Property Description

Our latest development “Touch of the Sun” has just been launched on the local market and we are pleased to be the exclusive International Agent for this project.

The development is located in the Sauk District of Tirana, Albania and consists of 98 apartments. The development is being constructed by one of the first International Developers to enter into the market and with this they are bringing a European level of quality and finish to the project. The developer is financially strong as he is using his own cash reserves to construct the project. Thus any fall-out from the credit crunch will not affect the completion of this project. It should be noted that to date Albania has been immune from the affects of the Credit Crunch. Unit prices start at € 71,000 and we anticipate yields to be 7%. Mortgage finance is available and this is the only market in the region where you can also obtain Interest only finance!

The Touch of Sun development consists of 98 apartments, 5 min away from Tirana Business Districts, located in one of the best part of the city, Touch of Sun offers excellent capital appreciation and 7% rental return.

Investment Highlights

• 7% Rental Return
• Management Company in place
• Short Term Capital Growth
• Great City Location
• Reputable developer with proven track record
• 70% finance available

Completion

September 2009

Type of Units

1, 2, 3 and 4 beds

Size

From 77.05m2 to 236.92m2

Prices

From € 71,000 euros to € 237,504 euros

Financing

70%

Down Payment

30%

Local Taxation

Capital Gains tax 10%
Rental Income tax 10%