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Dreams with sea views

01.01.2007
Author: Carol FRENCH
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More and more people in different parts of the world buys a house located next to the marina - parking for private yachts. This is a great choice for those wishing to value in investing in real estate as property by the sea ensures a steady income from rent, especially during the peak summer season. Buying residential complexes being built based on yacht owners, or the acquisition of a property in the secondary market for certain will provide a good capital gain.
What attracts buyers to residential complexes near the marina? This is both the anticipation of an evening boat trip, and the thought of a refreshing cocktail on a hot summer day on the terrace overlooking the sparkling sea and snow-white yachts ... The owner of such a property is always provided with an excellent seascape. Add to this a good income from renting out real estate for 8-10 months a year - and buying such a house will seem doubly attractive.
Real estate at Marin can be found in different regions. It is not at all easy to make a choice, and the final decision, of course, largely depends on the price. Buying in the Caribbean or Dubai, especially if it is a spacious villa, is likely to be expensive. However, you can find more affordable prices, for example in Morocco and even in Spain. Another option to save money is to make a purchase at an early stage of construction, and this is also quite realistic.

Paradise on the coast
The incredibly beautiful Spanish coast of the Costa Brava is a real paradise for yachtsmen. Estuaries and narrow bays give yachts a safe haven from the waves, and the coastal waters of Isla Medas, which are home to many beautiful fish of different species, are very interesting for diving enthusiasts.
"Costa Brava real estate is quite affordable," says Howard Taylor of the IPI Limited campaign. – Buying a house near the marina is a profitable investment, especially considering that land on the coast is highly valued. Such a purchase would mean a good capital gain. I started doing real estate on the Costa Brava in 1972, when a plot of land measuring 800 sq.m. The m was sold at a price of 3,000 euros. Now it would cost the buyer 442,500 euros."
Now Howard Taylor is waiting for the sale of real estate in the Santa Margarida complex, which is being built in the town of Empuriabrava. The entrance to the local harbor is perfectly adapted for both masted vessels and motor yachts up to 25 m long. To the north of the complex there are many beaches and coves, including the town of Port Ligat with its landmark – the house of Salvador Dali. In total, 42 apartments will be built in Santa Margarita with a price starting from 268,000 euros. Parking spaces for vessels up to 12 m long can be leased for five years or redeemed.
The approximate increase in the value of real estate in this part of Spain is from 12 to 14% per year. The monthly income from renting out real estate is at least 900 euros. This part of Spain is easily accessible from Moscow, thanks to the proximity of the airport in Barcelona, where direct flights from Moscow operate.

A house in the kingdom
Real estate at the moorings of Morocco is becoming increasingly popular. Luxurious beaches, calm sea, perfect for sailing, cities with vibrant life, magnificent climate, low cost of living - all this attracts not only tourists to this country, but also yachtsmen. The tourism infrastructure development program is supported by the Government of Morocco and personally by King Mohammed. As a result, the country's real estate market is developing intensively and can bring considerable profits to investors. The Arena Estates company offers real estate in the town of Le Jardin de Fleur on the Mediterranean coast of the Saidia resort. The complex will include an 840-seat marina and Oasis Golf & Beach Resort. Typical two-bedroom apartments cost from $412,000. The expected capital gain is 12%, and the estimated rental income is $1,200. Parking for the yacht is paid separately.
"Investing in real estate in Morocco is attractive due to the combination of the prospect of rising prices for it and monthly rental income," says Richard Lilise, managing director of Arena Estates. – We are convinced that Morocco will become one of the most popular countries for home buyers abroad. This is evidenced by the beauty of the country, rich culture, magnificent climate and low cost of living. In addition, it is planned to develop local airports, which will certainly increase interest in the region."

Luxury classics
The supply of residential real estate near the marinas is also growing in France, a country where yachting culture is as high as anywhere else in the world. The Cote d'Azur is deservedly considered the Mecca of yachtsmen, it is the local marinas that most often receive the most luxurious private vessels. Chesterton International offers buyers an apartment complex under construction in Baie des Anges between Cannes and Nice. The excellent infrastructure of the Baie des Anges pier and the tranquility of the sea will delight yachtsmen.
The complex, which has been named Le Palais de l'Oasis, will house 64 apartments with separate terraces. Now the price of apartments varies widely, from 185 000 to 1.77 million euros. Parking for yachts and their maintenance are paid separately. The expected capital gain is 12%, but it may turn out to be much higher if the tourist attractiveness of the Cote d'Azur is increased. The construction of the complex is planned to be completed in 2008.

Island life
Those who want to invest profitably in real estate can also be attracted by the Punta Perla complex, which is under construction in the Dominican Republic. The complex is located in the eastern part of the island of Haiti (Hispaniola, Hispaniola), in the center of the Greater Antilles. Due to its natural and climatic conditions, this area of the Caribbean Sea will be of interest to experienced yachtsmen. In addition, in this part of the Caribbean, the cost of real estate is much lower than, for example, in Barbados or the Bahamas.
The complex is located on a coastal area of no less than 1214 hectares, its residential part will include 8000 apartments, villas, mansions and townhouses. Most of the properties will be located in the immediate vicinity of the yacht marina. The project is being implemented by Paraiso Tropical. The construction is expected to be completed by mid-2008.
Currently, the average price of a one-bedroom apartment with a total area of 51 sq. m. m is $200,000, not including the cost of yacht parking. However, the price may increase in January, when the main part of the complex's real estate will be put on the market. According to experts from Punta Perla Sales, the annual profit from renting out real estate in the complex will amount to 8%. In their opinion, income can be increased by cooperating with tour operators in the region.
"Punta Perla will attract new investors who did not previously believe in the possibility of purchasing real estate in the Caribbean at an affordable price," says Mark Lynn, Managing Director of Punta Perla Sales. – The statistics of the tourist market also speak in favor of this. Currently, 3 million tourists visit the Dominican Republic annually. According to tour operators, the demand for high-quality apartments is constantly growing, which will maximize the investor's income in the future."

Canada is so different
Over the past five years, Canadian real estate has been steadily and steadily increasing in price. The main number of foreign buyers are British, in addition, residents of Ireland and other European countries also buy houses here. Newfound Property International offers apartments and chalets in the Humber Valley Resort residential complex in Newfoundland in eastern Canada. The complex is located near the Appalachian Mountain range on the shore of the freshwater Deer Lake. Located next to the marina, the complex is attractive not only for sailing enthusiasts. Canoeing, water skiing, mountaineering and golf – all this cocktail of entertainment has become the key to the success of the complex, which has won more than one international award, including the Homes Overseas Awards.
The average cost of a chalet at the Humber Valley Resort is $500,000. The cost of registration of property rights and loan documents depends on the price of the house and is equal to $4 for every $1,000, plus a fixed rate of $76. As a result, the paperwork for a middle-class chalet will cost the buyer about $ 2,000. Upon receipt of a mortgage, the cost of applying for a loan will be $ 1200. In addition, the value added tax must be taken into account when calculating the purchase price.

New items from Cyprus
Another country with a dynamic real estate market is Cyprus. Until recently, there were practically no modern marinas here, so now the development of yachting has become one of the state priorities in the field of tourism. And if so, then buyers have a chance to make profitable investments. The construction of the largest marina on the island is underway in Paphos, the total cost of the project is more than $ 200 million, apartments will be built on the territory, and a good infrastructure for yachtsmen will be created. In total, it is planned to create more than 1,000 parking lots for yachts up to 80 m long. It is especially convenient that one of the two Cypriot airports operates in Paphos.
"The new complex will attract a large number of investors from the European Union and the Middle East. In addition, its construction will significantly increase the flow of tourists in this region and help the development of the construction industry, – says Chris Hadiakiryaku, sales manager of one of the leading real estate companies in Paphos BuySell Real Estate. – Demand for houses and plots of land near the berths is constantly growing. The creation of a complex near the marina in Paphos is one of the best construction projects in Cyprus, thanks to which real estate prices in the Coral Bay areathey will become much higher."

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