Costa del Sol Property for sale with Apartments and Villas in Costa del Sol brings you the largest selection of apartments, villas, plots, commercial property and Costa del Solproperties for sale along with sea and beach front homes to buy. Purchase your dream home from a large selection of stunning marina properties, or you might want to buy that perfect plot of land to design and construct your own self build home in some of the most exclusive places in Costa del Sol.
Málaga is a city in the Autonomous Community of Andalucia, Spain. It is the second most populous city of Andalusia, the sixth largest in Spain and 43rd-most populous municipality in the European Union, with a population of 566,447 in 2008. It is the 8th largest European city above the Mediterranean Sea and experiences the warmest winters of any European city with a population over 250,000, with a Mediterranean-Subtropical climate.
In one of the most popular ski centers in Greece, in the area of kalavryta has built a cluster of detached doublexes surrounded by trees. Each one has a fireplace, lounge, 2 bedrooms, 2 bathrooms, an attic, storage and heating.
Golden Coast Beach Villas are situated in a prime seafront location in the world famous Golden Coast area, South East of the island, called Dryos.20 km from the capital Parikia, Dryos is a region with small ports and sandy beaches. The area is secluded to ensure privacy with the project consisting of 12 two & three bedroom maisonettes and 8 two & three bedroom villas. They have been designed in typical Greek island style architecture, synonymous to light, bright open spaces with picture windows, roof terraces and all-round comfort for enjoyable indoor and outdoor living. The highest standard of construction, coupled with the use of traditional materials, such as karisto stones, solid wood and ceramic tiles, melt together to create these special homes. The after sales management services offered by Apartmentsandvillasworldwide.com will ensure that the value of your precious home will be preserved.
Bank of Cyprus will give a loan of €130 million for the construction of the new Limassol marina.
The agreement was signed by Mr. Vasos Siarlis, Higher General Manager of Bank of Cyprus and Mr. Marios Lanitis, Chairman of the Company’s Board of directors.
Mr. Siarlis added that this agreement is a proof that Bank of Cyprus is consistent to its commitments for the support of the island’s economy via the funding of big development projects.
Limassol marina will cost €360 million. “It will be able to host 1,000 vessels of different sizes and will include 274 houses and flats as well as restaurants, cafes, bars, shops, gym, SPA and a cultural centre”, the Bank of Cyprus announcement said.
The marina will be constructed with the PPP method (Public Private Partnership) and a long-term lease. The companies that participate in Limassol Marina Ltd are Cybarco Plc, Francoude & Stephanou Ltd, J&P Avax, Joannou and Paraskevaides Ltd, Athena SA, CADS Holdings Ltd and Limassol Marina Development Co Ltd.
The construction of the new Limassol marina, a project expected to enhance and enrich the tourist product in Cyprus, has started officially and is expected be ready in the autumn of 2012.
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Turkey Property for sale with Apartments and Villas in Turkey brings you the largest selection of apartments, villas, plots, commercial property and Turkish properties for salealong with sea and beach front homes to buy. Purchase your dream home from a large selection of stunning marina properties, or you might want to buy that perfect plot of land to design and construct your own self build home in some of the most exclusive places in Turkey.
The territory of Turkey is more than 1,600 kms long and 800 kms wide, with a roughly rectangular shape. The country is encircled by seas on three sides: the Aegean Sea to the west, the Black Sea to the north and the Mediterranean Sea to the south. Turkey also contains the Sea of Marmara in the northwest.
Eighty people gathered for the launch of the RICS Cyprus Property Price Index in Nicosia earlier today. The Index will be published quarterly and aims to contribute to the transparency of the property market in Cyprus.
Attendees at the launch were addressed by the President of RICS Cyprus, Petros Stylianou MRICS, the vice-President of SEEOKK Anna Iacovou FCIArb MRICS, and by the ex-Minister of Finance, Dr Michalis Sarris.
Mr Stylianou highlighted the significance of the Index in bringing an identifiable measure of property prices and returns, whilst Mrs Iacovou noted the need for a similar Index on construction costs which identified market trends and the changing economic landscape.
Dr Sarris elaborated further on the importance of clarity in times of economic turbulence in order to instil confidence in investors and the public as a whole.
The Index has been designed to provide reliable indications of trends and broad changes in real estate pricing of apartments, houses, offices, high street retail premises, warehouses and offices and it tracks property prices and rents across 46 locations.
The methodology on which the RICS Cyprus Property Price Index is based was designed by Professor Dr Pat McAllister MRICS and Dr Franz Fuerst from the Reading University Department of Real Estate & Planning at Henley.
Professor McAllister spoke of the important role of the Index in identifying what is happening in the Island’s property market and its usefulness to buyers, sellers, mortgage lenders, real estate companies and associated businesses. He then went on to present the first issue of the RICS Cyprus Property Price Index :
Average Unit Price (Euro)
Nicosia
Limassol
Larnaca
Paphos
Famagusta - Paralimni
Apartments
171,155
177,978
187,590
154,917
153,790
Houses
523,438
496,250
438,750
460,417
412,500
Retail
1,079,167
912,500
550,000
775,000
350,000
Warehouse
2,280,000
2,700,000
1,933,333
1,405,000
1,200,000
Office
758,000
600,000
480,000
523,333
337,500
Source: RICS Cyprus
Average Monthly Rent (Euro)
Nicosia
Limassol
Larnaca
Paphos
Famagusta - Paralimni
Apartments
560
560
502
467
350
Houses
729
1,226
800
677
500
Retail
7,000
4,239
3,433
2,383
1,525
Warehouse
5,500
9,500
8,750
6,500
7,500
Office
2,700
3,050
1,655
1,800
1,300
Source: RICS Cyprus
Initial Yields (Annual Rent/Price)
Nicosia
Limassol
Larnaca
Paphos
Famagusta - Paralimni
Apartments
3.9%
3.8%
3.2%
3.6%
2.7%
Houses
1.7%
3.0%
2.2%
1.8%
1.5%
Retail
7.8%
5.6%
7.5%
3.7%
5.2%
Warehouse
2.9%
4.2%
5.4%
5.6%
7.5%
Office
4.3%
6.1%
4.1%
4.1%
4.6%
Derived from: RICS Cyprus Property Price Index
Outline of the properties used in calculating the index:
Apartments – Two bedroom, 85m2, Medium quality. Houses – Three bedroom with garden, Semi-detached, 250m2, Medium quality. Retail – High-street retail, 100m2 ground floor area with 50m2 mezzanine. Warehouse – Light industrial area, 2,000m2, 200m2 office space. Office – Grade A, City centre location, 200m2
Commenting on the Index Professor McAllister said that “compared to other EU markets, initial yields appear low” and “the values will provide you of the best estimate of what you will be able to sell your property for”.
On the general subject of property price indexes, Professor McAllister said that indexes produced by banks tended to undervalue property because they used them for evaluating mortgage applications. Dr Sarris said that “banks (in Cyprus) have chosen not to chase developers for loans, but lend them more”.
Chairman of the Cyprus Land and Building Developers Association, Lakis Tofarides, said that property prices were high because the price of land has rocketed over the last ten years and that today, the cost of land represented some 40% – 50% of a property’s overall cost. He added that distortions in the market were due to the tax system in Cyprus and that property-related taxes were very high compared to other countries. He also expressed his concern over the government’s intention to reassess the property tax system as it might lead to even higher level of taxation.
Turkey Property for sale
