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| Mr. & Mrs. K - 3 bedroom villa with
private pool |
Mr. and Mrs. K purchased an ‘off plan’ property in 2001 as their permanent retirement home in North Cyprus, with an 18 month build the finish date coincided with their retirement in 2003. After 2 years in the property the couple decided to down size and head for a property with no stairs. What was purchased as a retirement home ended up being a retirement fund with a superb capital appreciation over 4 years. |
| Purchased: |
August 2001 |
 |
| Purchase price: |
£77,000 |
| Type: |
off plan |
| Proprty sale price: |
£180,000 |
| Sold: |
April 2005 |
| Capital appreciation over 45 months: |
133% in 45 months
(35% per annum) |
| Total gross profit: |
£103,000 |
| Period of time: |
45 months |
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