Prices From:

£ 29.000

Payment terms

€3000 euro reservation
50% of balance on contract
10% of balance 6 months following the reservation
Remaining balance on completion on or before June 2011

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Equity Cash Back

Equity Cash-Back

Upon completion of your property, and in line with the opening up of the mortgage markets due to take place in 2010, clients will have the opportunity to take out a mortgage in Tunisia from a Tunisian bank or from a large European bank, a number of which have already started to open up branches in the country. Depending on the amount of finance that is required, additional equity can be taken out from the lending bank since the final payment on properties in the Dunes is 40% of its purchase price.

For example if you wish to take advantage of a:

50% mortgage on completion you would receive Cash Back of 10%.
60% mortgage on completion you would receive Cash Back of 20%.
70% mortgage on completion you would receive Cash Back of 30%.

Furthermore, since the bank will base their loans on the value of the property upon completion in 2011, and not on the initial off-plan prices that the properties had been sold for, it is very likely that much bigger cash backs can be received. For example, even if we assume very modest capital growth of 25% per year during construction, a property which costs €50,000 to purchase will be worth €78,125 upon completion in 2 years. If 50% finance is taken out, this will represent a loan from the bank of €39,063 (50% of the value upon completion).

Since only 40% of €50,000 is required or €20,000 in real terms for the final payment, an additional €19,063 will be at your disposal, representing equity cash back of nearly 49%

Prices From: £ 29.000