If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.
Loan Installment Calculations:
Closing Price: €1,650,000
Own Contribution (35%): €577,500
Loan Amount (65%): €1,072,500
Interest rate: 3.8%
Years of repayment: 15 years
The building consists of 9 apartments, 6 of them are two bedrooms and 3 are three bedrooms.
3 bedrooms apartments are 113m2 plus 19m2 balcony, store room and covered parking.
2 bedrooms apartments are 81m2 plus 16m2 balcony, store room and covered parking.
it’s a modern constructed court (the construction already started, summer 2019 will be completed) in 744m2 plot
The building located in a very quiet area of Limassol city center close to Agias Filaxeos street and only 800 m from Laniteio School ,
with perfect position and easy access to the highway, close to all amenities schools and public transport.
Another added investment benefit of the property is the owners are selling the company that owns the building so there is no vat to pay.