IRIS SHAMPETERIS APARTMENTS: why rent if it's cheaper to buy?

Good news for young professionals and families! IRIS SHAMPETERIS APARTMENTS is now approved and supported by ALTUM programme and this has opened new home purchase opportunities.

Real estate news

As IRIS SHAMPETERIS APARTMENTS is now working in a close relation with ALTUM and the biggest banks in Latvia, project  developers have the opportunity to offer qualified apartment buyers, customized and individualy designed programmes:

• execution fee – 0%;

• only 5 % downpayment**;

• funding - 95% of property value;

• families with children are eligible for reduction of down – payment;

• redueced stamp duty;

• no state duty for registration of mortgage.

Whilst mortgage is a commitment and a decision that should be carefully assest, in the long run it shows great value and advantages. With these new ALTUM programmes, for many, it’s actually cheaper to buy an apartment then to rent it. Comparison of estimated monthly bank mortgage and rent payments at IRIS SHAMPETERIS APARTMENTS show an astonishing difference between the two:

  Estimated mortgage payment/month Estimatet rent/month
1-bedroom apt. in IRIS with downpayment ** 370 EUR* 600 EUR
2-bedroom apt. in IRIS with downpayment ** 550 EUR* 800 EUR
3-bedroom apt. in IRIS with downpayment ** 700 EUR* 1200 EUR

* the amount is informative and for illustration only

** down-payment is calculated based on bank requirments for monthly salary

Buying vs. Renting also offers additional advantages and guarantees: home ownership; profit from apartment lease in case apartment owner decides to venture out of Latvia for extended period of time; profit from possible resell if family is expecting and will need to upgrade the number of bedrooms; wants to make a solid investment in the future for the generations to come. On the other hand, renting gives only short term guarantees without reliable financial profits.

Developers of IRIS SHAMPETERIS APARTMENTS wish to make your new start in the IRIS project pleasant from the Day 1, so they have ensured that the purchase of the apartments would be fast, convenient and simple.IRIS is built for a safe future!

For more information you are welcome to contact IRIS sales managers at any time most convenient for you!

 

Success to IRIS SHAMPETERIS APARTMENTS Open Door Day event

03.07.2018

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IRIS SHAMPETERIS APARTMENTS invites everyone to a 2nd Open door day event

07.08.2018

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  • Loan repayment term up to 30 years
  • Possibility to postpone the principal payment up to 18 months
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IRIS SHAMPETERIS APARTMENTS invites everyone to a 2nd Open door day event