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| E-Newsletter 19th June 2007 | ||
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Dear Investor I’ve had a busy time since the last newsletter with a very successful Investor Open Day in Dublin followed by a training day in London where I and other professional investors and developers were the students. Keeping current with trends, markets and finance is crucial and successful people understand the value of such events and it is always a pleasure to discuss ideas with likeminded people. Make strong and consistent profits from property in all market conditions You also have the opportunity to do the same by attending our 1 day intensive property investment course in London a week on Saturday (7th July). Highly acclaimed, with many students now powering ahead in the property world, I will show how you can successfully invest in property, with little or none of your own money, in all market conditions. For further details please visit: www.bewarethesharks.com New Scheme The main effort in our Liverpool office is preparing to launch our new scheme in South Larnaca. We have been working on this for 9 months and have been delighted at the very positive response of the planning authorities, municipality and sales agents. This scheme will raise the bar in Cyprus and will be the first 5 star health spa resort in the area. In outline it has:
Location: 2 minutes on foot to the village Concept: We acquired the land for this project because it was of a size that we could create the scheme of our choice and also the location is impeccable in a very upmarket and wealthy village. What would we want as locals, investors, second home owners, (active) retirees and holidaymakers? The Cyprus Tourist Organisation (CTO) is targeting higher disposable income visitors to the island and with 5 star facilities being created on the golf course, we thought that the time was right to construct a 5 star mixed use scheme to complement the major generation which is happening in South Larnaca. There is nothing like it in the area and as such this differentiation, quality, location and facilities will make this THE address in South Larnaca. Investors If you are interested in investing in this new innovative scheme please e-mail me direct at dominic@investincyprus.com or telephone the office on 0151 244 5444 and speak to Gina. Agents The main sales channel for this new scheme is InvestinCyprus.com. Hayley Farmer, the Agent Liaison Executive is available on 0151 244 5444 to discuss our outstanding opportunities for agents. |
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Latest Property Investment News London House Prices Cooling House price growth in the UK capital is showing signs of slowing down, according research carried out by Rightmove. Whilst the national asking price trend rose by a modest 0.8%, London has fallen slightly behind, and half of all London boroughs have shown a fall in prices. The end of a property boom is traditionally signalled by a slowdown in London’s prices. For the first time since December 2006, monthly price rises in the capital have been outstripped by over half the regions in the rest of the country. In addition, the average price in London rose by less that the national average of 0.8%, with an increase of 0.7%. prices are still likely to increase further at the ‘non interest rate sensitive’ top end, where supply remains at a premium compared to the greater choice now seen in the rest of the country. Growth in the property market has been supported this month due to sellers aiming to beat the Home Information Packs (HIPS) deadline; this has pushed average asking prices to a new record of £239,317. Miles Shipside, Commercial Director of Rightmove comments: “The rush to beat the impending HIPs deadline appears to have attracted some poorly motivated sellers to the market. They are chancing their arm at some fairly bullish prices considering that there is now a lot of property up for sale. Their main motivation will have been to save some money avoiding a HIP, rather than being realistic on price because they have seen a property they desperately want to buy”. Source: Rightmove Fuel pushes up US inflation rate US inflation rose faster than expected in May, as higher petrol costs hit consumer prices. The month-on-month rise was 0.7%, the Labor Department said, up from 0.4% in April. Core inflation, which does not include food and energy, added 0.1%. The figures showed that most prices were largely being contained and would not prompt a change in interest rates, analysts said. The Federal Reserve has kept rates unchanged at 5.25% for twelve months. "This number does not change anything for the Fed," said Robert Macintosh of Eaton Vance Management. "We have been seeing good core numbers and this continues that." He added: "Given all the angst we have had in the bond market the last two weeks I don't see how one number like this is going to make the sentiment change." Separately the Commerce Department said that the current account deficit - the most commonly used measure of foreign trade - had grown to $192.6bn (£97.5bn) in the first three months of 2007, from $187.6bn in the October-December period last year. A larger oil bill was blamed for the rise - though the deficit was smaller than analysts had expected. According to the Labor Department food prices rose 0.3%, and energy added 5.4% - more than double the gains in April. Over the past year, consumer prices have risen 2.7% and core prices up 2.2%. Source: BBC
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