Properties from £20,000?
You're having a laugh!
Yes, that was one of the first responses Let's Live Abroad! received from a client who expressed an interest in buying a property abroad. (And no... It wasn't actor Ricky Tomlinson, famous for his role as Jim Royle in The Royle Family, who has bought a couple of apartments here!) Perhaps they had in mind a Portacabin at the bottom of someone’s garden. We don’t know. But this feature dispels the myths, spells the facts and draws back the curtain on a fabulous opportunity to own your very own place in the sun in Turkey at a snip. You can also take it from Joe Calzaghe, the celebrity boxer who already lives here!
Tucked away on the dreamy Turkish coast is a place, that simply translated, means ‘golden sands’. And they’re not telling you porkies. Apollon Village in Altinkum is famous for two, long, crescent-shaped beaches, either side of the town that has gently sloping sandy beaches that fringe the shallow, crystal clear, sun-warmed waters of the Aegean coast. Your first sight of Altinkum will take in over one kilometre of golden sands starting from the harbour and finishing at a rocky headland in the distance.
Living here offers a life lazing on the sun-beds or grabbing a couple of plastic glasses, a loaf of bread and a lump of cheese to take out on a pedalo for a quiet picnic bobbing up and down on the aquamarine water. Bliss! Maybe, one day, you and a few of your friends might become a little more adventurous and take the boat trip to the Greek island of Samos or a walk around the nearby Bafa lake set against the magnificent mountains. Come evening, Altinkum has a superb choice of restaurants and bars to suit every taste before you enjoy the entertainment centred in and around the Dolphin Square on the seafront.
Altinkum is a truly charming town. Close to Izmir, Kusadasi and Bodrum. Even if history was never your thing at school, you can’t help be moved by the sense of the ancient world around you: The towering Ionic columns, the temple of Apollo where a statue of the famous snake-haired Medusa still stands, the Pamukkale spas or the ruins of Ephesus, one of the seven wonders of the ancient world.
Apartments at Apollon Village we offer are from £20,000. The high specification means that even the smallest bedroom is big enough for two single beds or a double-bed with additional space for your bedroom furniture!
The size of the apartments is impressive. They include fitted kitchen units, (including cooker and extractor), decorative coving to all rooms with built-in down lighters to the lounge and kitchen area, air conditioning in all the main rooms, tiled floors, UPVC double glazing, satellite TV and telephone points. All bathrooms are fully tiled and have toilet, shower and sink. The main bathroom has Hilton-style vanity units complete with mirror, shelf and a cupboard, plus plumbing for a washing machine. Also fitted for you are a toilet roll holder, towel hook, soap-dish and glass with holder. Hot water is provided by an electric boiler fitted in the main bathroom.
There is a 1,000 square metre water park with a swimming pool, two restaurants, a heated indoor pool and a bowling green. The first and second phases of The Village boast a 100-seat bar and restaurant with satellite TV, two swimming pools totalling 360 square metres, a gymnasium, a Turkish bath, sauna, crazy golf, a barbers, supermarket, laundry service, car hire, utility payment service, security guard and CCTV, reception with complex manager, airport transfer and a courtesy bus service.
The payment terms are: 30% on signing the contract (less the reservation fee) and 70% upon completion. Discounts are available should you choose to pay the full price of the property right away or 50% upon signing the contract (less the reservation fee) and 50% upon completion.
The properties at Apollon Village can be managed if you want to take advantage of rental opportunities. This chargeable service includes furnishing, bill management, maintenance and cleaning, property checks at set periods or upon request, restoration and renovation and airport transfers for your guests.
Should you wish to have a look at the one, two, three-bedroom or penthouse floor plans, don't hesitate to call Let's Live Abroad! on 0141 25 88 935.
Please be aware that oral representations cannot be relied upon as correctly stating representations of the developer or vendor. For correct representation, make reference to the documents supplied by the developer to the buyer or lessee. The developer reserves the right to change and/or alter price, materials, equipment and design without prior notice. Price based on availability.
Cyprus government abolishes property transfer fees extended to end 2012
Please note two law changes voted on 25th May by the Cyprus Parliament which are relevant (and positive!)
1. The rule for no transfer fees if the property is subject to VAT, or half when the property is exempt (subject to provisions as before), is extended until the end of 2012
2. The rule for reduced 5% VAT on the first residence (subject to provisions as before) is extended to include all foreign buyers provided that they will use the property as their main and permanent place of residence in the Republic of Cyprus.
More good news for the prospective buyer in Cyprus..coupled with the Euro rate and chance to save several thousands in transfer fees now is definitely a good time to get serious about buying in Cyprus!
In a measure to designed stimulate growth in the Island`s property sector by reducing the cost of home ownership, Cypriot MPs unanimously agreed to abolish or reduce Property Transfer Fees at a meeting of the House of Representatives earlier today.
The House of Representatives voted unanimously to abolish or reduce property transfer fees for a period of six months, according to a report in Stockwatch.
- For those who do not pay VAT when they buy their house, property transfer fees are to be reduced by 50%.
- For those who pay VAT on their house purchase, no transfer fees will be payable.
The House also approved an amendment to the bill enabling those who submit applications under the provisions of the Town Planning Amnesty to enjoy the same benefit.
The draft law will be effective for six months, until the Island`s Government submits a full proposal to the House.
Property Transfer Fees are based on the Land Registry`s assessment of the market value of a property at its date of purchase. However, using its discretion to reassess the amount of Transfer Fees payable, the Land Registry relies on it s own historical data in a way that cancels out any transfer tax benefit of a "bargain-buy", which can result in double the expected amount being levied.
There have been many reports of the Land Registry bumping up the perceived value of properties in order to extract higher Transfer Fees to help boost state coffers. This practice, which has been labelled "State Sponsored Fleecing" in the media, has done nothing to enhance the reputation of the Island.
The bill applies to cases where a contract of sale has been lodged at the Land Registry but for whatever reason a Title Deed is not issued within six months. It comes into immediate effect and is not retrospective.
Maceió is the capital of Alagoas, and its beaches are said to be the best in the whole of Brazil, with many Brazilians returning year after year to enjoy its natural wonders. With a shore line unspoilt by high rise buildings, the views of the crystal clear and calm beaches are truly spectacular.
In order to grow tourism levels, a new international airport was built permitting the establishment of direct flights between Europe and Alagoas and the state governor has recently pledged to invest a further $200 million, which will go towards improvement of services and infrastructure.
In 2005 a brand new convention centre was developed, which led to an increased number of business travellers visiting the city for various international conferences. Revenues derived from the tourism increase, has led to positive growth in real incomes.
In terms of property, Maceió has recently started to catch the eye of the international buyer due to its spectacular beauty and competitiveness of prices in comparison with other hotspots in Brazil. Large multi-national developers are now developing in the region. With a high occupancy rate and increased interest, Maceió looks like a sound investment.
CEARÁ-FORTALEZA
Fortaleza is the capital of Ceará. It is the wealthiest city in the north east of Brazil and is currently experiencing a tourism and property boom. Some residents of Rio de Janeiro and São Paulo believe Fortaleza to be more exotic and exciting, hence Fortaleza is a popular holiday destination for the Brazilian people and the middle class aspire to buy holiday homes there.
The demand provides the investor with a ready made exit route if he wishes to realise the gains from his investment.
Economically, Fortaleza is developing at a rapid pace and on its own produces more than 43% of the total economic output of the state of Ceará based mainly on agricultural products, services and tourism.
Major property developers are now investing heavily in the best locations in Fortaleza and surrounding areas like, Cumbuco, Porto das Dunas and Canoa Quebrada.
Fortaleza's increased employment rate, increasing wages and ability to attract foreign investment continues to drive property price growth.
RIO GRANDE DO NORTE-NATAL
Natal, "the city of the sun", is the capital city of Rio Grande do Norte and is growing more and more popular amongst Brazilian and international tourists. According to the Institute for Applied Economics Research, Natal is the safest city in Brazil, and one of the Brazilian cities nearest to Europe, with a flying time of 7-8 hours.
A new airport (Sao Gonzalo del Amarante) currently being constructed is only a 30 minute drive from Natal and it is anticipated that 5 million passengers will pass through its doors in 2014.
In November 2007 the new bridge "Ponte Newton Navarro" was finished, improving infrastructure and making the north zone of Natal a lot closer to the main side of Natal.
The completion of the bridge has also stimulated further developments and demand for areas north of Natal, such as, Jacumã, Maracajaù, Touros and Sao Miguel do Gostoso.
Brazil is one of the largest countries in the world and full of tropical delights to offer. Brazil is getting ready to host the World Cup in 2014 and the Olympics in 2016. Both of these important events will be a first in South America. Such events bring great optimism and strength for a country which is now part of the BRIC economies and its fast emerging as a super power. Currently there has been a major shift of the population in entering middle class, it is estimated that over 53% of the population has that status and there is 19% rise per year of new millionaires, Brazilians never had it so good. This translates to a new power in purchasing which means the real estate market is a hot commodity and people’s dreams of owning a home is becoming a reality.
Life in Brazil is approximately one third cheaper than Europe. This means that a beer will cost you about 75 cents and you can have a nice meal at a beach side restaurant for around 7 Euros. All the while being caressed by a nice breeze and listening to bossa nova. Brazil’s weather especially in the northeast is considered nearly perfect by the tourists who come and visit and vow on coming back. A rise in 140% of tourism definitely proves that true. Northeast Brazil has over 52 weeks of sunshine and its a few degrees under the Equator and has an average temperature of 29 degrees Celsius.
Alagoas in Northeast Brazil offers a very special slice of paradise. This state situated in Northeast Brazil has one of the loveliest beaches on the Brazil coast. Alagoas has over 230 kilometres of beaches in the most unique green colour due to a natural coral barrier which also makes the water warm and crystal clear.
Maceio is the state capital of Alagoas in the Northeast Brazil. It is a quaint metropolis of one million people and enjoys direct flights from America and Europe as well as many daily flights from cities throughout the country.
The promenade in Maceio is over 5 kilometres long has the most glamorous beaches on one side and 5 star hotels and luxurious apartments. It also has two pavilions with local arts crafts and the world renowned embroideries which are sold in New York, Paris and London.
The whole area is alive and bustling where you will dine from the most exclusive restaurants to a picturesque beach cabana while enjoying a tropical cocktail and watching the beautiful sunset.
Purchasing Process in Brazil by Foreign
Legal Situation, Fees and Taxes.
The process for buying apartments in Brazil is quite straightforward particularly for buyers and investors using Seek International Propery. We have direct access to English-speaking lawyers who understand the local market and are used to dealing with overseas property buyers.
In our experience the legal team we work with are able to deal with the normal concerns that an overseas property buyer has when purchasing in a new country for the first time and will be able to provide ´peace of mind´.
It is definitely worthwhile investing in a decent and reputable lawyer and we can provide this to our clients for a very reasonable fee.
The Process for Buying an Apartment.
One of the major advantages in investing in Brazil unlike many other countries around the world is that the buyer will own the freehold to both the land and property in their own names. In the case of any properties each owner will own both his/her individual unit as well as a certain percentage of the common areas though from an administrative viewpoint this will be owned and managed by the condominium company.
Each buyer will require a tax registration number (CPF - Cadastro de Pessoa Fisica).We will be able to arrange this through our lawyers for each buyer or alternatively it can be applied for at the local Brazilian embassy in the country of residence.
It should be noted however that the CPF is only required when taking the full title of the property so in cases where a buyer is purchasing off-plan this will not be required until the buyer receives the keys and takes full ownership.
The process for buying a house or plot of land may vary from the above but we will be pleased to provide any assistance or advice in cases where a client wishes to purchase something different.
Transfer of Funds
All transfers of funds to Brazil will take place through the international transfer system and should be from one bank to another. The funds will pass through Banco do Brasil who have a responsibility to check where the funds have come from and where they are going to but generally this does not create any undue problems.
It normally takes 5-7 days for the transfer to take place depending on which Banks are involved. HSBC has a full network in Brazil and we would recommend that buyers use their services for a faster and more reliable transfer.
Fees and Taxes
On purchase you will need to allow for approximately 7% of the purchase price to cover legal fees and taxes.
These are generally as follows :
Legal fees can vary but we aim to provide our clients with the best possible rates through local discounts. Fees vary from 1-2%.
Purchase tax is currently 3-4% of purchase price depending on location.
Notary fees and registration are both 1% each.
On resale Capital Gains Tax is charged at 15% of net gain though this is exempt if the profit is reinvested in another property purchase in Brazil. Income tax on rentals will be for individual accounts according to local practice in country of residence.
2010 Census Report Georgia
Georgia Total Population = 9,687,653
County Population Growth Size sq. Miles
Fulton 920,581 12.8% 534.6
DeKalb 691,893 3.9% 270.9
Clayton 259,424 9.7% 144.3
Cobb 688,078 13.2% 344.5
2,559,976 9.9% 1294.3
http://georgiainfo.galileo.usg.edu/countypopulationrank.htm
As you can see these 4 counties combined encompass a large part of the Metropolitan
Atlanta area, all within 30 miles of Atlanta City.
According to the 2010 Census, Atlanta is ranked as one of the top 50 cities in the
United States and is the most populous area in Georgia. An increase in the population
over the last decade presents great validity to these statistical figures.
The metro Atlanta population has grown by 2.4 million in the last 20 years, and the
region is now home to more than half the state’s population.
Metro Atlanta is expected to add nearly 2 million people – greater than the population
of metro Austin, Texas, moving here – and 1 million jobs by 2030.
According to recent population growth research, Metro Atlanta will be among the
fastest-growing corridors in the U.S. The prediction is that by 2030, this region will
see upwards of 35% population growth, 38% job expansion, 40% growth in home
sales and a stunning 120% growth in office demand.
The most important factor to consider when looking at statistics is the metro
population, not the city population. This is relevant because there are people who
don't live in the city, but commute and support the city in various ways.
The region is consistently ranked as one of the best places to do business in the
country and more than 1,000 companies relocated their headquarters, started
operations or expanded into the Atlanta area between 2000 and 2008. The Atlanta
metropolitan area is home to more than 140,000 private firms and the headquarters of
a dozen Fortune 500 companies.
Hartsfield–Jackson Airport is located in Fulton and Clayton. It was ranked as the
world's busiest airport in 2010, both in terms of passengers and number of flights, by
accommodating 89 million passengers (243,000 passengers daily) and 950,119 flights.
Delta Airlines head quarters is located at Hartsfield-Jackson Airport and is
responsible for 59% of all domestic flights out of it.
What Others Say About Atlanta
• Forbes Magazine ranked Atlanta as the #1 rental market.
• CNNMoney.com says Atlanta is the 4th best city in America to invest in.
• Forbes Magazine ranks Atlanta the 4th most affordable
• U.S. market. 3rd in job growth.U.S. Economic Rankings
• 3rd in job growth
• Home to the world’s busiest airport: Jackson/Hartsfield International
• 2nd as America’s best cities to relocate
• 1st in U.S. as least costly large city for business
• 4th for most Fortune 500 companies’ headquarters (From the Metro Atlanta
Chamber of Commerce Chamber 101 report)
By Emmanuel Adeyanju
Professional Agents
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