+35799838769
End-toEnd Deal Management
Cyprus West-Coast (Paphos, Coral-Bay)
Private and corporate customers
Tailor-made for customer's specific needs
ASSET IN CYPRUS
THE DREAM
Real estate in European countries and in Israel grows extremely expensive
People wish to buy assets abroad either as an investment or for personal use,
but find it hard to focus on the right location
Moreover, most of them lack the know-how, skill-set and time to materialize their dream
Companies dealing with real-estate abroad sometimes create bad reputation,
a fact which keeps investors away
What We Do for You?
My team and I manage your asset's purchase-deal end-to-end, from vision to realization,
in a professional and transparent way,
without acquiring ownership or any property rights on your asset
ABOUT ME
NITZAN PARDESS
Real-Estate Entrepreneur
& Hi-Tech Leader:
• Vast real-estate investments in Cyprus & Israel
• CEO & Founder @ Four-Dimensions
• Establishment of Global Sales Operations, @ EyeClick @ QniVerse
Former Executive, Israel Prime-Minister’s-Office
Global Player:
• Citizen of Portugal (EU), Israel
• Speaks English, Italian, Spanish and Hebrew
• Resided in Europe, Asia, USA, Israel, and Latin-America
Relevant Skill-Set:
• Certified Advocate, Israel Bar Association
• Executive MBA, Magna Cum Lauda, BIU Israel
• LL.B. Dean’s Honors, Buchmann Faculty of Law, TAU Israel
MY ASSOCIATES
• Carefully selected estate agents
• Leading real-estate lawyer
• Leading accountant
• Bank of Cyprus (International Business Unit)
• Insurance company
• Asset management company (in rentals)
• Building management companies
• Real estate evaluator
• Architect, internal-designer
• Reliable constructors
ASSET PURCHASE IN FIVE STEPS
1. Together we will define your need and specific requirements
2. We will scout/short-list appropriate assets which fit your need, you will decide on the winner asset; we will successfully complete AML (Anti Money Laundering) procedure, and will open bank account with Bank of Cyprus
3. We will perform all checks required (title-deed; encumbrances; 3rd parties; plans and permits VS. reality; regulations etc); we will draft an agreement, and both sides will sign
4. We will close all legal, financial, operational and management aspects, ownership will be transferred, possession will be taken
5. If you'd like to rent the asset for long-term we will find you a tenant; if you'd like to rent it on short-term (Airbnb/Booking) we will accessorise the asset, advertise it and start getting orders from guests
Project Scope
5-7 months
Deal Management Fee
7% of purchase price (VAT excluded)
Deal's Size Promotions
on the sum higher than euro 400,000 - 6.3%
on the sum higher than euro 800,000 - 5.6%
on the sum higher than euro 1,200,000 - 5.0%
Returning Customers Promotions
2nd deal - 10% discount
3rd deal (and on) - 20% discount
NEED
2-3 Meetings
10% of deal's management fee
Define purchase goal/s
Introduce Paphos to the investor
Transfer relevant knowledge
Budget, financing, restraints, schedules
Design customer's specific requirements
SCOUTING
~ 1 Month
20% of deal's management fee
Field work in Cyprus to allocate appropriate assets
Short-list 3-5 runner-up assets
Provide assets-files to the investor in real-time
Make a proposal on the winner asset
Take the asset off the market, by depositing few thousand euro
AGREEMENT
1-2 Months
30% of deal's management fee
Check asset's registration, encumbrances, etc.
Approval of real-estate deal to a NON-EU citizen
Open a bank account (requires certain documents)
Optional: asset's evaluation and/or check-up
Set agreement terms with vendor
Sign agreement, pay ~30% of purchase value
OWNERSHIP
2 Months
30% of deal's management fee
Self-financing, a loan in origin country or a mortgage in local bank; documents aggregation
Receive tax-authorities and municipality approval (vendor's responsibility
Asset's insurance; life insurance (mortgage)
Transfer utilities agreements: electricity, water, etc.
Introduction to building management company, and to asset management company
Transfer ownership in land registry, complete payment 100% of purchase value
BUSINESS
~ 1 Month
10% of deal's management fee
Decide: short-term or long-term rental
Accessorising asset accordingly
Short-term: open Airbnb / Booking / alike, content, photos, advertisement and optimisation
Long-term: sign a contract with first tenant
RETURN ON INVESTMENT (ROI) TYPES
The required investment depends on different parameters,
such as the asset's type, size, location, condition, communal area etc.
In general terms (Paphos):
1 bedroom apartment will cost 130,000-160,000 Euro
2 bedroom apartment will cost 170,000-220,000 Euro
2-3 Bedroom townhouse will cost 230,000-260,000 Euro
Villa will cost 450,000-600,000 Euro
The expected return on investment (ROI):
SHORT-TERM
RENTAL
Profitability
7.5-10%
Annual Net Profit
LONG-TERM
RENTAL
Stability
5.5-7%
Annual Net Profit
RESALE
Capital Gain
In recent years, average asset’s value increases 10% a year
PERSONAL USE
Charming Getaway
All-in-one
Great value-for-money
Short flights Israel / EU
320 sunny days a year
1 of 5 safest countries
PAPHOS GROWTH
Holiday Destination 365 Days
"Paphos is dominating the starred hotels market... Paphos has the most units in Cyprus, the majority of which belong to the "other" category (no-stars hotels, apartments, villas etc). These are being rented out short-term"
Regional High Education's Hub
“IDC Herzliya and the city of Pafos established the Pafos Innovation Institute, which launched the international program for entrepreneurship in February 2019... Following the successful operation of Neapolis University and the recent decision by the Technical University of Cyprus (TEPAK) to set up a tourism school, the AUB (American University of Beirut) will inject new interest and boost the property market”
Paphos Marina
“….Paphos Marina, due to its strategically advantageous position... remains one of the most important projects for Cyprus. It is no coincidence that it should become the largest on the island with a capacity of 1000 ships, because Paphos is a point of attraction for this type of tourism from all over the Aegean Sea ”
REQUEST OR INQUIRY
Please fill-in your request or inquiry, and we shall contact you back within 48 hours
