Kurt Svendheim, CEO of the New Nordic Group continues to Surprise!
In completing projects and honoring the New Nordic investment Guarantees! We have all heard the old saying that “If it sounds too good to be true, it probably is” and no doubt people have thought this about many things that have taken place in Pattaya in the past.However the New Nordic Group with Kurt Svendheim, the CEO steering the ship it really does feel like that there may be exceptions to this rule and train of thought. If we are all honest, the New Nordic Projects are exciting and the deals that are available for investors are superb!. Put any personal feelings aside and you can’t fail to be impressed by the investment opportunity that Kurt Svendheim and New Nordic are offering. Many people visit Thailand with the intentions of purchasing properties to rent out in an attempt to generate a nice residual income. Most of these people though, come to Pattaya and buy property without a structured plan as to how they are going achieve this goal. Investors like these often buy units that are not desirable and hard to rent out – especially in the low season and as a result can be left with something of a white elephant. However, according to the Global Property Guide if you buy the right property, they claim, that investors can be looking at annual returns of 6-8% – But these are by no means guaranteed!
Kurt Svendheim has seen this lack of guarantees as an opportunity and has decided to offer guaranteed annual returns of 10%. The returns can be guaranteed to for 5, 10 or even 20 years therefore surpassing anything that the banks can offer as well as many traditional investments such as stocks and shares. Of course there is a small element of risk but in reality this is relatively low as you still have a condominium where you can live in the worst case scenario. WORST CASE SCENARIO? There is even a buyback option available on some units meaning that the capital that you invested is guaranteed too.
So how do New Nordic and Kurt Svendheim guarantee these returns?
The answer is quite simple and is twofold. Firstly, the Group has sound contracts with tour groups who can guarantee bookings and secondly they own a lot of the properties themselves therefore reducing the burden of repayments. Even in the low season a 50% occupancy rate will more than pay the rental guarantees as well as securing a tidy profit for New Nordic.
Unlike many of the other rental guarantees that we have seen in the past in Pattaya – this one actually works. The infrastructure is already in place to be able to meet any demands that are placed upon them.