Welcome to Esprit, a defining moment in luxury living and a unique opportunity to be part of a signature project pushing the boundaries of home ownership to new levels. Located in an exclusive area of Southern Cyprus Esprit offers the very best in everyway from stunning modern designs, luxury high end specifications to breath taking views across the entire Chrysohou Bay with spectacular full sunsets. 

• 28 Luxury 3 bed, 3 bath detached villas,.
• High end specification with private pool, roof terrace and airconditioning.
• Modern contemporary designs.
• Wonderfull hill top location giving stunning panoramic views.
• Linda Barker interior design and furniture packs.
• Exclusive locationin the top Cypriot resort.
• Prices starting £395,000
• Estimated completion End 2009
• Mortgages from 90% LTV, 4% interest rates & 35 yr loan terms
  

Media Coverage

The Mail on Sunday
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A Place in the Sun
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We have agreed a discounted off plan price and an exceptional mortgage product of 90% LTV to achieve the maximum returns, with 4% interest rates and 5 years interest only repayments.

Prices at Esprit vary from € 600,000 to € 750,000 depending on the size and the villa design, all villas come with a private pool and sea views.

This is an excellent opportunity to invest in an off plan property at a significantly discounted price and take advantage of the price appreciation after completion, also paying only 10% deposit wwill increase your return on investment to the maximum.

Investment Example:

You decide to buy a villa with price  € 600,000

• Now: pay € 2,000 Reservation fee (takes the property out of the market and fixes the price)
• 4 weeks: pay deposit 58,000 (10% less 2000) and sign the contract.
• Nothing more to pay for 2 years until completion at December 2009!
• 2008: Nothing to pay
• 2009: Nothing to pay
• 2010: The property is completed and delivered
• At this time due to the significantly discounted off plan price and the capital appreciation during construction phase, it is anticipated that the € 600,000 buying price will have grown to a property value of € 780,000, your equity in the property is € 240,000 and all you have paid is € 60,000 giving you more than 300% Return on investment in only 2 years!
• If you hold the property for 3 more years the anticipated value of the property will be €1,038,180 and your equity in the property will be € 498,180 and all you have paid is €60,000 giving you a return on Investment of more than 730%, this high return is a result of the 90% LTV mortgage product we have sourced for this project.
• The above calculations are done using a 10% capital appreciation per year, the area has been averaging 15% + per annum, over the last 5 years, however, we have taken an average of 10% per annum to be more conservative. (see our “Making Money in Cyprus Property” report for more details)
• We have also assumed that the yearly mortgage costs after the grace period will be covered by the rental income due to the high rental demand in this area and due to the exceptional location of the project (See the investment appraisal report for this project for more details)