WORLD SIXTEEN (World 16)
World 16 Private Property Clubs: PRodromi
The Investment
This was World 16's first investment package and is due to come to fruition in 2010. A group of investors (mainly friends and family of staff) grouped together funds to purchase an off-plan property in southern Cyprus.
It was a massive leaning curve on how to buy a property as a group. As this had never been done before as an investment property, there were lots of small mistakes and backpeddling, but everything is working out fine.
This property investment syndicate taught World 16 how to do what it does very efficiantly today.
The investment is running smoothly and regular valuations show a good clear profit for all of the members.
The Property
The property is part of a larger development of holiday properties. The majority of the proeprties have been bought by either investors or as a second home for British people. The property is located on the south western side of the island and is very close to the coast.