Frequently asked questions

Q Do the villas have a 10year guarantee, similar to the British NHBC? A On completion the villas have a certificate by a structural engineer against any structural defects, and further we maintain these villas therefore we would make good any problems. Q What are the rates and taxes on the villa? A There are no rates or taxes on the properties other than a small charge on the electricity bill for refuse removals and similar community charges (minimal) Q How many years can a rental contract be agreed for? A Usually 3 years, but can be up to 7 years, subject to villa quality and location. Q At what point in a villa’s purchase can a client sign a contract for a guaranteed rental income? A When the villa design is chosen, before build begins. Q Is this time frame variable? (ie before/during/after build) A Any time after the villa design has been chosen.

Q I have heard that a new tax has recently been introduced on property, of around 19% of the value? A A new tax has been levied on new build property effective from January 2006, which only applies when selling on the property. This tax is based on the taxable value and not the market value and is not paid by the Vendor. Q Is the payment by the Tour Operator made annually in advance, or as a lump sum, or a combination of the two? A Payments are made May-October and can be monthly/bi-monthly - whatever preferred. Q Is there any Capital Gains Tax? A No, there is no current Capital Gains Tax.