My take on the credit crunch - profit, don't panic! Plus - a €60 MILLION investment...

My take on the credit crunch - profit, don't panic! Plus - a €60 MILLION investment...
The Property Investor Show is upon us! No doubt the buzz around ExCeL will be all about the credit crunch, Northern Rock and what it all means as the great and good from the world of property investment gather. We're certainly not ignoring the issue and you can keep up to date on our views and opinions at propertysecrets.net on a daily basis!

Just to remind you, there is a Property Secrets Investor Evening tonight - click here for more information - and there may well be a few places remaining. We'd love it if you could make it.

If you can't make it this evening, you can always catch up with us on the Property Secrets stand itself (No. 268), where we'll be introducing the latest additions to our range of property investment books, new deals and a whole lot more!

Hopefully we'll see you over the weekend.
UK Property Investment // CEE Property Investment
Investment Property // Books & Reports // Online
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Ski Ukraine? Could Slavsko be the new Bansko?
Tweddle Investigates: Property Secrets' Chief Analyst examines the Ukraine's latest Carpathian attraction...and asks if it stacks up as an investment opportunity...
Slice of Turkey anyone? Is this Eurasian country still too risky for property investors?
A country of contrasts, Turkey is hard to pin down. But has its time as a property hotspot arrived?

Property Secrets Investor Evening
Novotel ExCeL, Docklands
Friday 21st September
Where In The World - Latest Hotspots Revealed!
» Click here to find out more and register your attendance

We have pre-purchased a number of admission tickets for The The Property Investor Show, London, 21 - 23rd September 2007 and would like to invite you as our guest. If you are available on 21 - 23 September, please visit www.propertyinvestor.co.uk/london/register.asp and use our PROMOTIONAL CODE "propsec". Completion of registration allows you to gain free admission into the Exhibition!
ASTREA APARTMENTS
Sofia, Bulgaria
Astrea Apartments Investment Report » Average price per sqm of €627/£424 (inc VAT) – 8% Below Market Value

» Maximum 20% potential discount on list prices worth an average of €10,955 on each unit

» Over 50% of development already sold to the local market

» Opportunity to invest in Sofia pre-market lift-off

» Current capital growth in Sofia is at 15%. This is expected to rise to 20–25% as the market takes off

» Great transport links with quick access to the ring road

Bulgaria, or more specifically Sofia, is just now starting to be an attractive proposition for property investors. Property Secrets have been monitoring the market for quite some time and we believe the time is right to buy into it, just before the boom we believe is about to occur. As such, Property Secrets are pleased to offer you our first deal in the country and in Sofia - Astrea Apartments.

Astrea Apartments offers investors an excellent opportunity to invest in the Sofia market at low prices starting from £27,307 with payment terms rarely found in Bulgaria. This is our first deal in the Bulgaria market and we are forecasting that the Sofia market is set to boom.

The key factor to this is that markets can move very rapidly when they enter this stage of the property cycle. If mortgage lending grows fast enough and prices rise, the basement phase will be very short. We are forecasting the Sofia market has the potential to grow by 20%–25% in 2008.

We have secured 29 units in this 105 unit development with 50% of units already sold on the local market. Our payment terms are 20/70/10, which is next to impossible to find in the current market in Sofia. With as little as €4,041/£2,730 down now and the remainder to be paid in 16 months, this deal offers the chance to capitalise on expected annual capital growth of over 25% before completion.

The payment terms are equivalent to 20 / 80, as the 70% is due on completion (estimated January 2009) and the remaining 10% on handover.

In these days of credit crunch which we predict will hit Latvia, Hungary – unless their reforms take hold very quickly – and possibly Turkey, Sofia actually offers an exceptionally SAFE investment.

It is strange to call it a safe investment – given that it is in a pre-boom phase – but the hard economic underlinings of the country mean it would weather any financial storm far better than the three countries listed above.

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Zagreb is a market, where all the necessary components for sustained capital growth are developed. We’ve seen an aspirant middle class, available mortgages, demand for new housing and a fairly well developed rental market.

Croatia is economically and politically stable. The economy is growing and wages are rising. As an effect of macroeconomic stability we see an emerging middle class in Croatia. This is a class that’s not afraid of borrowing, can get affordable mortgages and is willing and able to buy.

But investors still need to be aware that there is a risk factor...
Credit Crunch - Profit, don't Panic!

Now is the right time to assess your portfolio, no matter how big or small, judge your level of LTV, your break even point and a whole lot more - and act if required.

But how can you do that in a simple, effective manner? Easy - use the Property Secrets My Portfolio online software. 100% secure, simple to use and highly versatile, My Portfolio can help you plan your future investments as well as calculate your current exposure to risk - or lack of it!

Perhaps you feel the LTV across yor entire portfolio is too high? Find out for sure using My Portfolio. Using your own judgement, you can set a number of scenarios and see what level of risk you are currently at - and act on it! For more information on My Portfolio and to start assessing your portfolio, click here.

Manage Your Account

You can manage your email subscriptions, change your email address, password and contact details using the My Account section of the Property Secrets website whenever you like.

You can also view your Property Secrets transaction history and download the Spreadsheet Software relating to any hard copy books you may have bought from the Property Secrets store.
That's all for this week. Happy investing!

Cheers

Chief Executive Officer
Property Secrets

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