I want to start this week by thanking all of you who attended our Investor Evening in London this past Tuesday. It was a roaring success, with around 120 guests, and I'm sure we all learned a lot from each other. We'll be putting on more Investor Evenings in 2008 around the country so I hope those of you not able to make it down to London will be able to attend at least one evening and see for yourselves what a fantastic experience they are.

In other news, an interesting article from our Deputy Editor Andrea Harper claims that the rental market in the UK could grow by up to 40% in the next 10 years - that's great news for buy to let investors. You'll find out more below.

In fact, it's been a real UK-centric week and we have a host of other articles covering topics as diverse as rising rents, BTL tax concessions and even boiler safety regulations! Definitely one for landlords, buy to letters and developers this week.

Finally, there's only one week left for you to save 50% on all our printed and eBooks - so if you're missing a title from our range or have an interest in a specific market, then buy now and save! See below for more details.

That's all from me. Happy Investing!

Cheers

Chief Executive Officer
Property Secrets

Article of the Week

Rental market to grow to 40% within the next decade

The real boom in the rental market has yet to come!

Scrap the tax - The calls to end BTL tax concessions get louder
The influential Institute of Directors is calling for the scrapping of mortgage interest tax concessions - will it happen?

BTL shake up - a major review of the private rented sector is on the cards
UK Landlord's Clinic: A report on how to better regulate the private rental sector could lead to big changes affecting buy to let landlords and investors...

On the up and up! - Rents are rising nicely in many areas, but what about those property price predictions?
Rents in the UK are rising well, especially in London. But what about those price growth forecasts? Is it all gloom and doom?

Raising the alarm - A wave of new boiler safety regulations for landlords is in the offing
UK Landlord's Clinic: Landlord Tony Booth explores the potentially deadly world of faulty gas appliances and warns that new tough legislation could be around the corner...

Article of the Week

€1 billion of British business investment set to boost Romania's property market...

Chairman of the British-Romanian Chamber of Commerce, Brian Davies, talks to Property Secrets...

English Fever - here are the headlines for property investors
Max Growth Blog: Savvy property investors have always had the ability to see beyond the hype and read between the lines. Cape Verde looks like a challenge for the best...

Bank Vs Broker - what's the right choice?
FinanceWatch Blog: Bank or broker? This is a question we are asked a lot by investors in CEE markets and I've given it a lot of thought. The bottom line is this...

WINSLOW GARDENS
Sofia, Bulgaria

» Prices starting from £44,547

» Average price per sqm of Euro 866/sqm (£610) - 16% Below Market Value

» Long lead time of 28 months before investors complete on their units

» Great transport links into and out of the city via Bulgaria Boulevard and the ring road

» Great location to the south of the city with views of Vitosha Mountain

» Developer with excellent track record - joint venture with RREEF, the real estate and investment management arm of Deutsche Bank

» Excellent design marrying stunning mountain views and functionality

Winslow Gardens is a landmark development, located in one of the affluent districts of Sofia. The developer, Winslow Developments Ltd, is one of the best developers in Sofia, with an excellent track record and very high building standards. It has formed a joint venture with RREEF, the real estate and investment management arm of Deutsche Bank, in the Winslow Gardens development.

We are offering this investment at prices 16% below market value. This development is in the popular district of Manastirski Livadi, ideally situated to the south of the city. The site benefits from views of Vitosha Mountain to the south and overlooks the city centre to the north. There is a host of amenities within five minutes from the development and transport links are excellent. Bulgaria Boulevard, one of the main arterial routes to the city, is adjacent to the site and the Sofia Ring Road is just five minutes away. It is a 10-minute car journey from the development to the city centre. Tram and bus routes are all within a-five minute walk from the development.

Winslow Gardens does not complete until April 2010, giving investors a lead time of 28 months and the potential to benefit from huge capital growth. We estimate the Sofia market is 9-12 months behind that of Bucharest. If we follow the trend of house-price growth seen in the Bucharest market, we can expect the Sofia market to see substantial house-price growth in 2008.

Current capital growth in Sofia is averaging 15% a year. However, we forecast this rate will rise 20-25% as the market takes off.

The design of the development is something very special. Almost half of the development site is allocated to green areas and there will also be a host of facilities on site, such as a spa, fitness centre, supermarket, restaurant and pharmacy. The excellent design and extremely functional and comprehensive planning of this development guarantee its high long-term appeal on the local property market, both as a desirable purchase and rental property.

Boasting one of the most desirable locations in Sofia, along with a fantastic design, we expect Winslow Gardens to prove very popular with young professionals and families who work in the city, yet want to experience modern living in a peaceful environment.

Winslow Gardens has a superb location in Manastirski Livadi, one of the more affluent parts of the city. Standing on the development site, you have uninterrupted views of Vitosha Mountain to the south and views of the city to the north. It has excellent road, tram and bus links to the city. Adjacent to Bulgaria Boulevard, the main arterial route into the city centre, Winslow Gardens is just a few minutes’ drive from the ring road in Sofia.

The payment terms for Winslow Gardens are 20% on exchange 60% on Act 14 (completion to the roof) and 20% on completion. This is much better than payment terms for the local market which are normally in four stage payments. Bulgarian Homeloans are currently able to arrange mortgages at Act 14 stage of a development. As competition in the mortgage market in Bulgaria increases, we expect additional brokers and banks to start offering finance at this stage of the development.

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