Norwich, United Kingdom, August 21, 2008 --(PR.com
)-- RCI, the world's largest holiday property management service have introduced a revolutionary new opportunity for oversees property investors.
RCI were the pioneers of the time-share holiday, now they have introduced an entirely new concept which allows you to own your own holiday property, rent it out and earn credits which can be used for holidays in other destinations. An investor can have all the benefits of owning their own property and utilizing it when not in use, rather than simply renting a holiday space.
In 1974, RCI instigated the concept of exchange holidays. Timeshare developers sell holiday ownership interests typically in either one-week intervals or as packages of points that can be used to reserve resort accommodations. Members share in the occupancy rights of a development and therefore pay an annual maintenance fee after the initial purchase. The conditions of a timeshare can vary vastly, obviously different prices result in different standards of property, the time of year they can be visited and for how long etc.
RCI’s new service allows for a property buyer to purchase their own holiday accommodation – which they can use whenever they want for as long as they want. When the property is not being used, RCI arrange tenants for it, the owner will receive 70% of the rental income and also through renting it out they will receive credits from RCI which can then be traded for holidays in other destinations. This is a great new twist on the classic timeshare service, allowing for an investor to earn money but also have their very own holiday home for whenever they desire it.
RCI have pioneered this project with the Whiterocks resort of luxury apartments in Bafra, northern Cyprus. Northern Cyprus is swiftly growing economically and as a popular holiday spot. The house prices are also set to rise a great deal in the next few years. Bafra is a tranquil yet prospering village nearby beautiful white beaches and clear seas, the area is set to include a Marina, shopping centre, beachside tropical gardens, parks and a golf course. The unspoiled coastline provides coves, seaside bars and restaurants, water sports and fishing.
An investor can now purchase one of the top-to-toe five-star apartments designed by Whiterocks and Blue C development. They can holiday in the beautiful location whenever they wish and during the rest of the year rent the apartment out hassle free, whilst earning bonus holidays. It is a simple solution for oversees investors who wish to earn money and holiday hassle free.