Whiterocks Resort - Bafra, Northern Cyprus - Rental & Exchange from the Estate Agents Direct

Our Rental & Exchange partner, Group RCI is one of the biggest and most experienced in the world with over 3 million members and boasting over 1 million reservation bookings annually. Group RCI market your property Worldwide via a range of integrated campaigns effectively exposing your property to a vast worldwide database. Maximising the income from your property. But this is not all. Uniquely you will also be able swap weeks in your own property for holidays in the Worlds most popular locations.

Through the R&E programme, owners can exchange “use time” in their assets with owners of comparable real estate assets, as well as an array of additional services.  Additionally, owners can generate income by renting their asset through Group RCI’s successful rental channels.

What’s more RCI will provide you with 70% of the rental income year after year.  Alternatively exchange your weeks for points and travel the World.

Buy a luxury fully furnished apartment for £567 per month and earn £780 per month via our Rental & Exchange programme!

Based on a property costing £86,680 (incuding furniture and fittings):

Average monthly rental income forecast = £780

Average monthly mortgage based on a 100% mortgage = £567

Monthly maintenance cost = £60

Total outgoings = £627

Gross profit = £153 monthly

How are the above figures calculated?

Total annual rent ( from the table below) = £19,130

30% to rental partner and 70% to the owner = £13,393 to owner

Our figures are based on a realistic occupancy rate of 70% = £9375 (£780 monthly)

The mortgage based on a 100% mortgage, £85,180 @ 8% per annum = £6814 (£567 monthly)

Based on a 70 % occupancy the yield = 11%

Based on a 80% occupancy the yield = 12.4%

Note the above yield calculation includes the furniture in the calculation. The true yield is therefore higher. 

Our Rental & Exchange partner is one of the biggest and most experienced in the world with over 3 million members and boasting over 1 million reservation bookings annually. We will be announcing our partner in this world first initiative very soon.

 Forecasting

As developers we prefer to look at the worst case scenario when buying land and developing out a site. Equally be believe realism is important for our customers. Too many developers are promising capital appreciation which is at best optimistic and at worst irresponsible. Northern cyprus is probably the most exciting emerging property market in the world at the moment. Prices remain significantly lower than anywhere in europe but this will not remain like this forever. Formal talks between north and south commence on the 3 Sept 2008. All indications are there will be a referendum on both sides within the year. Significantly, both prime ministers have made it very clear reunifiction is their number one priority, in fact, they are close friends and have their respective electorates behind them. But don’t take our word for it, do your own research and due diligence.

 5 Year Forecast

The table below confirms the actual rent per week our rental and exchange partner will charge for your property and also shows the transferrable points total per week for your property. 

 Member Rental Returns (70% of Rental Price)

See the availability section of this website for further details of your dream home or contact us on Freephone (UK): 0800 328 0126 or N Cyprus: +90 392 8155 272 alternatively you can register for updates to be kept informed of special offers and progress in the development.