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Italy - Calabria yields 10% on villas

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  #1  
Old 03-05-2007, 03:25 PM
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Default Italy - Calabria yields 10% on villas

This market is starting to fly, there are very few experienced or good people in this market though much is promised. If you are looking for a new exciting European market, this may be the one you have been looking for. Demand is strong and for villa rents we can guarantee a yield of 10%. Wow.

Contact us if you would like to know more (purchase)
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Old 16-04-2008, 02:46 PM
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Default Guranteed rentals?

Guaranteed rental offers should be checked out thoroughly. Many have gone down the pan over the years. Is your guaranteed scheme backed by a bank guarantee?
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Old 21-07-2008, 05:14 PM
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Hi Calabria is the explosive growth area now the Jewel of Sea development is one of the most up and coming areas, the main developer and real estate agents are VFI Overseas. I fopund them to be easy to deal with and reliable. Like all developments the region has to mature and develop fist but I think we onto a sure winner here.
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Old 21-07-2008, 09:25 PM
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Hi Italgenio, these were the given figures by one of partners in Calabria, unfortunately they are not backed by bank guarantees, they were market figures. ie. price and returns. His primary business was in rentals so hence he knew the figures. As prices are rising, yields are falling, so now they are probably closer to 7-8%. thanks
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Old 28-07-2008, 12:20 AM
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Blah, blah, blah.
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  #6  
Old 30-07-2008, 03:39 PM
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De Tullio Law Firm is a Italian Real Estate property lawyer. It is a English speaking solicitor in Calabrian (Italy) .

If you are buying a property in Italy and need a legal advisory send a query to contact us form.
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Old 01-08-2008, 07:02 PM
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Default Incorrect figures

Quote:
Originally Posted by Calabrian Boy View Post
Hi Calabria is the explosive growth area now the Jewel of Sea development is one of the most up and coming areas, the main developer and real estate agents are VFI Overseas. I fopund them to be easy to deal with and reliable. Like all developments the region has to mature and develop fist but I think we onto a sure winner here.
Hello Calabrian Boy,
Id like to comment on your figures for profit (now deleted).
You said €50k could be invested with 80% LTV Mortgage and with 15% appreciation over two years would give you a property worth €330,625 with a profit of €80,625. (161%)
Basically you are saying put 50k down as a 20% deposit and on completition get a 80% mortgage. This would equate to 330,625 as you said in 2 years at 15% appreciation indeed giving you over €80,000........but thats not profit

First of all the buying costs are 13% - 14% (10% vat + legal, notary etc) This equals over 30,000 on a property of around 250K.
Second of all CGT of 18% - 20% applies in Uk and Ireland so this is a further reduction of profit.

Ok so property 250,000 , appreciates by 15% for 2 years = 330,625
as you said profit = 80,625 but........... minus €30,000 (Buying Costs) minus €16,000 CGT = 34,625 profit
I haven't taken away any sales cost 3%-5% and other cost associated yet.
With selling costs of 3% around €9000 included, this would leave you with a profit of just over €25,000.
There is a big difference between €80,000 as you stated compared to €25,000 which is my figure ?
Hope my figures are right now
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