Press Release (ePRNews.com) - LONDON - Dec 20, 2018 - Azurite Property recently announced the launch of a high yield property investment bond focused on Monaco real-estate.
Thanks to its zero-tax status and in-demand properties, the seaside paradise welcomes investors with opportunity. Monaco real-estate remains much sought after, often obtainable even for the rich and famous; residency applications outpace the principality’s small 2.2km2 size.
With an accessible minimum investment of £2,000 and returns of 8% PA, Azurite’s property bond opens the exclusive market to a worldwide investor audience.
Azurite was founded by Nigel Robertson, successful entrepreneur known for floating directory service Scoot.com which achieved a market cap of £2.5bn. Robertson was also the largest seed investor in online retail giant ASOS, currently valued at over £4bn. With an eye for shrewd investments and over 20 years living in Monaco, Robertson understood the opportunity in the region’s property market firsthand. Nigel Robertson took time out from his schedule to comment on the investment:
“We are excited to announce this investment bond, which benefits from our team’s years of experience in Monaco and the surrounding areas property market. This is undoubtedly one of the most exciting regions in the world, and we expect huge growth in the years to come. With the UK market under pressure from high taxation and Brexit, our investment bond enables access to an alternative property market and is a fantastic opportunity for a range of investors from all over the world,” Robertson said.
A large proportion of Monaco’s housing stock was developed in the 1960s and 70s, and many of these properties appear ripe for renewal and refurbishment. Well established Monaco estate agent Balkin Estates will help source units and buildings, whilst Azurite Ltd transforms even the dowdiest of properties into luxury homes.
As per global industry leader Savill’s 2017 spotlight on Monaco report, high demand spurred average real estate resale prices in 2016 to increase by 180% over the previous 10 years, averaging above €40,000 p/m2, making it the most expensive in the world in that year. With demand consistently rising, the Monaco government is overseeing an ambitious $2bn sea land reclamation project, named the Portier, in which prices are expected to surpass €100,000 p/m2.
The Azurite investment bond is open to investors from all over the world, with the UK, Europe and the Middle-East as initial targets. The bond is ISA eligible meaning UK based investors can use it as part or all of their £20,000 annual ISA allowance.
To learn more about the compelling Azurite Property bond investment opportunity visit www.azuriteproperty.com.
* Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
Capital At Risk
Investment through the Innovative Finance ISA may offer a higher rate of return, but it is likely to be harder to transfer/sell your investment in the bond than if you were using a cash ISA or another form of savings product. You should review this before making any decision and read the risk section fully before proceeding any further.
Azurite is a trading name of Azurite Bond Co 1 Limited (the Bond Issuer). Registered in England and Wales, company number is 11246802 and registered office address is 6 Snow Hill, London EC1A 2AY, United Kingdom.
Azurite ISA is a trading name of Northern Provident Investments Limited (The ISA Manager) which is Authorised and regulated by the Financial Conduct Authority (FRN: 647948). Registered in England and Wales (no. 08807099). Northern Provident Investments Limited is not covered by the Financial Services Compensation Scheme. Northern Provident Investments Limited is registered with the Office of the Information Commissioner no. ZA287335. Registered Office: Northern Provident Investments Limited, 3rd Floor 207 Regent Street, London, England, W1B 3HH.