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Pricing and Financials

View of Tigne Point from the Fort

 

A 25% co-ownership share in our Tigné Point development is available for only  €165,000.  This price is fully inclusive and comes with a no risk guarantee.

The price is inclusive of all taxes and duties but does not include the cost of local legal advice at the option of investors.

Payment Terms and Financing

Our payment terms are 40% down payment on signing with the balance payable within six months.

We are able to offer additional financing over up to 5 years at very competitive rates to qualified buyers.  If you are interested in obtaining financing for your investment in a Fractional Development Express property, contact us using the form or email us at finance@fdexpress.co.uk 

Return on Investment

Average daily rental on apartments at Tigné Point is €205.  Assuming 60% occupancy, this could provide a gross rental yield of 5.9% on your investment. 

Management Levies

Management levies are set at 25% of operating costs (appr £7,000 pa), reduced by the share of rentalincome earned. a 1 week share. This enables us to offer you a hassle-free holiday experience and shared maintenance costs.

Your levy, if required,  is due from the month of signing.

The levy covers:

  • all insurance

  • all maintenance

  • estate levies

  • groundrent

  • furniture and fittings replacement fund

  • Tigné Point pool membership

  • water and electricity

  • cleaning services

  • auditors and financial reporting

  • cable tv

  • broadband internet

  • rental advertising

  • holiday exchange clubs membership

  • our management fee 

Potential for Investment Growth

Property appreciation is clearly something that Fractional Development Express cannot guarantee. As with all investments, prices can go down as well as up.  Government statistics of the development of apartment property prices in Malta over the past ten years show good historic appreciation, with a dip in 2008 due to the credit crunch, followed by a recent return to trend.  Apartment prices closely follow the national property average.

The developers of Tigné Point expect that appreciation in this exclusive development should exceed the general national average for apartments in Malta.

Tax Implications 

While we are unable to offer you detailed tax advice, we are able to let you know that Malta has a favourable tax structure, with no property taxes and low tax rates for foreign residents.   Tax rates as low as 15% are charged on income brought in to Malta by retirees who take up residence.  

There is however a capital gains tax on property transactions.  Investors who sell their share should take this into account.  Fractional Development Express is able to advise investors of the capital gains tax consequences in Malta, but unfortunately cannot offer specific advice pertaining to tax implications within investors home tax jurisdiction.