Easley, SC (PRWEB) October 29, 2008
It's a development of studios, one and two bedroom apartments, situated in an area famed for its views of Lake Geneva and the Swiss Alps. Located on the French side of the border, the project is called Les Terrases du Léman, and is already creating a stir among property investors.
"This luxury resort is in a beautiful location," enthuses Gareth Milton, from the International Property Investment Network (IPIN) the investment arm of Propertyshowrooms.com. "It commands the grandest views of Lake Geneva and the Alps. This location generates strong demand, which is the key to unlocking the investment, while all units are fully furnished to a very high standard."
Unit prices, which are freehold, start from just over 92,000 euros, and includes the use of facilities like private underground parking, internet access, conference rooms, fitness centre, spa and beauty therapy complex, restaurants, and swimming pool. There's also an 18-hole championship golf course just a couple of minutes' drive away.
For those owners who are interested in receiving rental income from their property, the units can be fully maintained and managed with a twelve year rental guarantee at a 4.5% return, or 3.8% return with two weeks usage allowance. This goes hand in hand with a current high rental demand in the area. And the financial side of the investment is also favourable, according to Gareth Milton:
"Subject to status, Euro fixed-rate mortgages are available typically for 90% of the purchase price and even up to 100%. When taking the 100% mortgage package, you receive a refund of your initial 5% deposit less the mortgage broker fee. This means you are committing minimal capital from the outset, from as little as one thousand euros."
He continues: "Even though the project is located in an established Euro-zone market, investors can still expect to achieve growth of around 5% per annum, based on the local economy, unique location of the resort, and starting prices which are below market value."
The Lake Geneva region is a prestigious area which attracts visitors and ski enthusiasts alike, although new property developments in the region are rare. Therefore, this development is likely to further boost what is already a much sought after investment hotspot.
Propertyshowrooms.com is the leading web resource for worldwide real estate, for homebuyers and property investors alike.
The company works in partnership with the International Property Investment Network (IPIN). IPIN is a free service, which provides its members with a choice of only the most outstanding international property developments.
All IPIN properties have undergone a rigorous and painstaking selection programme, which ensures the best investor potential and that all legal safeguards are in place.
For more information on IPIN please visit Propertyshowrooms.com