GEM Estates (Global Emerging Markets) was established in 2004 in direct response to the biggest shift in the recent history of the overseas property market. Suddenly buying a home abroad became so much more than just a holiday bolthole on the Côtes, Costas or Keys and the world became the property investor's oyster - with 'emerging' the new buzzword. Emerging markets however are not for everyone.
Over the years GEM Estates’ has forged relationships with a number of clients who perhaps favour lifestyle considerations over investment. Possibly finding it hard to envisage a finished product from architect's drawings these buyers are drawn to more established markets where they can get on a plane, visit the area, see completed properties and make an informed decision. GEM Established is the solution.
Running alongside the emerging market business, our portfolio covers classic holiday destinations across the globe including Portugal, Cyprus, Spain, USA, Dubai and Turkey where the recipe is right for warm weather, vibrant cultures, easy accessibility and plenty of Blue Flag beaches and first-rate golf courses to keep the whole family amused. Naturally lower risk than the emerging markets, these established destinations offer steady capital appreciation, tried-and-tested rental opportunities and of course the added bonus of a holiday home for sunshine breaks.
GEM Established is now working alongside with a range of reputable developers, many of whom we’ve partnered for several years promoting their emerging market products, and whichever country appeals you can be assured that we’ve checked out bank guarantees, escrow accounts, financing options and licenses on your behalf.
Here are a couple of morsels to tempt…
Starting with Spain, the founding father of holiday destinations, this country remains as popular as ever. One of the most accessible countries for northern Europeans, Spain’s tradition for family beach and golf holidays has turned it into a leading market for overseas property purchase.
Just 20 minutes’ drive from Granada, home to Spain’s most visited monument, La Alhambra, is the countryside development of Mirador de Iznalloz which is priced from an unbelievably low 65,209 euros proving that ‘established’ doesn’t have to mean ‘expensive’. The one two and three bedroom apartments are nestled into a traditional village with plenty of bars, shops and restaurants whilst golf, a watersports lake, beaches and the majestic Sierra Nevada ski resort are all within easy driving distance.
With stunning views, all properties at Mirador de Iznalloz have fitted kitchens with appliances, underground parking and storage plus the benefit of a swimming pool, paddle tennis court, barbecue area and pretty gardens. Prices start from 65,209 euros for a one bedroom apartment and payment terms are 3,000 euro deposit, 30% on private purchase and 70% upon completion scheduled for the end of 2009. Bank guarantees and build licence are in place.
Moving onto Cyprus, sitting at the southernmost point of Europe, this country is steeped in history and myth. The birthplace of Aphrodite, the goddess of love, the island has been settled since around 9,000 BC and is famed for its beautiful beaches, fantastic climate and friendly people. One of Britain’s most beloved isles, after its own of course, northern Europeans have been house-hunting and holidaying in Cyprus for decades.
Within Cyprus’ most renowned award-winning golf resort just a few minutes from Paphos you will find the key-ready development of Apollo Heights. The one and two bedroom apartments alongside three bedroom semi-detached villas share communal pools whilst the ground-level properties have the option of a private pool within their own garden.
The 18-hole Cabell Robinson golf course is on the doorstep of Apollo Heights as is an outstanding Spa facility. Membership to both is available, and in some cases included, dependent on the property purchased. The resort’s village square with tavernas, restaurants and supermarket is within easy reach meanwhile the sandy beaches are a mere five minute drive.
The developers are currently offering a unique 15% discount and free furniture package on selected units, this equates to a discount of more than 100,000 euros in some cases. Prices start from 312,000 euros for a discounted one bedroom apartment which is complete and ready to move into. Up to 70% finance is available.
News submitted by Sarah Drane, GEM Established