Blossom Properties Kyrenia

Blackpoolfan


Joined: 03/12/2008
Posts: 1568

Message Posted:
03/12/2008 15:50

At last anybody who has bought one of the apartments will be pleased to know work has started on clearing the site due to complete Dec 09 hopefully. Can look forward to a nice 4 year 10% yield cracking investment.

Chicken Run


Joined: 11/10/2008
Posts: 252

Message Posted:
03/12/2008 17:40

Eh... you really think they will have it finished within a year? Have you seen their Esentepe site?

Blackpoolfan


Joined: 03/12/2008
Posts: 1568

Message Posted:
03/12/2008 20:37

I said hopefully!!! i aint daft its cyprus, having the same problems with santa-fe also its the way it is maybe dec 2010 then?

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
03/12/2008 20:50

Welcome Tangerine fan.Hope everything goes to plan for you.Where abouts is your build,

Paul.

Blackpoolfan


Joined: 03/12/2008
Posts: 1568

Message Posted:
03/12/2008 21:01

Hi Paul,

Just waiting to complete on an apartment at olive grove lapta behind flippers resturant. Usually buy re-sales not as much hassle but off plan can be cheaper. R u living in trnc or holiday home?

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
03/12/2008 21:04

Tang,

Would that be Flippers Fish and Chips as i think i have seen the sign on the main road.Live in England mate but buying out in trnc,

Paul.

Blackpoolfan


Joined: 03/12/2008
Posts: 1568

Message Posted:
03/12/2008 21:25

Paul,

Flippers holiday village at lapta 5 mins from escape beach, got 2 in kyrenia and 2 in lapta, trnc is the place to buy. Hope your purchase goes smoothly will be a first if it does ! Good Luck.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
03/12/2008 21:34

Tang,

I asmire your optimism.Or should i say lack of it.

The-Wicks


Joined: 27/05/2007
Posts: 2279

Message Posted:
03/12/2008 21:35

Blackpoolfan - "Flippers holiday village at Lapta 5 mins from Escape Beach" - bloody hell, what are you driving - a Lear Jet? Please forgive my ignorance, but isn't there a law in TRNC that goes along the lines of "ONE PROPERTY PER PERSON?" I assume then that you mean, when you say "got 2 in Kyrenia, 2 in Lapta.... etc. that you, yourself, do not actually own these properties, but that they are spread out throughout family members?

Sorry if I sound slightly unbelieving.

J

Blackpoolfan


Joined: 03/12/2008
Posts: 1568

Message Posted:
03/12/2008 21:59

So i wasn't very good at geography maybe i meant sunset beach. As for the last remark yes i own them and you can buy as many properties as you have family over the age of 18, or mates down the pub. Your ignorance is forgiven, have a nice day

Graham


Joined: 20/10/2007
Posts: 397

Message Posted:
03/12/2008 22:09

You must have some good mates down the pub to buy a property in TRNC and put it in their name, a lot of people have bought in their own names and never slept in a bed there let.



Graham

Blackpoolfan


Joined: 03/12/2008
Posts: 1568

Message Posted:
03/12/2008 22:25

Graham im joking i wouldnt trust my own shadow just hope the family dont leg it with the deeds

BillyB


Joined: 19/05/2008
Posts: 436

Message Posted:
04/12/2008 00:56

Blackpoolfan

Message 1

"4 year 10% yield cracking investment". Are you out of your mind, we are in the worst recession that we will ever experience in our life time (exept the over eighties). Sorry to be negative but you will be down 10% for the next few years.

Blackpoolfan


Joined: 03/12/2008
Posts: 1568

Message Posted:
04/12/2008 02:00

With all due respect mate you make statements without the facts. I bought the apartment for £55,000 on completion the company rents the apartment for which they give me £5,500 per year back for 4 years no costs to pay and the property returned to me in the state that it was completed. So 4 years down the line i am rebated £22,000 so my outlay is £33,000 for a 120 sq metre apartment. TRNC is more imune than most because of the mortgage situation in respect of the so called recession its the same as the 80's boom or bust it wont last for ever. So "Am i out of my mind" the answer is no, bricks and mortar is ther safest place to invest for people with the confidence and balls to do it. Go and stick your money in an isa mate thats about as negative as you can get.

Amber


Joined: 26/09/2008
Posts: 561

Message Posted:
04/12/2008 11:53

Blackpoolfan



What what happen if "the company" went bust ?? not being negative just wondered, as it has happened to so many here.



Good luck

The-Wicks


Joined: 27/05/2007
Posts: 2279

Message Posted:
04/12/2008 12:02

So, they are guaranteeing you an income of £5,500 per year for 4 years? And, they return your property to you at the end of said 4 years in the state it was completed? Well, that works out at 4 years solid renting at around £420 per month. As Amber said - "Good luck"

stevemac


Joined: 21/07/2008
Posts: 99

Message Posted:
04/12/2008 13:02

Blackpoolfan I think you are fooling yourself if you think the developer will pay you £420 per month rental on the property you are buying. Even if they sign a contract with you, it's not worth the paper it's written on! Especially with a number if developers here unable to repay their heft mortgages and going bankrupt left right and centre!

cocos


Joined: 04/04/2008
Posts: 129

Message Posted:
04/12/2008 16:02

blackpoolfan sadly you are living in cloud cuckoo land if you believe a word they say! 10% yield on a 4 year deal? I fear the reality is you won't see any of it and in the end you won't even own the property without the title deeds.

BillyB


Joined: 19/05/2008
Posts: 436

Message Posted:
04/12/2008 16:26

Blackpoolfan

£458 per month is double the going rate. Sometimes when a deal sounds too good to be true, it often is. dodgy developers will tell you all sorts of rubbish to entice you to purchase, they will even include it in your useless contract. Gary Robb was offering a massive 20% discount if you paid in full up front in a boom period, again too good to be true. Proceed with extreme caution if you have to proceed. However judging by your posts on both the blossom threads I suspect you are the developer not a customer.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
04/12/2008 20:06

Tang,

I would deffo check out the small print on that deal mate good luck,

Paul.

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
04/12/2008 21:24

The figures quoted are wonderful but will offer a guarantee - you will never receive a penny.



The only way any developer would offer a return like that is if the property is vastly over priced so they will already have YOUR money to pay it back.



As for completion date, the rate Turkish building workers are leaving there will be nobody to build the place.



Msg 19 has it spot - if the deal sounds too good to be true, it is!!!!!!