Palm View Resort. Boa Vista - over 60% now sold

Following on from the recent announcement from the developers of the six star Palm View Resort on the new structure whereby we have one of the lowest risk investments we can find in Cape Verde.

I know some have discussed with me as to whether is a good time to be investing but remember we are looking at completion over two years away with NOTHING MORE TO PAY and with the 7% guarantee, the risk is very low. The bond guarantees that the developer gets paid. The bond issuer is FSA regulated. There is even a partial refund of the bond if for any reason you are not granted a mortgage at the end,

After a villa? The villas are all sold in this phase one but there are still a few second phase villas available - but be quick. Naturally your reservation deposit is refundable. Contact me for more info on these and any questions you have on Palm View Resort.

OFFER:

Want to buy a property on a 6 star resort from as little as € 6,000?

Now you can… just reserve your property on the 6 star Palm View Resort, Boa Vista island and pay nothing else until completion - expected October 2010 (approx).

How? on completion the developer guarantees a 100% mortgage on the purchase price.

There is a 7% guaranteed rental for 5 years with the option to renew. So on completion you own a property without paying out any of your own cash and you are guaranteed a mortgage that will pay for itself with the 7% guaranteed rental offered by the developer.

To cap this off the whole development is bonded (insured) which means that this is probably the lowest RISK development around.

Most emerging markets demand a sizeable percentage of money invested up front with Palm View Resort this is not required.

This payment plan and structure suits both jet to let investors and lifestyle buyers as it tackles head on the area of risk when investing money into off plan projects. Palm View Resort will be one of the most sought after properties on the island and off plan investors can now do this what many would argue as very low risk.

Palm View will offer just this one purchase plan - not lots of different ones, just one !

Palm View purchase will be via an exchange bond system and proceeding on completion to 100% finance package covering all costs for 5 years.

A total of a 7 year investment with nothing to pay other than the cost of the exchange bond, which is then refunded from the purchase price at completion.

The exchange bond will cover the purchase of the unit - this is via exchange bond.co.uk - http://www.exchangebond.co.uk/

The purchase amount required for the units available will be as follows, this includes res. fee and exchange bond :

Studio unit €6,000
Ground Floor Middle Unit €9,000
Ground Floor corner unit €14,000
First Floor Middle Unit €15,000
First Floor Corner Unit €16,000

This would be the total amount required to secure the unit.

This amount would be reduced off the purchase price at completion. At completion there will be offered 100% finance, based on 85% LTV mortgage by BCN bank and a simple credit check at reservation. So the assumption is there will be at least a 15% capital appreciation before completion.

The developer will underwrite the valuation to ensure that the 100% finance is available. There will be written and contracted guarantees of this.

The loan will be interest only for 5 year fixed period at 7%. The developer will give 7% guaranteed net rental for 5 years. After this period mortgage and rental will be re-evaluated.

This is great as a property investment as well as for lifestyle purposes.

Palm Beach Resort, Boavista island

Want to buy a property on a 6 star resort from as little as € 6,000?

Now you can… just reserve your property on the 6 star Palm View Resort, Boa Vista island and pay nothing else until completion.

How? on completion the developer guarantees a 100% mortgage on the purchase price.

There is a 7% guaranteed rental for 5 years with the option to renew. So on completion you own a property without paying out any of your own cash and you are guaranteed a mortgage that will pay for itself with the 7% guaranteed rental offered by the developer.

To cap this off the whole development is bonded (insured) which means that this is probably the lowest RISK development around.

Most emerging markets demand a sizeable percentage of money invested up front with Palm View Resort this is not required.

This payment plan and structure suits both jet to let investors and lifestyle buyers as it tackles head on the area of risk when investing money into off plan projects. Palm View Resort will be one of the most sought after properties on the island and off plan investors can now do this what many would argue as very low risk.

Palm View will offer just this one purchase plan - not lots of different ones, just one !

Palm View purchase will be via an exchange bond system and proceeding on completion to 100% finance package covering all costs for 5 years.

A total of a 7 year investment with nothing to pay other than the cost of the exchange bond, which is then refunded from the purchase price at completion.

The exchange bond will cover the purchase of the unit - this is via exchange bond.co.uk - http://www.exchangebond.co.uk/

The purchase amount required for the units available will be as follows, this includes res. fee and exchange bond :

Studio unit €6,000
Ground Floor Middle Unit €9,000
Ground Floor corner unit €14,000
First Floor Middle Unit €15,000
First Floor Corner Unit €16,000

This would be the total amount required to secure the unit.

This amount would be reduced off the purchase price at completion. At completion there will be offered 100% finance, based on 85% LTV mortgage by BCN bank and a simple credit check at reservation.

The developer will underwrite the valuation to ensure that the 100% finance is available. There will be written and contracted guarantees of this.

The loan will be interest only for 5 year fixed period at 7%. The developer will give 7% guaranteed net rental for 5 years. After this period mortgage and rental will be re-evaluated.

This is an investment opportunity you cannot afford to miss.

Call Jet2Let Property now on 0113 3131000 or email, info@jet2letproperty.com.

Palm View Resort - Special Offer £1 = €1.4

I have been working closely with our developers to bring our investors some unbeatable deals. Undoubtedly its a buyers market and savvy investors are taking advantage of the current climate to secure good deals. One of my favourite offers is getting the price to where it stood when the UK pound was strong against the euro for property priced in euros.

Today we have a cracking offer for the six star Palm View Resort:

1/ Fixed purchase rate of €1.4 to the pound sterling
2/ Legal fee contribution of €1,000
3/ Upgraded furniture pack
4/ Privilege card

This special offer will only last a few weeks so do call me on +44(0)113 3131000.

Boa Vista is being planned as the best out of the islands by only allowing larger high quality developments and also only allowing development at a sustainable pace. In planning stage is a marina development next to Palm View Resort and several golf courses. With stunning beaches and year round rental this island will, in my opinion, soon command a substantial premium over Sal. Direct flights to Boa Vista from Thomson start in October 08.

I encourage all our clients to meet us in person, often in central London, Birmingham, Manchester or Leeds to discuss the various offers we have in all our markets.

Finally thanks you to Jane and John for feedback on this blog. We will try and get more frequently asked questions on here and the main www.jet2letproperty.com web site which is under a major redesign at the moment. Thank you for saying that you like to see jet2let being open with information and views that gives a personal touch which shows that we are much more than the real estate company with web site and property run by people who never go near the properties they are promoting!

Euro busting offer for Palm View Resort

Hopefully tomorrow we get the euro busting offer for Palm View Resort, Boa Vista island. Be sure to call or register on www.jet2letproperty.com. If rates improve for UK buyers in the future then this could end being a double benefit. Palm View Resort completes July 2010.

We also expect that the plot to the north of Palm View Resort will be a marina and to the plot to the south a hotel and casino. This is excellent news as it adds amenity to the area and therefore rental value.

Recent viewing trip feedback was excellent and the location was recognised as superb by all who went. Nearly all who went who had not already reserved, went on to complete their reservation. Contact us to speak to someone who has been and reserved. Boa Vista really is the best Cape Verde island and Palm View resort the only 6 star resort has the perfect location.

£295 to Boa Vista - 25th to 27th April

Well those good folks at the affordable six star Palm View Resort have reduced the price (including for those who have already reserved a place) for the Boa Vista viewing trip on the 25th April. Direct flight leaves at 10:00am from Gatwick North terminal and returns on Sunday at 6.40pm.

Some people have asked why Boa Vista, isn’t miles away from completion compared to Sal? For sure golf course and marina are behind Sal by 4 years or so - but direct flights start this October with Thomson.

As always its about taking a look and I know everyone will be wowed by the beaches here, in Sal here are very good here they are amazing. I reckon that Boa Vista will establish itself as the up market island. Sal Rei on Boa Vista is considered by those who have seen both as nicer than Santa Maria in Sal. Interestingly, for both islands, I am seeing buyers who are looking to spend extended vacations here. This is is good news as people see this as a year round comfortable place to live possibly more so than Spain for weather as it doesnt get too hot in Summer and of course its never crowded.

All developments are low density and the Cape Verde Investment authority I are doing a good job in keeping it this way and therefore I do not see these islands as being “cheap” holiday destinations just good value compared to equivalent Caribbean offerings and the all important advantage of no jet lag and within 6 hours flight from UK and Northern Europe.

So for £295 including flights, meals, entertainment etc this is a great deal - importantly there is no “hard sell” here so come and take a look and decide for yourself. Call soon as we still have some allocated seats left and I am sure these will be all gone soon.

As for Palm View resort its six star but at much lower prices. In addition there is 10% discount until 21st April and the discount applies for all folks who reserve on the trip and for five days after their return.