HALCYON HILLS

Samos, The Greek Islands

Welcome to Halcyon Hills, Samos, The Greek Islands

Overview
Own Property Worldwide is proud to present Halcyon Hills, a 5* boutique spa and marina resort in the off plan stages of development. Located on the South East coast of Samos, the resort has a number of unique qualities which make this a truly superb investment.

This front line development will be finished to an exceptional standard and upon completion in 2011, Halcyon Hills will become one of the key hotel resorts in Greece, targeting the in demand luxury tourist sector. Features of the resort will include a world class spa, marina, tennis courts, gymnasium and a number of bars and restaurants - including a signature fine dining restaurant.

Halcyon Hills is a unique concept within the property market. Many residential complexes are sold ‘off plan’ around the world, however this development is different. It will be a world class hotel managed by a leading hotel operator, giving investors complete peace of mind as they not only benefit from the growth in the property’s value but also profit from the returns of the revenue generated by the hotel.

Key Benefits of Investing in Halcyon Hills

• Only 209 properties on the resort, all with superb sea views
• Proven demand
• 42% BMV pricing
• 100% assisted finance
• Guaranteed mortgage
• 5% per annum cash back on your 30% deposit payment OR pay 15% now and 15% in a year’s time.
• 4 weeks free usage per year
• Guaranteed rental yields of 8% for 2 years after completion
• 50/50 split with hotel operator thereafter           
• Government funding

 

Why Invest In Greece?
Only 3.5 hours away from the UK, Greece is the 3rd most popular tourist destination amongst British holiday makers and it sits in the top 15 most popular tourist destinations in the world today.  The significant regeneration investment carried out for the 2004 Olympics has boosted tourism figures and the Greek government currently has an initiative to increase tourism by over 50% by 2013. The Government are also investing £650 million to increase tourist numbers focusing on 4 and 5 star accommodations by easing planning laws and making ownership easier for foreign buyers. The tax system has also been simplified with fewer taxes for investors.

Why Samos?
Samos is the 8th largest Greek Isle and its popularity is growing all the time. The landscape is breathtaking with two mountains creating a stunning backdrop along the coastline. Samos had the largest ancient temple in Greece, and with two cities there are plenty of shops, restaurants and waterfront bars with pretty fishing villages leading to cobbled backstreets.  Access to Samos is excellent, with direct flights from the UK in peak season as well as connecting flights from Athens and two ferry terminals. Only 11% of tourism is currently made up of Brits with a staggering 40% of Samos tourism being from the Greeks themselves. Other key markets include Scandinavia, Germany, The Netherlands and Austria – all have direct access to Samos. There is currently only one 5* hotel on the island, The Doryssa Bay, leaving visitors no other choice in luxury accommodation.  The 5* hotel runs at an occupancy rate of 83% (an independent hotel and therefore currently only open 214 days per year) proving there is high demand for 5* resorts on the island.

Exit Strategy
With most other property developments, timing is the most important factor when looking to sell.  Halcyon Hills is such a unique investment is suits any timescale:

Short term:

•  Complete & Furnish 
• Two years 8% rental guarantee
•  Exit on back of good growth and guaranteed rental income

Medium term:

•  Hold until 50/50 room rate return
•  Exit on the back of excellent growth and good rental yields, once the
    resort is established.

Long term:

• Hold for a long term income stream, on the back of the resort’s success

With prices starting from £176,000 for a studio to £735,000 for 3 bed premier villas, contact Own Property Worldwide NOW for a full Halcyon Hills brochure and more information.