Income from renting out apartments: Average daily rental price: $98 Average occupancy off-season: 72% Profit after expenses and taxes per year: $25,944 (16.4%)
Income from purchase and sale: Purchase price: $79,200 Sale price immediately after completion of construction: $97,240 Profit: $18,040 (22.7%)
*Costs and taxes for the sale of an object are calculated individually and depend on various factors. General costs and taxes: Notary fee 1% (shared with the buyer 50/50) Property sale tax 11% (shared with the buyer 50/50)
Property Ownership Terms: Installment plan: Initial payment 40% Management company: Ribas Hotels Group Type of land and real estate ownership: leasehold 25 years + extension 25 years Completion date: Q4 2026