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Why use Ginkgo Properties? |
Ginkgo was set up because many clients were buying
abroad and not getting the
help and support they felt they
should be getting. The thing that makes us different
is that
the developers we have relationships with are UK based, in
that they either
are UK companies or they are foreign
companies with an established office in
the UK. |
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What are the benefits of buying abroad? |
| Choice is the main benefit as well as price.
Those
buying abroad do so to either secure for themselves a 2nd
home or holiday
home or they are looking for an investment
that will provide growth and income for
the years ahead.
We have relationships with builders in 11 countries with
a wide choice on prices
and finance options.
There are city 'buy to lets' in Berlin and Sophia and
holiday lets in most countries
as well as some commercial
options in Dubai.
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How much deposit will I need? |
In most countries one will
need to have a deposit of between 25 -30 % though
there are the odd circumstances where a 10% deal is
available.
There are now also 100% finance deal available in the
Caribbean and in Bulgaria.
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What financing help is there? |
There are overseas mortgages available either through
the developers connections
or sourced independently through
overseas mortgage specialists like Conti.
Some clients opt
to buy 'cash' and can do so by raising funds out of their UK
homes.
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Where should I buy for the best investment? |
| The 'BIG' question!
Once we have had a meeting to ascertain your
expectations, we can then work
with you to find the areas
and types of properties that best match your brief.
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Can I rent out my property? |
| In most cases, yes.
Rental deals are available on most
of the developments with some offering
guaranteed rentals
for anything up to 10 years at 8%. Most guaranteed deals
are
for 2 or 3 years at a rate of around 6%
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What are the Tax implications to owning a second property? |
This is an area for your accountant or tax adviser to
step in as they will best
know your full circumstance and
how best to mitigate tax.
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Can I see my property before I buy it? |
In some cases this is possible though most purchasing is
done 'off plan' which
means you will be buying a property yet
to be built. Most developments have
finished properties
which you can see or they can show you other developments
they have completed.
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What does the process involve? |
Deciding to buy then meeting to decide the parameters of
what it is you are after.
then meeting the developers, here
in the UK and/or arranging a visit to the site.
Paying a
reservation fee to secure the property of your choice.
Arranging the finance
Then paying the deposits and staged payments until the
property is ready for
occupation.
We will keep you fully informed on the progress and any
options to maybe sell
on before completion as this sometimes
offers a quicker return on your initial i
nvestment.
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What is Fractional purchasing about? |
Fractional purchase is a way in which one can buy a
property abroad along with
others and collectively share the
ownership including sharing the costs and future
capital
growth profits.Depending on the amount of time one
expects to use the property one can share
ownership with up
to 12 others. 1/4 shares are most common and give a
legal
framework for collective purchase and, more
increasingly, being used for joint
family ownership.
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