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New Developments

New Developments

Special Announcement:

 

November 2008

 

With recent events in the finance and property markets caused by the global Credit Crunch, Advantage Portfolio have taken the decision not to promote off-plan property opportunities at this time. Advantage Portfolio will continue to review the market, and will contact our subscribers once conditions stabilise and clear growth opportunities in projects and deals we research return. To subscribe, please contact us.

 

We believe there will be especially good opportunities in the secondary market, as distressed sales of apartments in locations with good rental prospects become more prevalent. We also anticipate excellent opportunities in new areas such as land rezoning.

 


Previous projects:

 

Sterboholy Gardens - Prague: A truly unique development with strong appeal to local owners and tenants

Sapphire Avenue, Warsaw

A very well appointed development designed for the emerging middle class in one of Europe's fastest growing cities.

Crystal Lagoon, Cyprus

Outstanding villas of the highest specification, just 150 metres from golden sand beaches, shops, restaurants and bars.


Crystal Lagoon - Pernera, Cyprus

 

Crystal Lagoon is fully subscribed. Congratulations to those of you who got in on this one and, if not, please register for advance information on our next deal.

crystal lagoon water

Updates:

April 2007:

Nearby, the town centre is being paved and there is a major investment into new infrastructure following the election of a new Mayor. The Fishing Haven now has a delightful cafe and the bars and restaurants have improved with several refurbishments and new additions.

The supermarket opposite the Crystal Lagoon gates has been enlarged and modernised and now sells virtually everything from sun tan lotion to fresh bagels.

Overall, we believe Pernera is responding to the shift in clientele from package holiday to independent traveller and we expect to see continued value being added in the next several years.

panoramo of progress
villas 16 to 21
villas 22-27
Panorama of progress
Villas 16-21
Villas 22-27
supermarket villas 35 to 39 pernera fishing haven cafe
Refurbished and extended supermarket
Villas 35-38
Pernera Fishing Haven earmarked for a marina
(250m from plot)

Original pictures:

Artists impression of street
Artists helicopter view
locator map
Artists impression - street level
Artists impression - helicopter view
Crystal Lagoon locator map
fisheye view of plot East edge of plot pernera fishing haven
Fisheye view of plot (from top of hotel)
Overlay of plan on east edge of plot
Pernera Fishing Haven earmarked for a marina
(250m from plot)
Plot plan ground plan upper floor
Plot plan
Ground floor plan
Upper floor plan
right beach right beach closeup pernera beach
Golden Coast beach - 150m from the gates
Golden Coast beach - watersports
Pernera beach - 50m from Crystal Lagoon plot

This opportunity bypassed the web site launch due to the interest it generated in our pre-release information. It sold out in just a few weeks to the pre-reservation list.

Location: Right in the heart of Pernera and close to multiple gold sand beaches.

Features such as Italian designer kitchens, plasma screens, heated pools and high end British interior design have been bundled with electic gates at the head of the development. These villas are desirable and exclusive and will especially appeal to young families due to its proximity to the leisure facilites of Protaras. We believe it will be the first choice for independent holiday makers.

Growth drivers include:

  • New Larnaca Airport: Opening in 2009, which will bring in up to 12m tourists PA. We see this driving a huge change in the Cyprus holiday market as pre-booked holiday packages are replaced with independent travelers who will want top quality rentals - driven by the budget airlines such as Ryanair who plan to add Larnaca to their routes.
  • Golf Courses: There are two planned golf courses nearby which will extend the rental season and increase the regions profile.
  • Lack of prime building plots: Cyprus is an island with a limited number of prime building plots available for development. Local developers estimate that development land will all be used within 5 years.
  • Euro-zone finance: In 2008, Southern Cyprus join the Euro. This will open the door to a much wider audience.

Crystal Lagoon is ideally situated in the family resort of Pernera and plots such as this, walking distance to the beaches and bars, are increasingly attracting a premium..

Crystal Lagoon villas are across the road from a rival development where a comparable 3 bed villa (Klio 26) is being sold at a 70% premium. And just as with the UK, prices are based on comparables - as this development sells, the price rises for Crystal Lagoon are assured.