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Research Required on Properties Marketed as Frontline |
| Written by Obelisk | |
| Thursday, 04 October 2007 | |
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Frontline coastal properties are highly sought after due to their prime location, but Obelisk warn that ensuring a property is indeed ‘frontline’ makes all the difference when it comes to lucrative property investment. Most experienced property investors know that a successful real estate investment means finding the right properties, in the best locations and entering the market when prices are still competitive. Knowing that nothing can be built in the future to spoil the view is essential, especially when buying a property with sea views. Many investment properties especially ‘frontline’ beach properties can fall prey to land developers purchasing the exclusive land in between the beach and the existing first row of properties. If this land is developed, blocking the all-important sea view, the ultimate price to pay could be devaluation of the investment. Obelisk’s Investment Director, Kevin Prior comments ‘Being selective is a key factor in a lucrative overseas property investment, and particular attention to detail is a prerequisite when dealing with the emerging markets. Frontline should mean on the beachfront and certainly not behind a coastal road or set back, leaving the property open for further developments and blocking the sea views’. Beachfront property has long been a favourite with both local and foreign property buyers and of course the tourist. Due to the location, this type of property generally commands a premium price, and largely exceeds normal capital appreciation and yields. Obelisk’s new project, Kavarna Bay Resort has a natural landscape, which ensures that every property will enjoy stunning south facing sea views. The complex is in a highly prestigious location within secure grounds and boasts extensive, luxury facilities including a unique glass elevator, which descends directly onto the beach. Mr Prior concludes, ‘Kavarna Bay offers Obelisk clients the opportunity to purchase a beachfront property which lends itself to an excellent resale market and a consistent year round rental market, with the added assurance that nothing can be built in front of the resort’ For more information on overseas property investment and the Kavarna Bay Resort project, contact: Obelisk on 0808 1600670 or email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or visit our website: http://www.obeliskinternational.com/
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