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21-August-2008
Award-winning Property Investment Ticks All the Boxes
Overseas property investment specialist, Obelisk, has a passion for excellence and the company’s determination to offer superior standards and high professionalism at all stages of property investment has reaped its rewards.
Interview with James Gonzalez
Capital 68: Purchase Process
For the Capital 68 development a simplified purchase process and advantageous payment structure has been negotiated for all Obelisk clients. The process can be broken down into the following steps:
- An initial reservation fee of £1,000 will secure your chosen apartment.
- A deposit payment of approximately 20% of the purchase price is to be paid upon signing of the contract. The reservation fee amount is deducted from this payment price.
- A second payment of £3,150 for infrastructure is to be paid 6 months after the initial down payment.
- A third payment of £3,150 for infrastructure is to be paid 12 months after the initial down payment.
- The final payment, approximately 70% of the purchase price, is to be paid upon completion in Euros, for which a 70% loan-to-value mortgage* can now be applied for in Bulgaria.
- For our pricing comparisons we show an example using an exchange rate of €1.27=£1. The average rate of exchange over the last year however has been €1.35=£1.
*Subject to status.
Get more details on Sofia Tax and Mortgage.
Disclaimer: All prices quoted are only a guide for the investor. The final payment is in Euros, which may be subject to change due to currency fluctuations.
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