I hope you are now back into the swing of things after the summer break. I would like to introduce two new members of staff who have recently joined the group.

Brice Robinson is a qualified stockbroker and financial advisor and has joined the company to work on a new concept we are developing. He has worked in the past for well known banks and financial services companies.

Greg Johnson has many years experience at senior levels in the property industry and joins the team to coordinate and develop sales.

InvestinCyprus.com Developers

We have been extremely busy over the past few weeks. Stephanie and Jonathan are in Cyprus working hard with the architect and contractors on The Grove Spa Resort. I was there in August and was very impressed with the sheer scale of the project and the commitment and drive of everyone involved in the scheme. Well done Stephanie et al!

Distressed Assets

Back in the UK, the Distressed Assets team have been working very long hours and are having some great successes.

Case Study

An investor purchased a property in London through Distressed Assets 6 months ago for £155,000 and has now refinanced it at £235,000 giving a capital gain of £80,000 on an investment of £38,750 which on an annualised basis equates to a return on investment of 412% (206% over 6 months). The property cashflows very well and he is now in the process of buying a second investment property through Distressed Assets.

Yesterday we made an offer to administrators for 9 apartments in London and are preparing to make an offer on a further 54 apartments in another part of London. We believe that the apartments in the latter case are worth about £315,000 each in today’s market but we are able to make a bulk offer at about £215,000 each. All of the apartments are fully tenanted with strong cash flow.

In my view there has never been a better time to invest in UK property. Even in the very height of the previous market cycle, we did not experience the huge capital gains illustrated in the example above.

Distressed Assets Seminars

If you wish to take advantage of the present investors' market in the UK and also the expertise, contacts and buying power of Distressed Assets then please join us on one of our forthcoming FREE investment seminars in London and Liverpool.

Tuesday 22nd September 2009 - London 6.30pm to 8.30pm

Thursday 24th September 2009 - Liverpool 6.30pm to 8.30pm

Places are strictly limited and are allocated on a first come first served basis. I understand that we are close to capacity in London already, so you will have to be quick to get a place.

To reserve a seat please submit the form here

Jet-to-Let Magazine

Jet-to-Let Magazine has moved to an online format with multi-media enhancements including podcasts and video. You should receive the latest issue by e-mail later today. As ever, your feedback is most welcome as are suggestions for content for future editions.

Best wishes