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Soothing feelings in Crewe - but rockets in Romania
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Crewe has a few building sites - mainly replacing existing stock - and after perhaps a 40%+ growth 2 years ago, the location hasn't done much in the past 2 years.
Nearby Nantwich, however, despite being over supplied by new build over the past 3 years, is showing healthy property potential signs. These include snazzy London type restuarants - all the waitresses were pretty girls - and drawing a 'beautiful crowd' previously the reserve of bigger and faster cities.
Nantwich is a a classic Cheshire market town - with high quality schools and a high quality (and increasingly sophisticated) way of life and shopping!
But, will it quality for our 200% club? NO! Yes, there are a number of small developments in the city centre (or close to it) and those that combine central location with moderate / low noise and distribance levels will appeal and grow in value.
Yes, Nantwich will become more appealing - but it feels like this will only deliver moderate price growth.
Why? Well, the area has been previously oversupplied by farmland and in the past 3 years over supplied by new (mainly housing) properties.
This new supply has kept prices down.
Equally, most people living and affording this affluent town work in Manchester or a neighbouring city or large town (even Crewe) but that the distance from the major centres means that demand will increase steadily (but not spectacularly).
Nantwich is a great place, I bet, for redevelopment - especially central locations with low noise / disturbance problems. But it is not a candidate for the 200% club.
But, I do have a candidate for the 200% club - that is Romania.
News in today is that Spanish developer Hercesa has managed to sell many hundreds of units to Romanians living in Spain before they released the prices on a new development! This development has now been pulled from the market due to over demand.
Bucharest is going to absolutely rocket. Investors now looking to buy will have to buy anything they can get their hands on - and the picky investor will miss out.
Clearly a 200%+ candidate.
So, Crewe is soothing -but not exciting - Nantwich has a new buzz - which could make money for re-furb investors - but the property price rockets are going off in Bucharest right now!
Off to Milan tomorrow - let's see if the land of pasta and pizza can deliver some property fizz.
Cheers
Neil
ps. Do post your responses here - any candidates for the 200% club - like Valencia? And candidates for the 200% Opportunity club - like Romania?
pps. We've been predicting this take off in Romania for a while....
Where the Money will be made in property investment
and
The Ikea factor in Bucharest and Romania
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POSTED BY
NEIL LEWIS
ON
THU 19TH JULY
AT
23:25 GMT
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TAGS:
Valencia Property, Romania Property, Property Price Growth, Property Investment, Nantwich Property, Crewe Property, Bucharest Property
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[ Back To Blog Home ]
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SOOTHING FEELINGS IN CREWE - BUT ROCKETS IN ROMANIA
How about the resort of Slavsko in the Carpathian Mountains, Ukraine? Multi million $ expansion plans being drawn up in terms of infrastructure, accomodation and ski lifts! With the Lviv being the closest city and hosting Euro 2012 football matches - there's big interest already and lots of building work in progress.
Slavsko is the most popular ski resort in the Ukraine, and with a new 'middle class' of Ukrainian people - the resort is on the verge of a boom - a la Bansko!
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POSTED BY
BOB SMITH
ON
FRI 20TH JULY
AT
14:44
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SLAVSKO
Bob,
I plan to go to Slavsko at the end of August, where as you say it is starting to be promoted as the next Bansko. I'll let you know what i find out when i return.
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POSTED BY
SIMON TWEDDLE
ON
SAT 21ST JULY
AT
08:11
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SLAVSKO
Simon....are you still planning on going out to Slavsko at the end of the month?
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POSTED BY
BOB
ON
TUE 14TH AUGUST
AT
14:35
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SLAVSKO
Yes.
Will let you know when i return in September.
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POSTED BY
SIMON TWEDDLE
ON
TUE 14TH AUGUST
AT
14:39
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200 CLUB NOMINEE?
If you pass through Bistritia (talk to Titus in Erin pub) in Romania, I would be interested to hear your view on property opportunities especially Houses in this town. Enjoy the trip!
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POSTED BY
AIDEN
ON
FRI 20TH JULY
AT
20:55
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NEXT BANSKO
Hi Bob
Has Bansko truely risen 200% in the past 5 years?
Are the original investors actually able to cash in and realise the profit? Or is it more of a paper profit?
My experience of holiday resorts (see my 'Sting in the tail') blog is that they are great for the land developers - but pretty poor for the end user - it the off plan buyer?
Anyone got a balanced view on this?
Cheers
Neil
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POSTED BY
NEIL LEWIS
ON
SAT 21ST JULY
AT
22:40
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SLAVSKO
I have been out to Slavsko and from what I was told when out there, land values have risen from $10 per square metre a couple of years back and are now at $40/50 and rising.
The resort is apparently extremely popular with the locals and is seen as a fashionable place to go. You have to remember that the Ukraine is coming from a long way back but with the economy growing quickly and with a population of over 50 million you can see the potential out there. The countryside is nothing short of stunning, skiing area not quite on a par with the alps but I was also told that accomodation is in very short supply with many thousands of people (Ukrianians, Russians, Poles, Romanians) wishing to visit the resort daily during the winter months - accomodation is booked up for 2 years in advance.
During the summer months it is also v popular, used for hunting, fishing, hiking, biking etc. So generally you can see the potential!!
With investment coming from all angles - watch this space.
Be very interesting to hear what you have to say Simon after your visit.
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POSTED BY
BOB
ON
MON 23RD JULY
AT
16:52
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LVIV AND BISTRITIA - 200 CLUB NOMINEES
Hi Guys
Thanks for your recommendations - I'll accept these two cities as nominees - and now I'll go look them up on the map!
Cheers
Neil
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POSTED BY
NEIL LEWIS
ON
SAT 21ST JULY
AT
22:45
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LVIV
Hi Neil
Are you still planning on heading to Lviv? I'd be interested to hear your feedback.
Bob
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POSTED BY
BOB
ON
TUE 14TH AUGUST
AT
14:33
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LVIV
Hi Bob - nope - Lviv didn't make it. Sorry.
Cheers
Neil
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POSTED BY
NEIL LEWIS
ON
MON 20TH AUGUST
AT
12:09
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NANTWICH
Agree with your blog on Crewe and Nantwich Neil. I live in Nantwich and whilst I've seen quite a lot of change in the town centre in terms of trendy bars and restaurants, the house prices have only seen steady growth due to an oversupply of new build property in both the Stapely area (1/2 mile out) and in the town centre itself.
Buying below market value or a refurb would be the way to go for a property investor - hold onto the property for 5-10 years and prices may start to rise more steeply as demand equals or overtakes supply.
In the meantime, you'll still get moderate growth and fairly good rental yields. Nantwich is a desirable place to live.
But a member of the 200% club? Nope!
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POSTED BY
TIM CRIGHTON
ON
TUE 24TH JULY
AT
13:55
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[ Back To Blog Home ]
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 Neil Lewis, CEO and founder of Property Secrets, is an experienced property investor in his own right and author of two highly successful property investment books, Buy To Let Secrets and Property Developer Secrets.
Neil owns property in the UK, Spain, Poland, Romania and the Czech and Slovak Republics. He is a regular columnist for Property Week magazine and has been quoted in a number of UK and European broadsheet newspapers and magazines.
A regular speaker at property investment events, Neil has appeared at CEPIF in Warsaw and the Property Investor Show and the Homebuyer Show, both in London.
His business background is from publishing to a wide range of industries such as Finance, Music, Travel, Economics and Politics before setting up Property Secrets seven years ago. Neil studied Philosophy and speaks German, Spanish and a lot of English.
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