Palmas Altas
Palmas Altas, Orange County, Orlando
Palmas Altas is one of the master pieces in the developers portfolio of developments. Consisting of well designed two bedroom luxury properties all situated within beautifully landscaped and manicured gardens with a lake and outdoor pool which residents are able to use.
Palmas Altas epitomises everything that is quality about Orlando with luxury fittings, valet service, Cabana clubhouse and a real feel of exclusivity. All this from just USD 54,778.
Located only minutes from Disney, this really is the ideal opportunity to buy a holiday home or investment property in a location that for so long was unaffordable. Or why not take advantage of our instant income programme. Enjoy life and investing right in the heart of Orlando, FL.
Community Facilities
- Lush Tropical Landscaping
- Cable Service Included
- Resort-Style Swimming Pool
- with Tanning Deck
- Cabana Clubhouse
- Playground
- Recreational Park
- BBQ and Picnic Area
- Valet Service
Internal Facilities
- Ceramic Tile Kitchens and Foyers
- Gourmet Kitchen with Open Serving Bar
- Stainless Steel Appliances
- Full Size Washers and Dryers
- Private Terraces and Balconies
- Walk-in Closets in each Bedroom
- Formal Dining Rooms
Two Bedroom Two Bathroom Apartment (Standard)
- Market Price $199,900
- Our Price $54,778
- Yield 8% to 12%
Two Bedroom Two Bathroom Apartment (with Garden)
- Market Price $202,900
- Our Price $57,218
- Yield 7.5% to 11.4%
Orlando - Venetian Place
Venetian Place, Orange County, Orlando
Invest from £33,500
Venetian Place is the master piece in the Grec Conversions portfolio of developments. Consisting of one, two and three bedroom luxury properties all situated around a beautifully landscaped lake which residents are able to use.
Venetian Place epitomizes everything that is quality about Orlando with luxury fittings, private parking, world class health club and a real feel of exclusivity. All this from just USD55,000 / £33,500.
Located only 25 minutes from Disney, this really is the ideal opportunity to buy a holiday home or high end residential investment in a location that for so long was unaffordable. Enjoy life and investing right in the heart of Orlando, FL.
Community Facilities
- Resort-Style Swimming
- Waterfront Views
- Pools and Spa
- Beach Volleyball Court
- Lighted Tennis Courts
- World-Class Health Club
- Indoor Racquetball Courts
- Media Area with Big Screen TV
Internal Facilities
- Beautiful Solariums
- Vaulted Ceilings*
- Ceramic Tile Kitchens and Foyers
- Designer Kitchens and Baths
- Full-Size Washer/Dryer Connections
- Ceiling Fans
- Textured Walls
Small window of opportunity, only 20 pre-let units available!
See the discounts for yourself:
1 Bed/1 Bath - was $153,900 – Our Price £33,500 & 10% Rental Yield
2 Bed/1 Bath - was $187,900 - Our Price £34,500 & 9% Rental Yield
Florida - Luxury Villas at Millstone Landing - SOLD OUT
Luxury Villas at MILLSTONE LANDING
Indian River County
Millstone Landing represents Shelby Homes' latest masterpiece of
design - 613 single-family homes and a decked-out clubhouse nestled among lakes and a nature preserve in the NEW Vero Beach.
Well thought out in its approach, Millstone Landing offers thirteen
innovative home designs, each home design with three dazzling
exteriors worthy of the affluent, yet at an affordable price. The designs are divided into the Woodlands Collection and the Tiffany Collection, each showcased within separate intimate enclaves throughout the site. Both collections are equipped with the finest of finishes that bring elegance to a home while allowing ease of care for those "on the go."
Community Features
• Maintained lawns
• Gated Entry with remote control access for residents Waterways
• Centrally monitored alarm system Schools
• Shopping and dining in the immediate area
• Fishing, golfing and world-class entertainment just minutes away
• Resort-Style Recreational Facilities
• Community Clubhouse
• Fitness Center with the latest style equipment to maintain health and wellness
• Card room
• Library/Tech center
• Tropical-style pool with sundeck and shaded areas
• Two tennis courts
• Basketball Court
• Luxury Appointments Within Your New Home
• Monitored alarm system with contacts at all operable windows and doors
• 18"x 18"ceramic tile floors in the foyer, kitchen, breakfast area and laundry room in many designer selections
• Durable nylon carpeting
• Textured ceilings throughout
• Arches (per plan)
• High efficiency central air conditioning
• Energy efficient R-30 blown ceiling insulation
• Textured walls throughout (except baths)
• Coffered ceiling in the Master Bedroom
• 50-Gallon (one-story homes) and 65-gallon (two-story homes)
• hot water heaters with quick refill cycle
• Recessed lights placed efficiently throughout (per plan)
• Smoke detectors
• Electric door chime
• 8'sliding glass doors
• 8'Colonist interior style doors
• Colonist style door trim and 5 1/4 marble window sills through out home, gray/white
• Spacious linen closets
• Ventilated closet shelving
• Air conditioned walk-in closets, baths, and laundry rooms
• Rocker style electrical switches
• Pre-wired for ceiling fans in family room and all bedrooms
• State-of-the-Art Structured Wiring Package:
• RG6 cable pre-wired in family room and all bedrooms
• CAT5 phone line pre-wired in kitchen and all bedrooms
• Your Laundry Area:
• Extra large capacity washer
• 5.4 Large capacity dryer
Exterior Features
• Architecturally designed exteriors with a choice of three elevations per plan
• Variety of coordinated exterior color palettes from which to choose
• Concrete paved driveway, walkway, front entry and patio
• Steel Panel shutters on all exterior windows and applicable doors to meet current building code requirements
• Concrete block with reinforced columns
• Steel reinforced foundations
• Covered entries with 8' raised paneled entry doors
• Covered rear patio
• Front covered porch (per plan)
• Automatic sprinkler system with timer
• Thoughtfully designed landscaping package
• Two-and-Three car garages, garage door opener(s), each with two remotes (per plan)
• White aluminum window frames and screening
• Factory tinted window glass
• Decorative coach lights on garage
• Vented stucco soffits
• Weatherproof GFI electrical outlets placed around exterior (per plan)
• Street lights throughout community
• Termite treated foundation
• Connections for water around the exterior (per plan)
• Ten year Structural Warranty Program
Magnificent Kitchens
• Spacious separate breakfast areas
• Pantry (per plan)
• European style raised panel foil door cabinetry with 42"upper cabinets
• in a variety of styles
• Luxurious natural granite countertops with fully tiled backsplash
• 1/3-2/3 white undermount Lakefield sink with MoenOne Touch faucet
• Full Kitchen Appliance Package in choice of black, white or biscuit
• 22 cu. ft. side-by-side refrigerator with ice and water dispenser in the door
• 5-cycle dishwasher with potscrubber cycle
• 30"range with ceramic cooktop
• Microwave above cooking range
• Garbage disposal
Inside Your Bathrooms
• Cultured marble soaker tub in master bath
• 36"vanities in master bath with raised panel foil cabinetry and cultured marble tops
• Elongated commodes
• Ceramic tile in master baths in bone or white
• Clear glass enclosed shower in master
• Decorative glass block detailing (per plan)
• Ceramic tile in secondary baths
• Moen faucets with 8" spread in master bath
• Bathroom mirrors and medicine cabinet
• Cultured marble countertops with integrated sinks in secondary bath
LOCATION
International Airports
• Palm Beach - 60 Miles
• Orlando - 80 Miles
• Fort Lauderdale - 100 Miles
Municipal Airports
• Vero Beach - 8 Miles
• Melbourne - 32 Miles
Destinations
• Beach - 8 Miles
• Orlando Disney - 70 Miles
• Palm Beach - 80 Miles
• Fort Laurderdale - 100 Miles
• Miami Beach - 120 Miles
ABOUT
Vero Beach is the county seat for Indian River County which encompasses 617 square miles & includes 5 incorporated towns; Vero Beach, Sebastian, Fellsmere, Orchid, and Indian River Shores. Strict building codes, a watchdog government, and an exceptionally high rate of charitable contributions & individual volunteerism contributes to the peaceful and idyllic lifestyle found in Vero Beach, Sebastian and Indian River County.
Homey, yet casually elegant, Vero Beach and Indian River County attracts visitors and residents because of the cultural wealth and inherent natural beauty of the area. Vero Beach was rated the “Best Small Town in Florida & 12th in the Nation” and was named one of “The 100 Best Art Towns in America.” Known as the “Gateway to the Tropics," Vero Beach is located in a climatic transition zone that offers an unusual mix of vegetation found in the coastal Carolinas – ancient oak trees and pine forests – blended with swaying palms and colorful blooms typical of the tropics. The area is also recognized as the 'Citrus Capital of the World,' producing the finest Indian River citrus for the domestic market and worldwide export.
The Indian River Lagoon, passing through Vero Beach, forms a significant portion of the Intracoastal Waterway, and is a hub for boating & fishing, water skiing, and other small-craft waterborne activities. Sheltered from the open ocean, the Indian River area of Vero has a number of public and private marinas and boat launch facilities. Vero Beach and Indian River County have some of the best places in the country for surfing and the most unique places for diving and snorkeling as well as Nature Preserves to explore. Vero Beach holds some of Florida's most exclusive private golf clubs. They include Red Stick, John's Island, Indian River Club, Bent Pine Golf Club, Hawk's Nest, Vero Beach Country Club, Quail Valley and others as well as challenging public courses such as Sandridge Golf Club. The Vero Beach/Indian River County area offers outstanding health care with two major hospitals with 24-hour emergency service; seven walk-in emergency clinics that operate generally six days a week and over 20 pharmacies.
The 18 acres of land, listed on the National Register of Historic Places, are filled with ponds, streams, lucious green foliage and a wide array of scene includes Disney’s Vero Beach Resort and two new four star hotels; The Vero Beach Hotel and Spa, a Kimpton hotel, and Costa d’Este beach resort, owned by Emilio and Gloria Estafan, who are also part time Vero residents. The Costa d’Este specializes in cuban cuisine prepared at the open kitchen of its restaurant, Oriente, so diners can watch their meals take shape. The Disney Resort puts family fun first with sing-alongs, miniature golf, and Micky Mouse shaped swimming pools. The Vero Beach Hotel and Spa features an oceanside swimming pool with a cabana that serves your favorite beverage and lite fare.
LIVING
What’s so special about Vero Beach? It’s where the tropics begin in Florida. There are 26 miles of pristine uncrowded beaches to enjoy the ocean. Money magazine voted Vero Beach as one of the top 10 places to live in the United States. It is low density living because no structures taller than 35 feet are permitted. Offshore the Gulf Stream ensures the daytime temperatures in Vero Beach seldom drop below 70 degrees.
Living is easy in communities designed to fit every lifestyle from comfortably affordable to luxury estates. Vero Beach boasts an active arts community. The Vero Beach Museum of Art is a world class acredited teaching facility that features art exhibits, a sculpture garden, studio art and humanities classes, exhibition tours, performances, film studies, art research library, workshops, seminars and youth events. Riverside Theater of Vero Beach is a performing arts theater that presents professional troupes and companies, family theater, acting classes plays and musicals and has a very active children’s theater. The arts and cultural activities in Vero Beach are strongly supported by the citizens which Wikipedia states is comprised of more retired Fortune 500 CEO’s than any other location in the world and has the fourth highest concentration of wealthy households in the country. The Vero Beach Bridge Center is rated the 7th largest face-to-face bridge club in North America by the ACBL. Many people move to Vero Beach to enjoy the facilities of the bridge center which has games 363 afternoons a year, plus Wednesday and Friday mornings and Thursday evenings. If Polo is your game, There are two centers, The Vero Beach Polo Center at Point West and Windsor, where matches are played from January through mid April. Often times well known people, like Tommy Lee Jones, play in these matches.If you just want to be pampered, Vero Beach has two four star luxury hotels, the Vero Beach Hotel and Spa and Costa d’Este, both located directly on the ocean. The Vero Beach Hotel and Spa is a Kimpton Hotel while the Costa d’Este was opened by Emilio and Gloria Estafan.Golf is very popular in Vero Beach. There are seven private clubs and a municipal course operated by Indian River County that provide a wide range of challenges. Vero Beach also has many fine dining restaurants that feature many cuisines.So if you enjoy casual elegance, uncrowded beaches, a tropical climate, an incomparable quality of life and many outdoor activities, Vero Beach, Florida is the place for you. There are 10 Schools in the immediate vacinity, seven public and three private schools.
The Ivy - Miami - SOLD OUT
This is an outstanding opportunity to invest in a luxury property in the heart of Miami's financial district for $200 per square foot. Fanny Mae approved 70% finance for foreign nationals. Pre Let with a 10% yield from day one guaranteed until 2011.
An extremely rare opportunity to purchase direct from the bank from only $211,000 a discount of 66% on the 2006 sales price of $644,400. The development is 90% occupied.
2 Bed 2 Bath Deal Scenario:
- Peak Price in 2006: $644,600
- Estimated Current Value: $293,000
- Bank Sales Price: $211,000 (Your Purchase Price)
- Estimated Equity On Completion: $82,000
- Deposit: $63,300
- Mortgage Advance: $147,700
- Annual Mortgage Payments: $8,862
- Other Annual Costs: $9,504
- Total Annual Costs: $18,366
- Yearly Rental Income: $21,600
- Annual Profit: $3,234
- Gross Annual Yield: 10.2%
- Annual Cash on Cash Return: 5.1%
These Riverfront condominiums in Down-town Miami manages to single-handedly fuse a sought-after location with some of the most exciting high end Miami condos residences in the city. The building is designed by award-winning architect Luis Revuelta and the building stands just over forty stories and sits on more than twelve lush acres of verdant land.
The building offers over 800 feet of serene river frontage that eventually leads to the popular Miami River-walk. Within the building you’ll come upon things like infinity edge pools, beautiful meditation gardens, a playground for children, a spa and health club, an arcade and billiards, business centre and more. The views from the River-front residences are unbelievable thanks to the inclusion of secluded terraces and floor to ceiling windows. The kitchens feature contemporary stainless steel appliances as well as granite counter-tops.
Down-town Miami is the home of these Riverfront condominiums, a distinction that puts you in the heart of all the action. From the building at River-front you can shop at the open air Bayside Marketplace, dine at one of the many varied restaurants, watch the Miami Heat at the American Airlines Arena or walk over to Dodge Island which is within walking distance from Ivy at River-front. For additional places to visit near the building at River-front condo, check out stylish Miami Beach or the lush island of Key Biscayne.
The Riverfront Amenities:
- 13.5 acre lushly landscaped Oasis
- Located on the Miami River just steps or minutes from Brickell Village
- Close to Miami's Central Business District
- Easy access to Miami International Airport and the Beaches
- 900 linear feet of river frontage connected to the 5.5 mile riverwalk
- Gated community with 24-hour security
- Infinity edge pools
- Meditation Gardens
- Expansive outdoor sports area
- Riverfront Club-The community's social spot during the day and the evening
- Business Centre
- Arcade Billiards
- BBQ and Picnic Area
- Dock Facilities and a Proposed Marina
- Children's Playground Spa and Health Club
Residence Features:
- Bay and city views from private terraces
- Floor to ceiling glass windows
- Pre wired for cable TV, high-speed Internet and multiple phone lines
- European-style cabinetry
- Modern stainless steel appliances
- Granite and marble countertops
- Stacked washer and dryers
Why is it time to buy in Miami?
International pulling power. Miami homes offer financial value to foreign buyers: International buyers benefit from the weaker U.S. dollar, multiplying their purchasing power.
A long-term-growth state. Long-term economic and demographic trends continue to favour Florida. By 2010 economists forecast that Florida will be the third-most-populated state in the country.
Great Prices and high inventory levels. Conditions are ideal for buyers to find their dream home. Inventory is still plentiful in all price ranges. But as sales volumes increase, inventory levels are likely to shrink. That reality translates into this advice for buyers: Don’t wait too long.
A favoured retirement destination. Over the long term, Florida stands to benefit from the migration of the aging Baby Boomer generation, roughly 80 million strong. Demographic studies show that the Sunshine State’s mild climate and outdoor amenities continue to make Florida a top retirement destination.
An unsurpassed lifestyle. Finally, let’s not forget the things that brought people to Florida in the first place, and will continue to attract them – beautiful beaches, fabulous weather and a friendly business climate, with no state income tax.
Detroit
Detroit, USA
Property prices haven’t just declined in certain places in America, they’ve collapsed. And right now they are at rock bottom. In fact, like all boom and busts, they’ve overshot and are at frankly silly levels. So low, that we just can’t get our head around how cheap the price is.
Simply speaking, it’s now the best value property in the World. And all the more amazing when you consider this isn’t in some third world country, but America, still the world’s number one economy. The land of Hollywood, Cadillacs and all-you-can-eat diners!
Even though it’s a great market for bargains in USA at present, selecting the right property is still very important. That’s where our work and expertise pays off. We look at hundreds of properties and only offer about 1 in 20.
Prices are rising now…
Prices are springing up from the absurdly low levels. Local investors are buying up such property and there are bidding wars on many repos. Prices are now, in our estimation, sharply on the up. However, bargains can still be found.
Detroit an ethical investment
You have the option to work with a local non-profit organisation to invest, refurbish, rent or sell. Whichever option you choose for your property you can be sure local people have benefited from your ethical investment. We have managed to secure properties in Detroit which allow for refurbishment and rented to the local community providing you a steady income stream. The refurbishment will be carried out by an admired and well respected group whose sole aim is to give back to Detroit quality housing aimed at renting to local responsible tenants.
For each individual property we bring to the market we provide:
- Pictures of the property and surrounding area
- Pictures/ description of the interior and structural integrity
- Historic purchase prices and rental comparables in same street or surrounding area
Ownership
Getting work done and property managed isn’t a problem. There are plenty of tradesmen and companies looking for work. We can provide details of property repairers or management companies if required.
Buying process
One of the great things about buying in America, is the simple buying process from anywhere in the world. A preliminary contract will be sent to you to sign and then once the balance is paid you will receive title by means of a Warrant Deed transfer and the property will be registered in your name locally. Total buying cost is only $500. No hidden extras. Ideal low cost if you wish to quickly re-sell. Process…
- Reserve with a total of $2,000 plus £2,000 ($1500 USD, Notary $500 and £2,000 finders and administration fee).
- Preliminary Contract sent to you to sign and return.
- Pay balance to USD Client Protected Account in the UK within 2-3 weeks.
- Title Deeds will be signed and transferred into your name and registered in the US.
- Registered Deeds and keys will be sent to you once registered (within 3-6 weeks).
Once you have rented the property out, why not mortgage it? Credit is available in America, as long as you have good security in your property. And that’s certainly the case here. In fact, as you are buying well below market rate, it’s likely you will recoup your money. Even take cash out! So owning a good property at no cost to yourself!
FAQ for Detroit Properties
1. Are these cheap Detroit properties free from debts and liens?
Yes, all properties we offer have had any liens and debts cleared before being marketed. We do not offer properties that have any outstanding taxes, which many repossessed American properties may have.
2. Why are these American houses so cheap?
The answer is public money. The banks can afford to write off mortgages of $70,000 and more which were typically held on these houses because billions of government money is being poured in to their businesses. In short, the American government is subsidising your investment!
3. It seems many of the properties will need work to get them into a rentable condition, can you assist with this?
We do assist clients with obtaining quotes for building works and can oversee a project for a management fee of 12%. Contact us for further details of building management.
4. Do you offer rental management for these properties?
We don’t offer rental management ourselves as this is a specialist area but do recommend the services of a local rental management company. They will find tenants, vet them and deal with managing the tenants for a percentage of the rental income, like any letting agent in the UK.
5. I know unemployment is increasing in the US and that may affect my tenant’s ability to pay rent. Is there anyway to avoid this?
Many landlords are taking advantage of the ‘Section 8’ scheme whereby the government covers the majority of the rent.
6. That sounds good but do I risk getting bad tenants as sometimes happens with the UK’s ‘DSS’ scheme?
The American system is more closely monitored than the UK’s DSS housing scheme and Section 8 applicants and tenants are required to abide by the rules. Failure to do this does result in eviction and permanent removal from the Section 8 scheme. This helps ensure that tenants respect the home they live in and the Section 8 scheme in general has very few evictions.
Section 8 covers up to 100% of the rental amount and in the cases where, 60% or 70% of rent is covered, the landlord (or rental management company) collects the difference from the tenant. If the tenant does not pay, then after 30 days Section 8 officers are brought in to rectify the situation. Those paying a portion of the rent are generally employed but earn less than the designated median wage for an area.
7. I want to visit Detroit, is it easy to get there?
Yes, there are regular flights (direct) with Northwest Airlines daily from Heathrow to Detroit Metro airport. As well as Northwest, there are a number of indirect routes which stop at either Washington or Chicago. Total flight time on a direct flight is approximately 8 hours.
8. Why invest in Detroit and Cleveland?
Property prices in Detroit and Cleveland are some of the lowest in the country and purchasers can pick up houses than dropped on average between 6 and 7 times in value.
9. What is a multi unit property?
A multi unit house is a property that has been divided into two or more apartments.
10. What kind of prices were these properties selling for in the peak sale period a few years ago?
We provide a breakdown of the previous sales history on each property so you know exactly what your home was worth previously.
11. Can I get a mortgage to purchase this property?
No, these properties are cash only purchases so please ensure you do have the funds to complete within the set deadlines. Failure to do this will result in the loss of your deposit and/or penalties. Mortgages can be obtained post completion and 60% LTV is achievable in the current market place.
12. I have heard of grants being offered to renovate properties, can I take advantage of these?
Grants are available for renovating properties and also tax credits of up to $8000 can be used to offset against the purchase of a property. However these are only available to American citizens. So whilst you may not be able to benefit directly, home values on your street will improve if your American neighbours take advantage of these schemes.
13. I have heard that a lot of people have lost their jobs in Detroit, so how can people afford to rent these properties?
Job losses throughout America are an increasing problem and for those that earn under the median income or who are struggling financially, the government has put in place the Section 8 scheme (detailed above).
14. Do these properties come with a building survey or structural inspection?
These properties are sold ‘as is’ and we do not offer surveys or guarantees as to the condition of a property. However, before we place a property on the market each house is personally inspected by us and we do not take on houses that have structural problems. Generally, we choose only one in every twenty houses that we see ensuring we provide only better quality houses.
We always provide up to date photos on a property so you can get a clear idea of what condition it is in and also, what the street and neighbours look like.
15. Do any properties come with tenants already?
Some houses we offer do come already tenanted and in these cases, we will state that in the advert. The majority of houses that we offer however do not come with tenants.
16. What kind of income tax will I be charges when renting out my property?
Rental income tax is approximately 29% after deductions, capital depreciation etc have been taken into account.
17. What is Capital Gains Tax (CGT) in the US if I decide to sell my property?
15%
18. I’ve heard I need a Certificate of Occupancy to rent out a property in the US, is this true?
Yes, a certificate of occupancy is a document that an owner obtains from the council to be allowed to rent/live in the property. It currently costs 295 USD for the certificate.
19. What are property taxes in the US?
Taxes vary depending on area, house, location and price/value. It is difficult to give figures as these houses are currently being sold under value at a low price. Typically annual property taxes for middle class homes can be anything between 1500 – 4000 USD.
20. According to local media the average house price in Detroit is $8,000
The average house price in Detroit is $19-23,000. Contact us for sources.
21. I had a conversation with XXX Realty who advised that we stay well clear as the place is becoming a ghost town, they said that there are entire neighborhoods that are completely deserted which would result in absolutely no rentals, no one looking after neighborhoods and resulting in new age ghettos.
Statistics available for the average home price in Detroit (Please see some of the real-time websites I have sourced) because the city is so large and diverse we prefer to concentrate more on the area where the properties we offer are located to get a more accurate idea. We’ve yet to see an entire neighborhood boarded up but there are definitely streets in the inner city areas that are nearly all boarded up. Oddly enough, the neighboring streets can be fine (which is why we always check before we offer). But we would never offer property in such places. No doubt you’ve seen photos (in particular the street photos) of the houses we offer and know they are not in such areas. Before we offer any of our houses, our contacts inspect them personally to make sure there is no/very little other repossession on the street and that the area is good. We cannot comment on the conversation with Fortune Reality as we were not involved, I would suspect that if they have regional conflicts of interest, then perhaps there input may be biased?
22. More than 50% of the population has now left the city.
It is very difficult to find official figures on how many people have left the city but 50% is certainly completely inaccurate. The general consensus seems to be approx. 8% of the population leaving between 2001 and 2006. However, with the foreclosure problems happening in the expensive metro areas, there is a new trend of homeowners moving back to the city to more affordable housing and to where the jobs are. It has been noted that residents of Detroit have strong roots there and are not transient like in places such as Las Vegas.
23. The entire city is on the brink of bankruptcy.
Approximately 1 in 8 Americans are having problems with their mortgages and I would expect that to be the case in Detroit, probably a bit higher since it is in the top 5 for foreclosure rates. But to say the whole the whole city is on the brink of bankruptcy sounds like unsubstantiated tabloid page filler. Whilst the city does have problems hence the huge price drops and opportunities. There are obvious signs that politically there are no shortages of candidates for the Mayors position, and radical changes are what the city needs. Homes can be purchased in Detroit for around $10, 000 but typically these are not in areas that I would want to own a property in. For decent areas, you need to be looking at $20K and above on average. The rental figures we quote are based on what is available on the same street/immediate area and a very accurate reflection; not made up figures. Rents are quite high in Detroit because of the Section 8 scheme http://www.hud.gov/progdesc/voucher.cfm and the number of homes that have been lost to foreclosure.
Algarve - Portugal
Exclusive Luxury Resort
Algarve, Portugal
Situated in a village on Portugal’s Algarve coast, this resort comprises 146 apartments ranging from 1, 2 and 3 bedroom apartments with spacious mezzanines and private roof terraces, along with terraced duplex townhouses overlooking the swimming pool.
Utilising Roman and Mediterranean architectural influences, the extensive landscaping includes sunken natural stone walled gardens of cypress, olive and palm trees together with fragrant
lavender shrubs.
Location
- 6km west of the historic town of Lagos
- Less than 200 metres from the beach
- Just a short walk to all shops, restaurants, and bars
Resort Facilities
- Onsite reception & property management service
- 24 hour security
- 2 large swimming pools
- Children's pool & playground area
- Poolside snack bar
- Tennis court and Multi purpose sports pitch
- Italian Themed Restaurant
Finish Specification
- Fitted kitchen with Siemens appliances
- Underground parking space and private store room
- Video Porter
- Air conditioning and under floor heating
- Satellite TV and all mains services
- Electric Shutters
Owner Discounts
- 30% off Golf Green Fees at 7 golf courses
- 50% off use of Spa
- 20% off Food and Beverage in all developer's outlets
Rental
All rental income is subject to a 15% withholding tax that will be deducted from the amount to be paid and remitted.
- Usage for owners is 4 weeks per year
- Two weeks in Oct/Nov
- Two weeks in Jan/Feb
New Airport To Be Built
A new airport serving the Western Algarve has been given the go ahead and is expected to be built near the new international racing circuit, Algarve Motor Park, near Mexilhoeira Grande outside of Lagos. Regarded as an excellent opportunity for tourism, this airport is expected to attract both low cost and private airlines enabling more people to visit this area directly with shorter transfers.
New Formula 1 Racetrack
A new €200m Formula 1 circuit will no doubt attract the interest of Bernie Ecclestone in the hope of bringing the Grand Prix back to Portugal after Estoril lost it through safety concerns back in 1996. The Autódromo Intenational Algarve is an integrated tourism and leisure development which will include racetrack, go cart track, sports centre and 5 star resort operated by The Radisson Group. The complex will house 100,000 spectators comfortably and inevitably attract the world’s sporting media and racing fans from all around the world. Ferrari and Mclaren-Mercedes Formula 1 teams amongst others have carried out tests here in 2008 and the Superbikes World Championship, the A1GP, the Algarve 1000km (Le Mans Championship Series) and the GP2 are scheduled for 2009 along with a whole host of product launches.
The Reef, Residences at Atlantis
The Reef, Residences at Atlantis, Paradise Island - The Investment
Why Invest in the Bahamas?
The Bahamas has become a particularly favorable target for international investment. It has established generous legal incentives to attract foreign investors and has a streamlined government bureaucracy for expeditious project approval. The Bahamas possesses an outstanding infrastructure for commercial and industrial activity, and offers a highly-skilled workforce. The professional community of accountants, international bankers, trustees, and investment specialists is large, diverse and highly skilled. There is also a full complement of respected and experienced law firms. The climate for foreign investment is particularly favourable to the finance industry, insurance, manufacturing, shipping, import and export trade, and of course, tourism development.
Welcome to Paradise Island
Atlantis, Paradise Island is the flagship resort of Kerzner International, a leading international developer and operator of destination resorts, casinos and luxury hotels. This unique, ocean-themed destination is located on Paradise Island, The Bahamas, and features a variety of accommodations, all built around a 97-acre waterscape comprised of over 20 million gallons of fresh and saltwater lagoons, pools and habitats. Home to the largest open-air marine habitat in the world – second only to Mother Nature – there are over 50,000 marine animals in lagoons and displays, including The Dig, a maze of underwater corridors and passageways providing a journey through ancient Atlantis.
The Reef, Residences
The Reef, a contemporary-styled resort, is situated on Paradise Beach, creating water views from all rooms, which are complete with private balconies overlooking the ocean and white sands. All custom-designed accommodations feature a kitchen or kitchen area with an energy-saving dishwasher, living area with sofa bed and are fully-stocked with linens and tableware – a perfect choice for families looking for a beachside experience within Atlantis, with all the amenities of a home.
- All one-bedroom suites feature an en-suite energy efficient washer and dryer and the resort provides complimentary laundry facilities for all studio accommodations.
- The 22-story tower consists of 307 studio units, 188 one-bedroom units, two penthouses and the option of creating a two-bedroom accommodation by combining a one-bedroom suite with a studio.
- With living space ranging from 519 square feet to 3,102 square feet, The Reef offers a residential experience complete with 24-hour room service, daily maid service, wireless internet and a variety of exclusive family-centered services and experiences.
- Rates range from $340 per night for a studio terrace accommodation to $1,750 for a deluxe ocean two-bedroom suite.
Amenities
Owners of The Residences at Atlantis have exclusive access to a private gym, Starbuck’s Café and an owners’ concierge team. Other amenities include the Mandara Spa, Cain Pool and Beach Club, 22 on-property restaurants and high-end shopping at the Atlantis Marina Village. Access includes all resort facilities.
- Treat yourself to a “house call” from the Mandara Spa and Salon at Atlantis. You’re vacationing in your own designer-furnished residence
- The all-important, well-connected concierge staff proficiently exerts its influence in the neighborhood and around town to see to your requests
- Wind down at any of our many social and recreational facilities. The very professional security personnel quietly and adeptly see to your serenity
Fully furnished residences
The Reef’s elegantly-designed suites are fully furnished from linens to tableware and feature a wide array of custom interior amenities such as crown moldings, granite countertops, imported kitchen cabinetry, top-of-the-line appliances, luxurious bathrooms, plush wall-to-wall bedroom carpeting, LCD flat screen televisions, and private terraces offering breathtaking ocean and resort views.
- Studio (junior), one-bedroom or two-bedroom, designer-furnished residences are available
- Two-bedroom suites come with a “lock-out,” an innovative double entrance feature that can divide the residence into separate studio and one-bedroom suites for individual use
- Studios include bedroom, sitting area, kitchenette, master bath and terrace
- One-bedrooms have full kitchen, dining area, living room, master bedroom, two bathrooms and private terrace
- Two bedrooms are a combination of a studio and one-bedroom suite
Rental program
It is a requirement of Bahamian law that units in a condominium-hotel must remain within the hotel’s general rental inventory for a minimum period of 9 months per year, or be subject to significant customs duties and stamp duties thereon.
- Your share will be approximately 40% of the rental income calculated thus:
After deduction of the applicable taxes, levies and gratuities, Atlantis will deduct the management fee of 10% of the Rental Income. Atlantis will retain 50% of the balance as compensation for securing and servicing the rental program and we will pay you, as a Unit Owner, the other 50%, less 5% of the Rental Income for the Reserve Fund and less any other outstanding unpaid amounts, if any.
Eden Caribe
Why Eden Caribe
Whether you're looking for a beautiful holiday home or a shrewd investment, the Eden Caribe development is a unique offering. A stylish beachfront eco- resort in a stunning location, requiring only 40% down, with non-status finance available and guaranteeing rental returns of up to 14.5% for the first two years (meaning it pays for itself), with very hefty profits likely on resale - this is a remarkable investment prospect. There is simply nothing in the region to match it.
What's more, this is the optimum time to enter the area's economic cycle: It's set to boom. High-end tourism is thriving, creating a hungry rental market and a ready-made, affluent onward sales market. The Dominican Republic, in particular the south-west coast, is expecting unprecedented capital growth, especially for prestige developments such as this. Many see it as the last genuinely exciting investment opportunity in the Caribbean.
There are only 125 units in Eden Caribe, it's truly exclusive. With such limited availability, cracking finance options and the chance to own one of the most prestigious properties in the entire Caribbean, we expect these 125 to be snapped up very quickly. For a limited time, the developer is even offering a further 5% discount on the already exceptional purchase price.
Investment USP's
- 15% Rental Guarantee (4 months personal usage included) for 2 years
- 5% Developer Discount
- Low Deposit
- Non status mortgages Available
- UK Legal representation available
- Capital Gains - But NO CAPITAL GAINS TAX
- Further DR Government tax incentives available
- Only 125 exclusive units available
- Prices From only €108,000
- Self Contained resort with high-class facilities
- Built to European standards by a highly reputable Norwegian developer
- Selected as the Olympic Federations of Norway, Denmark and Finland as official base for their winter training location for athletes
With its impeccable eco-credentials; top-class Scandinavian design; proximity to international yachting routes and the planned luxury marina development; stunning oceanfront and forest location; and five-star onsite amenities, Eden Caribe is arguably the single most impressive resort development in the whole Caribbean, and indeed one of the finest in the world. To be able to buy into such luxury and capital growth potential for such an affordable price is, we believe, unprecedented. And there are only 125 units. Such limited supply will keep rental and resale prices very buoyant, and also makes this a truly exclusive resort.
5 Star condo - Miami
Combining the personality and style of an independent hotel with the reliability, consistency and attentive service of a major business hotel,W Hotels® has redefined the upscale hotel experience, becoming the fastest growing luxury hotel brand in the world.
It began with the recognition that there are customers who seek a balance between style and substance in their own lives, as in the destinations they choose. Each W hotel embodies this balance with a strikingly modern approach to design that is as refreshing, accessible and comfortable as one's own living space, and an emphasis on comfort, warm, attentive service and exceptional amenities.
From the creative spark of its inception, W Hotels has defined a new vision, vocabulary and voice for modern living. It has created a place where guests can enjoy all the comforts and services of a luxury world class hotel, while immersed in all that's cool in the world of music, design, fashion and art. From private in home catering to a 24 hour social concierge or yoga lesson on the beach, W Hotels gives its guests access to a world beyond the velvet ropes without asking them to conform.
Now making a new home for itself and its guests, W South Beach Hotel & Residences will translate the colors and flavors of South Beach into every aspect of its design, and ultimately the resident experience. Adventurous, sexy, relaxing, and always unique, W South Beach Hotel & Residences will offer the perfect world to work, play, or simply get away.
RESIDENCES OFFERINGS
BUILDING FEATURES AND AMENITIES:
- 300 feet of pristine oceanfront property
- Two outdoor infinity edge pools
- Secret Garden with fountains and private outdoor showers
- Swim up private pool cabanas with flat screen TVs
- Private beach access
- Soaring ceilings and ocean views in Living Room
- Door attendant and Welcome Ambassador
- Full time maintenance staff for finely manicured landscapes and interiors
- Wired and Wireless business center services with high speed internet access
- Meeting rooms with signature W sensory set up (aromatherapy, mood music and creative catering)
- Multi lingual staff, foreign currency exchange
- W Store featuring products for bed, body, bath and travel
- 24/7 security
RESIDENCES FEATURES AND AMENITIES:
- Beautifully designed, fully furnished residences by award winning designer Yabu Pushelberg
- Ocean Suites, one and two bedroom Ocean Residences, Beach Bungalows and Penthouses
- Expansive glass balconies with unparalleled views of the beach and ocean from sunrise to sunset
- Over 9 foot high ceilings
- W Hotel signature down bedding
- Two plasma televisions, CD and DVD player, and iPod docking station
- Wireless, high speed internet service
- Multi line telephones and Bose wave radios
- Built in European cabinetry in closets
- Safe and owner lock out closets for your keepsakes
- Full kitchen with top of the line appliances in all residences and catering kitchen in select units
- Marble and wood flooring
- Imported cabinetry, spa showers, marble sinks and Bliss Spa products
- Soaking tub in larger units
- W Hotel signature bathrobes and slippers
- Espresso machine in lock out for owner use only
- Daily housekeeping services
BEACH CLUB – LIVING ROOM ON THE OCEAN:
- Beach Ambassador to secure the perfect spot on the beach and bring you your favorite cocktail
- Umbrella, chaise lounge, towel, and food and beverage service
- Oil up station where tanning oil is sprayed directly on your body with no mess
- Gourmet lunch in a box for a picnic on the beach
- Pre reserved beach chairs (also available poolside)
- Parasail/Boat and other beach rentals
W LIFESTYLE SERVICE AND AMENITIES:
W Wellness
- Bliss Spa™: take a personal retreat anytime at the 5,000 square foot world famous spa
- B.I.P.: spa discount and preferred access program for residents
- Sweat: state of the art fitness facilities and equipment
- Personal training, yoga, pilates and aerobics studio
- Nutritionist, custom meal programs and diet plans
- Poolside treats such as frozen towels, cooling eye masks and refreshing face mist
W by Design Style Consulting
- Private shoppers and fashion consulting
- Design consultants for furniture purchase, artwork, layout/feng shui
In home personal styling, from hair to manicure - Plants: weekly botanical service
W Entertainment
- Late night Living Room and private VIP room
- Events for residents: fashion trunk shows, wine tasting, movies
Wheels: limousine service and car valet cleaning services - Wireless laptops and portable DVD players
- VIP priority service and pager system to alert owners when their table or car is ready
W Dining
- Two signature gourmet restaurants providing indoor and outdoor dining
- In home dining: room service 24/7 from our signature restaurants
- Pantry Raid: grocery shopping and delivery
- Private in home catering that can even be served on your own dishes if you choose
- Personal Chef services for dinner parties or a romantic dinner for two
- Private outdoor dining tents available
Whatever/Whenever TM
- Dedicated Residences Concierge
- Preferred owner check in
- Wash: laundry service from hamper pickup to in closet delivery
- Dry cleaning pick up and delivery
- We fix it: 24/7 in home maintenance service
- Woof/Meow: pet services walking, feeding, grooming, massage, etc
- Childcare and babysitting services
- Birthday party planning services
- Weekly hot lists of restaurants, lounges and event picks for residents from your concierge
- Package delivery and courier services
- Company: get a goldfish for the stay complete with naming and feeding instructions
- Foreign and domestic papers and magazines delivered to home
- Secretarial services
- Rental of business equipment (laptop, mobile phone and audio visual)
- Technology consultants and IT support
The Marquis Estate
The Marquis Estate - Why Invest?
St Lucia is an established and increasingly popular holiday destination that is also one of the most accessible - three major airlines from the UK provide a direct service to St. Lucia (9 hours), and a direct service is available from the following US airports - New York (5 hours), Miami (3 hours), Charlotte (4 hours), Philadelphia (5 hours) and Atlanta (4.5 hours).
- St Lucia has a stable economic and political environment with a high probability of price appreciation over the next ten years. St Lucia has many of the same advantages as Barbados but property prices are currently 60% lower.
- The World Bank has recently placed St Lucia in the top 30 countries in the world to invest, making St Lucia the only Caricom country to make the top 30, ahead of Barbados and Antigua.
- The island is still unspoilt and undeveloped, although several new developments have recently been started. The government sees expansion of tourism as a key objective and the growing popularity of the island for holidays mean that there is excellent rental potential for properties.
- The real estate sector in St Lucia is booming. St Lucia is still one of the most reasonably priced islands in the Caribbean for property acquisition with prices 60% lower than on Barbados. Property prices have increased by around 40% per annum for the last 2 years, and are projected to continue to rise for the next 5 years.
This all points to a fast maturing property market in St. Lucia with increasing prices, making an early commitment to a home a sound investment in lifestyle and real estate
The Marquis Estate is situated amongst some of the Caribbean’s most attractive landscape on the stunning northeast coast of St Lucia and occupies a breathtaking 500 acre site in a wide lush, tropical valley that sweeps majestically down to one of the most beautiful beaches in St Lucia, the Marquis Bay, where with pristine white sands meet clear, turquoise waters that are perfect for scuba diving and snorkelling. Originally the site of an 18th century sugar mill and more recently a banana plantation, the estate is resplendent with native fruit trees including mango, papaya, coconut, avocado, breadfruit, star fruit, plum and coffee. Tall flame flowers, orchids, jasmine, bougainvillea, oleander and hibiscus explode with colour and the bright red flamboyant tree attracts tiny iridescent humming birds. An estate of this individuality requires considerable care to leave this piece of land better than it is. Harlequin plans to do this by ensuring the indigenous population’s involvement and the protection of the wildlife and existing ecosystems to create a new legacy.
We have already released hotel suites and apartments for early investment at off plan prices of more than 50% below market value.
The Resort
The developer intends that The Marquis Estate will be the finest resort in the Caribbean, bringing together some of the best brands and names from around the world to deliver a truly exceptional resort. The Marquis Estate is situated amongst some of the Caribbean’s most attractive landscape on the stunning northeast coast of St Lucia and occupies a breathtaking 500 acre site in a wide lush, tropical valley that sweeps majestically down to one of the most beautiful beaches in St Lucia, the Marquis Bay, where with pristine white sands meet clear, turquoise waters that are perfect for scuba diving and snorkelling. Originally the site of an 18th century sugar mill and more recently a banana plantation, the estate is resplendent with native fruit trees including mango, papaya, coconut, avocado, breadfruit, star fruit, plum and coffee. Tall flame flowers, orchids, jasmine, bougainvillea, oleander and hibiscus explode with colour and the bright red flamboyant tree attracts tiny iridescent humming birds. An estate of this individuality requires considerable care to leave this piece of land better than it is. The developer plans to do this by ensuring the indigenous population’s involvement and the protection of the wildlife and existing ecosystems to create a new legacy.
Villas and Apartments
Inspired by a vision of luxury and elegance and intelligently designed by highly acclaimed architects to ensure environmental sustainability with uncompromising quality, The Marquis Estate will comprise a distinctive collection of bespoke estate villas uniquely positioned to take advantage of the natural beauty and scenic vistas afforded by this wonderful setting, luxury apartments and penthouses at the marina and hotel suites providing exclusivity and sophistication within a setting of natural beauty. Surrounded by lush tropical greenery, the properties will be meticulously designed and built using the very finest natural materials sourced from around the world. The properties will not only look stunning but will be beautifully furnished and equipped with luxuriously appointed bathrooms and a state-of-the-art interactive entertainment system. The gardens will be carefully landscaped to create a resort that embraces its exotic natural environment and is in harmony with nature, complementing the island's natural beauty and creating a gem within a gem. The Marquis Estate will also include The Island Sanctuary, an exotic, tropical paradise surrounded by fresh water channels and reached only by private bridge. Each of the villas on The Island is secluded from the outside world by a living boundary of lush greenery. Each of the luxurious villas has its own private grounds and is surrounded by channels of fresh water and tropical planting. Designed and built to the highest specification the villa offers elegant and spacious accommodation.
Purchasing using a SIPP
A Self Invested Personal Pension, known as a SIPP, is a personal pension for which the person investing for retirement decides what their pension fund is invested in. Traditionally pensions are managed by a pension fund manager who may invest in volatile stocks and shares or boring old cash and the investor has no control or influence on this decision. Any type of pension can be transferred into a SIPP, for instance many people have several 'frozen' pensions from previous employment or businesses and/or personal pensions that they can transfer. This is a complex area and it does need professional advice. The developer has teamed up with one of the UK’s leading independent wealth management companies which specializes in pensions and investments. They will carry out an initial review completely free of charge for potential investors to assess whether their existing pension plans may be transferred into a SIPP.
If an investor already has a SIPP, or once the SIPP has been set up, the investor selects the property they wish the SIPP Trustees to invest in. It is also possible to increase the amount of funds available in a SIPP by borrowing up to a further 50% of the value of the SIPP. For example if a SIPP has funds of £200,000, it can borrow another £100,000 making available £300,000 to invest. An investor using a SIPP can make further contributions ongoing into their SIPP and is entitled to full tax relief which means that if a 40% tax payer paid in £100,000 it could only cost him £60,000.