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The process of buying an off plan house does take time but it can
be very exciting visiting the site as the development progesses.We
can offer you every service you will ever need at all stages of
your purchase, however much you want us to intervene or help we
will always respect your wishes. |
| New Atlantis Project, Apartments & Townhouses |
Date |
Progress |
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July 2004 |
See Artist impression at Estate Agents, discuss options with agents.
Meet with Developers, architects and solicitors. |
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July 2004 |
Inspect proposed site. Pay reservation Fee. Instruct solicitor to
act & commence search and purchase procedure (similar to UK).
Have informal discussion with Bank re; mortgage facility. |
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Sept 2004 |
Ground broken, foundations laid and structure for walls starts.
Paid balance of Deposit (£15100) and agreed mortgage with bank
via solicitors. |
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Oct
2004 |
Walls taking shape, agreed drawdown of funds (£13500) with
Bank via solicitor. |
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Nov 2004 |
Further progress on wall structures and skeleton |
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Dec 2004 |
Further progress on walls and brickwork, winter is best time to
pour cement. |
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Jan 2005 |
Brickwork and plastering complete, paid next drawdown (£8100)
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April 2005 |
Windows & doors in, Roofs in place, outside ready for facias
and painting. Flooring & tiling completed, agreed further drawdown
of funds (£8100) |
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May 2005 |
Big hole appears for swimming pool, reinforced with concrete and
ancilliary services installed. Underground changing rooms and shower
area also prepared. |
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July 2005 |
Pool tiled, palm trees in planted, not long to go now! |
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Nov 05 |
Complex completed on time and on budget as agreed. Final drawdown
of Funds (£7900) made after completion survey and inspection.
All services connected and working. Now ready to move in, just have
to buy the furnishings and jump in the pool. Total cost has been £53,400,
the market value is in the region of £70,000 so the advantages
of buying from new can be seen. |
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| New Atlantis Project
This complex was built on time and to schedule by the Marecon company. The architects and developers liaised colsely with us to ensure that all
the internal fixtures and fittings were satisfactory for us, we chose all the tiling throughout the apartment chose colour schemes for the
kitchen. |
Purchase method
The apartment was purchased by initially paying a reservation fee, agreeing terms and conditions. The deposit was paid within a month and the
balance of the purchase price was drawndown forom the Mortgage company in stages as shown above. Upon completion when the services were connected,
the final payment was made and the property was handed over. The only other payment will be £200 in 1-2 years time when the titles are
drawn up in the buyers names. |
| Professionals used in the transaction;
Estate agents and coordinators: Leo and Daisy Avraamides.
Solicitors: Andreas Demetriades & Co, Law Office
Bank: Emporiki Bank (Bank of Greece), Kennedy Square, Pahpos
UK Deposit by: Fifeloans www.fifeloans.co.uk
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| Leo & Daisy Avraamides enjoying a coffee after lunch, were a great help during and still after the purchase of the apartment. They are fluent in English and have international experience in Land and property sales. |
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