Soaring rents and bargain buys - how you can profit from both

Soaring rents and bargain buys - how you can profit from both

Before we get into this weeks news, I'd like to announce some really positive news coming from our property management team with regard to letting of units via our Proxy Landlord Service. September has been a great month - of those units in Poland, the Czech Republic and Slovak Republic that are in a lettable state (ie, with kitchens fitted) the property management team has achieved the following impressive results:

Country Units available to let Units let %
Poland 121 73 85%
Czech Rep 36 32 89%
Slovak Rep 28 23 82%

This success is due to the hard work of Head of Property Management Oliver Watts and his team over the summer in restructuring and improving both the LCS and PLS services we offer and it's a credit to them that we are now seeing the fruits of that labour.
UK Property Investment // CEE Property Investment
Investment Property // Books & Reports // Online
Article of the Week

Golden Opportunities – UK property prices may be easing, but rents are soaring and bargain buys are about to abound!

While property prices throughout the country are stagnating or falling … there has been a dramatic turnaround in rents since last year. Plus, some excellent buying opportunities look certain...

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In Brief

Taxing Times - How to keep proper accounts and save money on your BTL investments
UK Landlord's Clinic: Many property investment landlords lose valuable rental income simply because they don’t keep proper records...
The Importance of Property Photography
Property Basics: First impressions really do count. The photograph of a property being advertised to let or for sale is the key to generating interest and viewings...
Block management - How to take over the management of a block of flats
Own a flat in a block? Fed up with useless managing agents and incompetent freeholders? Lots of people are. So, why not take over the management?
Flats over shops! – Why a flat over a shop can be a smart buy to let move
Flats over commercial premises have long been a no-no for mortgages. But times have changed...
Article of the Week

Property Secrets Deal Price Growth Update - How have you done?

All our numbers on price growth are out, so what do they mean? Chief Analyst Simon Tweddle explains...

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JUCU APARTMENTS
Cluj-Napoca, Romania
Jucu Apartments Investment Report » Fantastic location just 400 metres from future €60 million Nokia plant employing 15,000 people

» Excellent price of just €533/£365 psm

» Units 18% below market value according to an independent valuation

» We have secured a 5% discount from the developer, an average €2,749 on a unit

» Outdoor parking, worth an estimated €950, is included in the cost of the apartment

Jucu Apartments offers an excellent low-entry-level opportunity for you to purchase property in an area in Romania that is about to undergo huge government and industry investment, priced at 18% below market value.

Nokia is investing up to €65 million in a new production and research facility in Cluj Napoca. This time next year, up to 5,000 people will be working at the plant, “Nokia Village”, which is due to reach full operational capacity with 15,000 employees in four years time. Property Secrets has secured a lucrative investment opportunity just 400 metres from Nokia Village.

Jucu Apartments is a development of 90 units, of which 59 have already been sold on the local market. It will be the nearest residential development to “Nokia Village”.

Prices at Jucu Apartments are exceptionally low at €533/£365 psm and a very low entry price of €50,873/£34,844. Our independent valuation has valued our units at 18% below market value. In addition, parking spaces are included in the property purchase cost, representing a saving of €950 according to the valuation report.

We estimate a capital growth of 30% when Jucu Apartments completes in 12 months time. The timing of the completion of the development, in August 2008, will coincide with the first 5,000 workers starting in Nokia. Jucu Apartments will be situated just 400m from Nokia Village. There are very few new residential developments in the area, so we estimate rental demand will be very high on completion. Supply of residential property in the area will not meet the future demand of the 30,000 new jobs at Nokia and General Motors.

Based on this demand, we forecast rental yields AND capital growth to be high – a combination not normally seen in high growth markets.

Where In The World To Invest...

...to make a fortune in the next 10 years!
  • 142 pages of investment know-how and analysis
  • How to make £1 million profit in 10 years from a £50,000 investment
  • Finance - and how it drives markets
  • Risk - what's right for you?
  • How to analyse and assess markets
  • What's a BAD investment
  • Verdicts on 83 worldwide markets

Although the latest addition to the Property Secrets range of property investment books is titled Where In The World To Invest, it would be better called HOW and Where In The World To Invest - because that is exactly what you will learn when you buy this book.
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 ot more - and act if required.

But how can you do that in a simple, effective manner? Simple - 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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