New development for sale in Parnu. New flat and apartment for sale in Estonia. 10 to 15% deposit untill completion; Good capital growth expected; Great location 2 minutes from beach; Great buy to let potential; Dont buy in Estonia untill you have spoken to us, we charge less than anyone else by nearly half.
Description : Key selling points 10% to 15% deposit untill completion 75% mortgage on valuation (not purchase price) Price per meter from approx. 1600 euros Good buy to let Good seaside location only two minutes from beach Rental return 5% Price: (price list below) 55000 to 110000 euros Deposit: 10 to 15% Finance available: 75% Price per metre: Aprox 1600 euros Completion Date: Feb 07 Rental return: 5% Units sold: Approx 10 Units to sell in total: 48 Finishing: Everyhing but kitchen about 3000 euros Coments? Good buy to let Parnu is the seaside capital of Etonia, aprox 1and a half hours from Tallin and situated 10 minutes walk from the centre of Parnu, this development has great buy to let potential. One side looks towards the sea with uninterrupted views. The beach is only two minutes away but It will rent to local people in the town on long term lets. Development The building comprises two sections: a higher 8-storey building with a socle storey and a lower 2-storey building. The two and eight-storey building (2+8 stories and the socle storey) has a total of 48 1, 2 and 3-room apartment ownerships. The eight-storey building has a lift. All apartments have balconies or terraces on the seaward side and a view of the sea is available from the fourth storey upwards.Entrances to stairwells, storage rooms, commercial space, technical rooms and two apartments are on the socle storey of the building. In front of the apartment windows is the terrace surface. The plot in the courtyard section is to be surrounded with a boundary fence. There is a children’s playground in the immediate vicinity of the residential building. An illuminated car park is to be constructed in the territory surrounding the building to accommodate residents' cars. A liftable barrier operated from a control panel is to be installed on the car park access road. Roads and car parks are connected with the surrounding streets while pedestrians can access the plot from Papiniidu and Mai Streets. The plot sidewalks are made of concrete. The garbage containers for the residential building are installed at the western edge of the plot. The building comprises two sections: a higher 8-storey building with a socle storey and a lower 2-storey building. The two and eight-storey building (2+8 stories and the socle storey) has a total of 48 1, 2 and 3-room apartment ownerships. The eight-storey building has a lift. A All apartments have balconies or terraces on the seaward side and a view of the sea is available from the fourth storey upwards. Entrances to stairwells, storage rooms, commercial space, technical rooms and two apartments are on the socle storey of the building. In front of the apartment windows is the terrace surface. The plot in the courtyard section is to be surrounded with a boundary fence. There is a children’s playground in the immediate vicinity of the residential building. An illuminated car park is to be constructed in the territory surrounding the building to accommodate residents' cars. A liftable barrier operated from a control panel is to be installed on the car park access road. Roads and car parks are connected with the surrounding streets while pedestrians can access the plot from Papiniidu and Mai Streets. The plot sidewalks are made of concrete. The garbage containers for the residential building are installed at the western edge of the plot. Why buy in Estonia? Property is growing in value in Estonia faster than anywhere else in the world, according to one of the world’s leading international real estate firms. The report, which places Estonia at number one in the world growth league table, states that property prices in Estonia rose by 17% in the year to March 2006 and this follows on from growth of 18.6% in the year to March 2005. Meanwhile growth in a number of other locations perceived to be property hotspots was disappointing. Growth in Bulgaria reached only12.5%, South Africa recorded 12.1% and China, many people’s hot tip for the next decade could only muster a 4.7% rise over the same period. The full report’s focuses on recent supply and demand trends together with an outlook for short term prospects. The market comments are supported by detailed statistics including price trends. Cheap flights are available from Easyjet who fly daily from Stansted and EstoniaAir fly regularly from Heathrow, Gatwick, Manchester and Dublin to Estonia. Estonia, as a member of the World Trade Organization and the European Union, has transitioned effectively to a modern market economy with strong ties to the West, including the pegging of its currency to the euro. The economy benefits from strong electronics and telecommunications sectors and is greatly influenced by developments in Finland, Sweden, and Germany, three major trading partners. The state budget is essentially in balance, and public debt is low.