 |
|
|
Do you have a yen for an overseas home?
23rd July 2008
Despite the UK credit crunch and the poor performance of the pound, one of Europe's upmarket house builders is bucking the trend.
Despite the UK credit crunch and the poor performance of the pound, one of Europe's upmarket house builders is bucking the trend reporting its best half year results yet, as its buyers turn to the currency click to reap the benefits of their investment.
CLC Estates has developments in Spain's Costa del Sol and Bodrum in Turkey, as well as Cornwall and Perthshire in the UK. The company has 25 years of experience and has built some 2,000 properties since its launch, ranging from one bedroom apartments to luxury three bedroom townhouses, all in some of the most sought-after locations in Europe.
This year the company has reported a 14 per cent sales increase. Paul Smith, Director of CLC Estates says, "We're seeing more and more customers taking the time to research the best mortgage rates available  it might be a Swiss franc or yen mortgage which offers better rates than the UK - and consequently they're reaping the benefits."
"For example, unlike the UK where the expense can be prohibitive, for only Â200 (£159) homeowners can switch between currency mortgages. You can have up to the minute currency rates texted to your mobile phone these days and many of our clients are prepared to do their homework to ensure the best investment return."
Paul Smith says one of the unique selling points about CLC's developments is its attractive leaseback programme. "CLC Estates offers a unique leaseback agreement whereby investors receive a guaranteed rental return for 10 years at 1 per cent over the Euribor of the purchase price. This, combined with the fact that our developments are in sought-after locations in prime areas and our developments are quality built and interior designed, has contributed to our success. The average price of our latest holiday home developments in Spain is Â400,000, so at this luxury end of the market the credit crunch is not as aggressive, which has also helped. Our sister company, Club La Costa, is one of Europe's leading timeshare companies. Many of their members have taken the next step up from timeshare, moving into property investment and that has also had a positive impact on our sales."
CLC Estates' latest developments include 30 townhouses with sweeping sea views at Rancho Santa Fe near Marbella and a prime beachfront resort complete with spa, sports, shopping and dining amenities onsite, north of Turkey's equivalent of St. Tropez, Bodrum.
Rancho Santa Fe is an eco-development of 30 two and three bedroom townhouses complete with their own private Jacuzzis on the rooftop terraces, a plunge pool, garden and garage. Eco features include solar heating and a unique natural underground air cooling-heating system.
At Akbuk on the Aegean coast near Bodrum  famous for its clear water and unspoilt beaches  there are just seven luxury apartments remaining at CLC Estates' luxurious Adonis development. Prices start from just £95,000 including a full furniture package. The company is offering a unique four year leaseback deal, giving a guaranteed 6 per cent return per year on the net price, despite the fact that the properties are only taken into the rental pool for 24 weeks each year allowing owners plenty of time to enjoy their own holiday homes overlooking a virgin beach.
CLC Estates is currently offering a three night inspection trip to Spain for only £139 per person which includes flights, transfers and accommodation and viewing trips to Turkey can also be arranged. Further information is available from www.clcestates.com or call 020 8358 4113.
For more details visit: www.clcestates.com
For more details visit: www.clublacosta.com
|
|
|
|
|
 |
 |
|
|
 |
|
|
| Encantada, Orlando, Florida |
|
|
|
|
|
 |
|
|
| Kusadasi Golf & Spa, Turkey |
|
|
|
|
|
 |
|
|
| Hustyns, Cornwall, UK |
|
|
|
|
|
 |
|
|
| Rancho Santa Fe, Costa del Sol |
|
|
|
|
We're seeing more and more customers taking the time to research the best mortgage rates available  it might be a Swiss franc or yen mortgage which offers better rates than the UK
