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Prices for
Seychelles property are at historical highs after the last few
years of increases . However that doesn't justify all 'high'
prices, and the asking price of any Seychelles property should
be evaluated in terms of its market context and in comparison to
other similar properties in the area (referred to as
'comparables').
Many properties in Seychelles for sale to foreigners are
actually overpriced in terms of their market context and
comparables. This is especially true of the resale market where
individual sellers largely decide the asking price, but can also
be true of new developments. Real Estate agents often allow
sellers to 'name their price' rather than give them a
professional evaluation of the true market price.
There are various reasons why a property in Seychelles might be
overpriced. Vendors sometimes set an unrealistically high asking
price in the hope that a) someone might actually pay it and b)
that it will give them a stronger negotiating position at the
start and ensure that final transaction price is higher than it
would have been had they started with a lower asking price.
Another reason is because some sellers have unrealistic
expectations as to what their property is actually worth. A
further reason is because agents in Seychelles and / or
developers in Seychelles sometimes increase the price if they
think that foreign buyers are and will remain 'ignorant' of
market values. This is more likely in those cases when the agent
'controls' the entire visit of the buyer thus preventing them
from finding out what comparable properties are worth.
To say that a property is overpriced is not the same as saying
that it won't sell at that price. The great tragedy is that
people do actually buy overpriced properties on a regular basis.
This is bad for the overall market as word often gets around,
driving up the expectations of sellers and reinforcing the
suspicion that foreign buyers will pay any price.
Step 1 -
Find your dream property in Seychelles
Finding your ideal
house, home, apartment, villa, land, office,
vacation rental or, indeed, any
type of real estate for sale in
Seychelles is straightfoward. A sample of properties
available in Seychelles is shown below.
Step 2 - Financing your
dream property in Seychelles
If you are
considering buying real estate in
Seychelles or anywhere else for that matter, the most widely
used method of borrowing the funds to make the purchase is a
mortgage. We have put together some
useful information on funding your property purchase in
Seychelles with a mortgage or home
loan. There are also some great mortgage deals availale too.
Step 3 - Paying for
your dream property in Seychelles
If you need to
send money to or from Seychelles for the purchase of a property
(or for any other reason) our suggestions can help you obtain
more currency with less worry when buying
foreign currency. There are several ways to send money
overseas (to or from Seychelles) Transfer
Money Overseas.
Some of the property with costs are given as below :
House for Sale, Price: 250,000 USD
Buy-Sell,
North Mahe,
Seychelles
Description :The house is located in Carana, in the north of
Mahe main Island of Seychelles. Its a double story housed
built on an approximately 900 Sqm land, Parcel no.H5522. On
the ground floor, there are 2 bedrooms with attached
bathrooms, guest toilette, dining cum open-plan-kitchen,
study/TV room, veranda, laundry cum store and a small store
for garden tools under stairs outside. The built up floor area
is 140 Square meters. Upon completion of the ground floor we
moved in this house last year. The first floor is partly
completed. According to the approved plans it will have 2
bedrooms, 1 bathroom, dining cum open-plan-kitchen, and
veranda. The built up floor area would be 80 Square meters.
Other Features: Wooden main doors plus steel security door.
Burglar bars and mosquito net on all windows. Garden is
coming up very well because some plants take little longer to
grow. A few minuets walk to the beach. Beautiful Mountain
View. Sea view from the 1st floor.
Plot of Land, Price: 200,000 USD
Buy-Sell,
Mahe - Main
Island,
Seychelles
1 acre of land- an untapped asset with
unlimited potential to become a luxury
villa, hotel or self catering cottages-
the development is your choice...
Vacation Rentals
Increasing numbers of investors are buying
real estate in Seychelles with
a view to using it as a
vacation rental. The returns
can be very good and the prices in some emerging markets are
very attractive. A
mortgage is often used to fund
the purchase of a house, home, apartment or villa to be used as
vacation rentals. We have
provided some useful information on buying
real estate in Seychelles.
When
renting a home in Seychelles
you are usually limited to the changes/improvements you can
make. When you own a house / home in Seychelles you can make
almost any changes you want (subject to local planning
restrictions). You benefit from living in the environment of
your choice plus, in many cases, your improvements add to the
value or saleability of your home.
Investing in Real Estate
Generally speaking homes appreciate in value by approximately 4%
or 5% per year, however this will vary from year to year and
from neighborhood to neighborhood. Your rate of return on
real estate in Seychelles may
be higher than many other investments you make.
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