Hi Alex,
You should come to Malta. Its a very welcoming place and most people fall in love with it! Regarding the rental investment guarantee: - Unlike other projects in other European and Meditterreanean countries where prices were inflated in order to offer guarantees and customers were left disappointed, the system we have works as follows:-
A rental management company has been appointment solely for the rental of the apartments available for rent against a commission so the sole income of this said company is derived from doing their utmost to make it work! The facilities included (unlike other luxury residences in Malta) offer the use of the Hamam spa, gym, outdoor and indoor pools, all included in the price of the rental. . As you can see the rental attraction is amplified when taking into consideration the fact that there is no similar facility on the island whereby a visitor can rent out luxury self catering accomodation with all the above included. Each block has its own concierge, underground parking and twentyfour hour security. All apartments are fully air conditioned with designer kitchens and state of the art finishes. A study of renting out a studio for 70% of the year is estimated to yield 9.23% per annum. This is being quite conservative.
The owners of the project are 50% Maltese and 50% Kuwaiti. They both have a fantastic reputation and track record in both their respective countries which makes investing in this project a very sound one. Actually its all very exciting since this project is set to be the STAR!! I am investing in this property myself.
Regards
Ann
Quote:
Originally Posted by AlexBu
Hi Ann,
What you say is very interesting, unfortunately I've never been to Malta but some months ago I was working with colleagues who were native Maltese, so we were usually speaking about current investment opportunities there!
I'm sure you will find a lot of people interested in the project you're following. Is the rental income guaranteed for these properties?
Cheers,
Alex
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