We launched The Grove Spa Resort, Cyprus at 1200hrs Wednesday 10th October 2007 and by Friday 12th we had reservations for 75% of the scheme totalling about £21 million.  Without doubt the concept, design and financials (12% below bank valuation and only 10% deposit) have captured the imaginations of homebuyers and investors alike and as the developer I am extremely proud to have delivered to the market an exclusive and unique 5-Star Resort scheme which will raise the standard for residential developments considerably across the island.

Property prices are reported to have risen by 2.65% alone in September and the outlook remains strong with the impending adoption of the Euro currency in 10 weeks time and the slashing of interest rates by 50bps (0.5%) as a consequence.

We now have the concept pictures for the Health Spa which I think accurately portray the level at which we are positioning this 5-Star scheme in the marketplace.  I think you will agree that in the re-sale or rental market this superb facility will be a major draw and offers a significant investment opportunity.

To view the Health Spa pictures please click here

If you would like more information on The Grove Spa Resort, Cyprus please visit:

www.thegrovesparesort.com

or call 0151 244 5444 now for the latest availability

Rugby World Cup – but what has this to do with property investment?

A busy week was finely finished off with the magnificent victory in Paris against the French on Saturday.  (For our many subscribers around the world who may not be familiar with this event, England played France in the Rugby World Cup semi-final).  Regardless of the outcome against South Africa next weekend in the final, the performance against both the Aussies and French highlights yet again how winning starts and ends in your head.

After many mishaps/defeats in the build-up to the championship and the humiliation against the Springboks (South Africans) in the qualifying stages, England overcame defeat and used the experience wisely to re-create a winning psychology. 

It is this winning psychology that we as property investors/developers and business people need to harness and use decisively.  If you are a “glass half-full” investor then you will use credit crunches and softening prices in the UK to your advantage.  On the other hand, the “glass half-empty” person will close down, hibernate and continue to follow the same pattern which keeps him/her on the 06:35hrs train to work every morning.

Winners remain winners in all circumstances.  Losers remain losers in all circumstances.  Be a winner, not a loser and get off the train.

Jet-to-Let Magazine

Jet-to-Let Magazine is going from strength to strength and again I thank you for your helpful suggestions and comments.  I was summoned to an editorial meeting last week by Henry Powell-Jones who is now firmly in command of the content and production.  The next edition which is due out in the first couple of weeks of 2008 and will include features on:

• France
• Hungary
• Cape Verde
•  “The effect of the credit crunch on mortgages”
• “Overseas mortgages”
• “Problem tenants and how to evict them”
• “Student Lets in the UK”
• “Macro-economics”
• “Pre-budget tax implications for property investors”

And the usual reports and columns.

If you have yet to subscribe to this FREE magazine then please fill in the form at:

www.jet-to-let-magazine.com

Or forward the link to a friend or colleague who may wish to have a copy.

Best wishes to you and England on Saturday.