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Categorized | Financial

Saronom Holdings and residential property in Jamaica

Posted on October 30, 2015

Accelerating its investment paces Saronom Holdings Limited pays more and more attention to the territory of Caribbean region and Jamaica in particular.

Cyprus investor Saronom Holdings Limited is ready to offer newly acquired apartment complexes in the cities of Kingston and Ocho Rios. These objects are of buy-to-let type. Acquiring these units the clients can be sure that these investments will pay back for sure. Saronom Holdings Limited has a vast experience in this investment form. Such real estate units are quite popular on the territory of Cyprus as long as this country is also among top tourist zones. Within last 3 years Saronom Holdings Limited has attracted more than 30 investors from all over the world to this type of property. Currently the company can offer more than 30 variants on the territory of its domestic market and 4 objects in Jamaica. Soon this figure will be much higher. The company is constantly enlarging its portfolio. According to the representative of Saronom Holdings Limited the company is going to double this figure by the end of the year.

Saronom Holdings

2 out of 4 newly acquired complexes already have constant renters and are already filled by 80-90%. This means that investors or interested parties will get an income right from the start. Apart from the current prices are beaten down by the effect of the crisis. Currently the investors and customers can buy the interested unit of this type at the price of 50% from the prices established in years 2006 – 2007. With the current paces of world economy recovery current investments will pay back almost double in time. Thanks to drastic price fall the renting fees went down by only 10-15%.

Right now buy-to-let premises are the number one target of Saronom Holdings Limited. The time will show whether this Cyprus-based investor will make any changes in the chosen srategy and the target assets.

Philip Fitch
Stasinou 1, Mitsi Building 1, Floor 1,
Flat 4, Liberty square
CY-1060, Nicosia, Cyprus