a quiet, residential area close to Paralimni village and only 1.5km from the sea, with access to the beautiful sandy beaches of Famagusta and all the amenities. A truly unique project, offering fabulous views of the surroundings and coastline. It is a great location for a holiday home or for permanent living. This project consists of sixteen luxurious 3-bedroom villas on plots ranging from 200 to 310 square meters and total covered area ranging from 118 to 136 square meters, thus giving a variety of villas on nicely sized plots.
Each villa has a private swimming pool (7X3.5m), A/C units, pressurized water system, kitchen cabinets and bedroom wardrobes made of beech, granite kitchen worktops, kitchen fittings (oven, hob & extractor) solar water heater, installed telephone lines and TV antenna in each room, D/G windows, garden lights and garden landscaping.
The Location:
The Chara Cynthiana Villas are located in a quiet, residential area close to Paralimni village. With its rapid development, the whole tourist area of Paralimni Municipality has now been called Protaras, which covers approximately 10 kilometres beginning in the north from the Kapparis area and ending in the south near Konnos. Protaras’ beaches are among the best on the island.
The Chara Cynthiana project has a low risk and high rewards:
The risk is low and the reward high, because:
1) Cyprus is member of the European Union.
2) Freehold ownership is guaranteed.
3) Very low crime level in Cyprus.
4) The legal system in Cyprus is based on the well known English law.
The rewards are high because:
- Cyprus has a stable economy and a stable economic growth
- Inflation is contained
- The Euro is expected to replace the Cyprus pound as of 1 January 2008
- Taxation in Cyprus is very low
- The real estate sector in Cyprus is showing buoyant performance and property prices continue to increase year on year. For more information about the economic development in Cyprus go to Chapter 12 of the “Economic Forecast Spring 2007” of the European Union.
http://ec.europa.eu/economy_finance/publications/european_economy/2007/ee207en.pdf
Availability and Prices:
The Chara Cynthiana project has 9 villas still available for sale, at prices ranging from CYP 180,000.00 to CYP 210,000.00. No VAT to be paid, because the building permission for these villas was issued prior to May 2004.
Exit strategy:
When an owner of a Chara Cynthiana Villa decides to capitalize on the investment St Chara Developers Ltd will introduce this owner to a property management company to rent or sell the villa for the owner.
Cash Flow:
Payment and payment method for the Chara Cynthiana villas are negotiable, but are usually as follows:
a) CYP 2,000.00 to secure the purchase of a villa.
b) 30% less reservation amount to be paid into solicitor’s account upon signing of contracts 4-6 weeks after reservation.
c) 70% within 2 months after signing of contract.
Other expenses:
In total approximately 6% to 8% of the purchase price of the property.
About the developer:
St. Chara Developers Ltd is a company operating in the Real-Estate Developing Industry in Cyprus. Its main business is to develop, design, build and offer for sale high (ISO 9001 certified) quality residential and commercial real-estate. The company was incorporated and registered in Cyprus on the 10th of October 1986 by the Managing Director Mr. Ioannis Stephanou, a well known and respected entrepreneur and economist. Since the date of incorporation the company has completed and transferred the title deed for more than 1300 properties.
Other projects from this developer:
Some other projects completed by St. Chara Developers Ltd with one or more units remaining to be sold are:
a) Chara Georgio (1/2 bedroom Apartments in Aglantzia, Nicosia);
b) Chara Budapesti (2/3 bedroom Apartments in Ayios Dometios, Nicosia);
c) Chara Florentia (2/3 bedroom Apartments in Kaimakli, Nicosia);
d) Sunny Coast Beach Garden (Villas in Ayia Napa);
e) Chara Isabella (a house in Protaras)
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Each villa has a private swimming pool (7X3.5m), A/C units, pressurized water system, kitchen cabinets and bedroom wardrobes made of beech, granite kitchen worktops, kitchen fittings (oven, hob & extractor) solar water heater, installed telephone lines and TV antenna in each room, D/G windows, garden lights and garden landscaping.
The Location:
The Chara Cynthiana Villas are located in a quiet, residential area close to Paralimni village. With its rapid development, the whole tourist area of Paralimni Municipality has now been called Protaras, which covers approximately 10 kilometres beginning in the north from the Kapparis area and ending in the south near Konnos. Protaras’ beaches are among the best on the island.
The Chara Cynthiana project has a low risk and high rewards:
The risk is low and the reward high, because:
1) Cyprus is member of the European Union.
2) Freehold ownership is guaranteed.
3) Very low crime level in Cyprus.
4) The legal system in Cyprus is based on the well known English law.
The rewards are high because:
- Cyprus has a stable economy and a stable economic growth
- Inflation is contained
- The Euro is expected to replace the Cyprus pound as of 1 January 2008
- Taxation in Cyprus is very low
- The real estate sector in Cyprus is showing buoyant performance and property prices continue to increase year on year. For more information about the economic development in Cyprus go to Chapter 12 of the “Economic Forecast Spring 2007” of the European Union.
http://ec.europa.eu/economy_finance/publications/european_economy/2007/ee207en.pdf
Availability and Prices:
The Chara Cynthiana project has 9 villas still available for sale, at prices ranging from CYP 180,000.00 to CYP 210,000.00. No VAT to be paid, because the building permission for these villas was issued prior to May 2004.
Exit strategy:
When an owner of a Chara Cynthiana Villa decides to capitalize on the investment St Chara Developers Ltd will introduce this owner to a property management company to rent or sell the villa for the owner.
Cash Flow:
Payment and payment method for the Chara Cynthiana villas are negotiable, but are usually as follows:
a) CYP 2,000.00 to secure the purchase of a villa.
b) 30% less reservation amount to be paid into solicitor’s account upon signing of contracts 4-6 weeks after reservation.
c) 70% within 2 months after signing of contract.
Other expenses:
In total approximately 6% to 8% of the purchase price of the property.
About the developer:
St. Chara Developers Ltd is a company operating in the Real-Estate Developing Industry in Cyprus. Its main business is to develop, design, build and offer for sale high (ISO 9001 certified) quality residential and commercial real-estate. The company was incorporated and registered in Cyprus on the 10th of October 1986 by the Managing Director Mr. Ioannis Stephanou, a well known and respected entrepreneur and economist. Since the date of incorporation the company has completed and transferred the title deed for more than 1300 properties.
Other projects from this developer:
Some other projects completed by St. Chara Developers Ltd with one or more units remaining to be sold are:
a) Chara Georgio (1/2 bedroom Apartments in Aglantzia, Nicosia);
b) Chara Budapesti (2/3 bedroom Apartments in Ayios Dometios, Nicosia);
c) Chara Florentia (2/3 bedroom Apartments in Kaimakli, Nicosia);
d) Sunny Coast Beach Garden (Villas in Ayia Napa);
e) Chara Isabella (a house in Protaras)
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Contact
St Chara Developers Ltd
Drs. Wilgo Boerleider
+35777777250
http://www.stchara.com
Drs. Wilgo Boerleider
+35777777250
http://www.stchara.com
Contact
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