Investing in Real Estate in Malta and Cyprus

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1 Investing in Real Estate in Malta and Cyprus ==================================== The Social Capital Foundation 135 rue des combattants BP 30, B 1310 La Hulpe Website: ==================================== Contact: realestate@socialcapital-foundation.is Telephone : The Social Capital Foundation 2012, All Rights Reserved /1

2 I. Mediterranean real estate in the current economic circumstances In the current economic climate, investors are looking for safe investments that protect their long-term capital. Real estate outperforms stocks and bonds over the long term and is less volatile than commodities and financial market investments. Gold is of course an attractive option, but still is of no practical use. The real estate market in the Mediterranean has been hit by the recent financial crisis and sovereign debt crisis. For example, prices in Malta have increased by 70% between 2000 and 2007 before falling by 20% between 2008 and 2011 and then began to increase again. The recent drop in real estate prices creates interesting opportunities. This market is all the more promising for investors as prices are significantly lower than those in Europe for a quality of the construction and finishing that is equal or higher, while quality of life is superior by far to the one of the major European countries. The Social Capital Foundation 2012, All Rights Reserved /2

Gold is of course an attractive option, but still is of no practical use. The real estate market in the Mediterranean has been hit by the recent financial crisis and sovereign debt crisis.

3 In addition, the tax environment is very favorable. For example, VAT in Cyprus is only 5% on the purchase of a first home or a primary residence. II. Why Invest in Malta and Cyprus? Smaller markets such as Malta and Cyprus offer more stability for investors than larger markets such as Greece and Spain, which are affected by strikes and social unrest. The Social Capital Foundation 2012, All Rights Reserved /3

4 The prices are lower than in the South of France or Italy. These countries have democratic political systems, unlike those of the southern shores of the Mediterranean. They are members of the European Union, while offering attractive offshore options. Unlike the Eastern low-cost countries such as Romania and Bulgaria, they are not affected by chronic corruption and speculation. These countries are safe, with rates of delinquency and crime that are particularly low in international comparison. Their air, ground and sea transport infrastructure is excellent. In these two former British dominions, communication in English is not a problem. The Social Capital Foundation 2012, All Rights Reserved /4

Unlike the Eastern low-cost countries such as Romania and Bulgaria, they are not affected by chronic corruption and speculation.

5 The healthcare system too is excellent. The education system offers international curricula. These countries are active throughout the year. The Social Capital Foundation 2012, All Rights Reserved /5

6 The climate is influenced by the sea and is typical of the Mediterranean with hot, dry summers and mild winters. The average summer temperature can reach 31 C (88 F) or more, and it allows beach activities and yachting until November. The Social Capital Foundation 2012, All Rights Reserved /6

The average summer temperature can reach 31 C (88 F) or more, and it

7 III. What kind of assets can an international investor acquire in Malta and Cyprus? A wide variety of properties is available on the market. The Maltese or Cypriot traditional house which can be very modern inside - is an option, be it urban or rural. Given the short distances, it is possible to live in a village without being isolated. The Social Capital Foundation 2012, All Rights Reserved /7

The Maltese or Cypriot traditional house which can be very modern inside - is an option, be it

8 New and modern buildings, luxury villas, apartments in a marina... are other possibilities. IV. How can an international investor buy property in Malta or Cyprus? TSCF analyses in detail the investor s needs, including their tastes, aspirations, plans, and budget. The Social Capital Foundation 2012, All Rights Reserved /8

How can an international investor buy property in Malta or Cyprus?

9 We perform an in-depth search, both remotely and on the spot, to identify 4 to 5 profitable investment opportunities. This range of options is then submitted to the investor for decision. Our research identifies all key aspects of the properties involved, such as their functional and structural characteristics, the characteristics of the environment and surrounding land, of the transportation system, supply system, local culture and climate, and the legal and tax The Social Capital Foundation 2012, All Rights Reserved /9

Our research identifies all key aspects of the properties involved, such as their functional and structural characteristics, the

10 conditions. TSCF performs a preliminary legal review, so as to identify beforehand all the terms and conditions and to ensure the legal security of the operation, and we draw up the legal acts required. This is an all-inclusive, tailor-made service that allows investors to find and come into possession of the property of their dreams in optimal conditions. The Social Capital Foundation 2012, All Rights Reserved /10

to ensure the legal security of the operation, and we draw up the legal acts required.

13 V. Properties in Malta and Cyprus Here are examples of properties that investors can buy in Malta and Cyprus. House of character in Gozo, Malta EUR 479,000 This recently converted three hundred year old farmhouse is situated on the outskirts of a village overlooking the evergreen Lunzjata Valley. The property consists of three bedrooms, a fully equipped kitchen, an old mill room as a sitting / dining room, two bathrooms (one of which is ensuite with main bedroom), a spare toilet, and a swimming pool and deck area. The Social Capital Foundation 2012, All Rights Reserved /13

overlooking the evergreen Lunzjata Valley.

17 Luxury detached villa near Paphos, Cyprus EUR 3,275,000 A luxury stone built 6 double bedroom property with pool, set in 9,000 square meters of private land in an unequalled elevated position (250m above sea level), 10 minutes drive from the coastal town of Polis/Latchi, and 15 minutes drive from Paphos. The Social Capital Foundation 2012, All Rights Reserved /17

elevated position (250m above sea level), 10 minutes drive from the coastal town of

18 The property offers unobstructed 360 degree views of the Polis-Latchi coastline along to the Akamas Peninsula, Droushia, Kathikas, also views of the Cedar valley forest and the Troodos Mountains. This individually designed property has top quality finishes throughout. The Social Capital Foundation 2012, All Rights Reserved /18

19 The property is entered via electric gates along its own 300m private stone walled drive, lined with palm, date, pine and various other trees and shrubs. The Social Capital Foundation 2012, All Rights Reserved /19

date, pine and various other trees and shrubs.

23 The 1,400m² penthouse enjoys views of the Mediterranean. It is located in the area of Portomaso yachting harbor in St Julian s, considered to be the most exclusive address in Malta. It benefits from several large terraces facing the sea of which one features a private pool. This property is finished and furnished to the highest standard. It comprises 2 bedrooms, a living room, a lounge room, a 100 ft living/dining area, a kitchen equipped with state-of-the-art appliances, and a separate breakfast area. There is also a fully equipped professional cinema room, study areas with terraces, a large games room with pool table and various video games, a gym, a sauna and steam rooms, a dressing room, maid s quarters, lift, various bathrooms/en-suites/guest restrooms. The games room, gym and dressing room could easily be turned into bedrooms to make a 5-bedroom property, excluding the maid s quarters. The luxurious penthouse apartment comes with four car parking spaces. The Social Capital Foundation 2012, All Rights Reserved /23

28 For anyone looking to buy luxury real estate in Malta, this is without any doubt one of the most spectacular penthouses on the island and in the whole Mediterranean. The Social Capital Foundation 2012, All Rights Reserved /28

A. NICOLAIDES HOLDINGS LTD PACKAGE NO. 6

A. NICOLAIDES HOLDINGS LTD PACKAGE NO. 6 1 INDEX Page A. 1 VILLA...3 B. NICOLAIDES SEA VIEW CITY..... 18 SHOP2...24 OFFICE EB2.. 30 C. PACKAGE SUMMARY. 39 2 A.1. Summary of the Development : MARINOS VILLA.