Obelisk International Launches Latest Property Investment The Colony, in Northern Cyprus
Obelisk International announces news on a new development project in Northern Cyprus. The villas at The Colony are based in one of the hottest emerging markets to surface this year.
London, UK (PRWEB) August 11, 2007 -- The Colony project represents a fantastic opportunity to invest in an overseas property that offers a short, medium, or long term strategy and therefore gives flexibility for the investor looking for a very strong return.
Situated only 10 minutes walk from the beach the villas at The Colony will appeal to a wide variety of tourists in this popular and expanding part of the island. Lying just a short distance from restaurants, bars, golf courses, spas, casinos and a planned 140 mooring marina The Colony makes an excellent holiday destination as well as a strong investment. The area itself boasts one of the lowest crime rates in Europe and offers some of the finest and safest beaches in the Mediterranean. The government has declared Northern Cyprus as a tax free shopping haven and are now offering travel companies incentives for each visiting tourist and adds to the attraction for this insightful property investment.
The Colony will comprise of 87 detached villas, all with 3 bedrooms and 2 bathrooms, and will certainly appeal to the tourist within the high income, professional market. Obelisk International property investors are presented with a 31% discount of the market value for villas at The Colony and as such Obelisk International is providing clients with an inherent profit from the point of purchase.
The year-round rental yields, based on current market figures, are between 8-12% which is expected to rise as the region draws in further investment. Economic growth in Northern Cyprus is very stable with falling inflation rates, interest rates, and steady exchange rates.
The property market in Northern Cyprus has risen by up to a staggering 700% within 3 years but with property prices still relatively low in the area, compared with other emerging markets, property research experts believe that the prices have a long way to go in terms of profitability for the early investor.
The Colony provides an outstanding opportunity and is exciting news for the emerging market. Project lead Kevin Prior, Obelisk International's Sales and Marketing Director, commented; 'The Colony depicts our unprecedented commitment to provide only the best investment opportunities for our clients. This latest project further validates our unsurpassed dedication and obligation to our client's globally diverse portfolios. The Colony in Northern Cyprus again demonstrates our respected and dedicated approach to investigate, analyse, and assess all aspects of the emerging property sector before moving. It is an exceptional property investment opportunity and in terms of rental income, we believe the high quality villas and the amazing location in Northern Cyprus, will provide a catalyst to escalate client's profit margins.'
For more information on The Colony and other global investment opportunities contact: Obelisk International on 0808 1600670 info@obeliskinternational.com
Or visit our website
About Obelisk International
Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility and impressive financial performance. Their service to investors is based upon three main principles: price, profit and performance.
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