Sorry Just noticed the figures are up to January, so that disqualifies Balcony Gardens. Bit overkeen for statistical feedback.

As PS have already alluded, "ROI" is a misleading concept when applied to these figures. This figure simply represents the difference between current valuation and initial sale price as a factor of the initial deposit. However, if buying, selling, finishing and furnishing costs are included, the real ROI figure becomes minimal for the best performing deals and negative for the others. The real returns will be in the long term hold. This depends on sustainable growth coupled with rental yields which cover the cost of financing. I would contend that most CEE deals purchased over the last couple of years are cost/return neutral. Nic

I cannot see the point of publishing the ROI figure. As it ignores significant elements of the purchase cost plus all furnishing and sale costs it is unachievable and therefore misleading. To anyone coming across the PS site, it must make them question whether the rest of the information is equally suspect. I think PS would be doing themselves a favour by removing the ROI figure. Failing that including realistic estimates of all the costs involved in purchasing, running and selling a unit could be a useful reality check, although maybe pretty sobering to anyone who has not worked this out for themseves. A recent post was from someone whose unit had gone up by 33% but if sold still would make a loss after all costs.

This is a very similar observation made some months ago about the downloadable spreadsheet on the PS web site. the profit figure on sale doesn't take account of all the previous years rental losses - which can be considerable.

All fair points. But please bear in mind that it would be almost impossible to do this due to individuals personal circumstances - and also incredibly expensive. That would be an expense we would have to pass on to you, something we doubt you'd like. This is an indicator. You can take this data and work out your own personal results of course, and we encourage you to do so. But when doing so, do remember that we source these deals with a view to the long term - 10+ years. We are barely at two for a couple and well below that for most.

You miss my point. I object to the term "Return on Investment" as applied to these figures, not the level of detailed analysis supplied. However, well done for removing that particularly lurid "300% profit" banner from your home page. Big up the truth! Your credibility is at stake. Nic

Like Enrico and Peter, I would like to see how rosey you think the picture is in Cyprus now compared to your earlier glowing reports of two years ago. Or is this something you would rather forget???

We would need to ensure the Cyprus deals information talks to re-sale, i.e. secondary market prices, as there is quite a gap between this and the primary market at this point.

How each person responds to these results will depend on what they bought (or didn't!). I'm delighted partly because I lucked out with Future City. But many of the developments have increased over the last year and a half and I feel very comfortable investing in CEE at this moment in time. I think I have to agree, however, that the ROI column is misleading. I did a quick tot-up for my Pelikan Court flat. I got a total cost, including kitchen, finish, parking, finders fee, legals, white goods (no furniture) of 601,918 GBP. My investment would have been 14,713. Given an increase of 37%, I would be left with 23,085 after 3% selling costs, which is a nice 80% ROI. [Now of course this does not include expenses that may occur in the future, such as rental shortfalls or tax should I sell within 5 years ... but then the property is still going to up more in value in that time.] But it's not 80% ROI, not 327% ... I think the increase in value statistics are sufficient for folk to do their own maths. I just hope PS keeps finding great deals! :)

It is striking though, that the deals in Poland have done so much better than the deals in other countries. I'm a bit hazy about why this might be. Can someone suggest what it was about Poland's situation that made it ripe for these kind of gains on off-plan property? Were similar gains seen on all property in Poland? In what ways was Poland different from Slovakia, Czech Republic, Latvia etc. Obviously it would be nice to spot this kind of trend elsewhere.