Dear Investor

If I said it has so far been an interesting week, then that would be an understatement.  The Federal Reserve reduced its key target rate (base rate) by 75basis points to 2.25% yesterday whilst Bear Stearns was sold to JP Morgan for $2 per share although it had a book value of $84 per share.

You may note that in the present issue of Jet-to-Let Magazine I predicted that a series of “write-downs” would dominate economic news this year, but this is incredible!

If ever there was a case for “substituting” property investing for stockmarket investing then the recent volatility of the FTSE 100 and Dow Jones Industrial Average has proven the case.

An investment banker friend of mine spent until the early hours of Tuesday morning reassuring clients that Armageddon hadn’t arrived.  Newspapers were full of stories, predictions, panics and panaceas.  What next?

Well, for us property investors – nothing.  The great advantage of property over stock markets is that you cannot lose everything, unlike investors in Northern Rock, Bear Stearns and others to follow.  “Bricks and mortar” with positive cashflow are a solid investment which economic history proves increases in value over time.  Indeed many countries around the world are experiencing rapidly increasing property prices as the UK and Ireland hit the top of the cycle. 

Building a balanced and cashflow positive portfolio is your most efficient and risk-managed method with which to build long-term wealth.  Further, investing in overseas markets at different stages in the property market cycle allows you to hedge falls in UK or Irish prices.

The Grove Spa Resort

We’ve had some terrific news this week about the area around The Grove Spa Resort in Cyprus.  A David Lloyd Olympic Centre will be built on tourist-designated land about 4 minutes away from The Grove, thus increasing significantly the appeal and potential of our development.  We have banked land in this area since 2006 and are now seeing the fruits of our research and insight.  We are aware of other announcements of significant further investment in this area – so watch this space.

If you are interested in buying a property at The Grove Spa Resort we presently have special terms on the last remaining apartments.  This outstanding scheme has already risen in value since launch and continues to attract favourable comments from industry insiders both in the UK and Ireland.

The website is at www.thegrovesparesort.com

If you wish to listen to a podcast I recordered recently with Jet-to-Let Radio about my vision for The Grove Spa Resort, then please click here:

www.jet-to-let-investments.com/radio

Please e-mail me direct at dominic@investincyprus.com

Bewarethesharks.com

We had a full house at the Bewarethesharks.com “Fundamentals of Property Investment” course last Saturday in London.  A big thank you to all those who attended and for your input throughout the day.  The next course will be Saturday 12th July 2008 and details can be found at: www.bewarethesharks.com

Happy Easter