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Property Secrets Newsletter No. 163 | 21/11/08
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UK property prices AND rents falling! What's the answer...?
The latest RICS survey on residential lettings has revealed some disturbing trends indicating rent falls. This is not supposed to happen with property values falling as well - so what's causing it and what can you do about it? Those are the questions we try to answer this week in our lead article. More below.
Our Investment Barometer continues to receive responses and we're after as many as we can. If you haven't completed it yet, do so now here.
Closing date for responses is November 30th, so please do give us your opinions. The results will be published soon, indicating you and your fellow investors' plans for the future, current sentiment with regard to investment, risk and property and a whole host of revealing opinions.
i-PortfolioTracker Update
The latest development on i-PortfolioTracker is a full valuation system which now allows you to enter multiple valuations for each of your properties, either actual or forecast. This way you can begin to track the value of your entire portfolio and we'll be expanding on this over the coming weeks.
In addition, if you have any Property Secrets sourced properties in i-PT, we'll be adding estimated valuations for those on your behalf very soon.
If you haven't looked at i-PortfolioTracker yet discover the next generation of property management software now.
Cheers
Newsletter Editor
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Location: Gdansk
Type: Apartment
Bedrooms: 1
Asking Price: PLN 629,210
Discount on Valuation: 20%
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Description: 1 bedroom 44sqm luxury apartment with double balcony situated in the suburb of Gdansk Brzezno. The development comprises 11 luxury apartments built over 3 floors and just 30 metres from the beach. This really is a modern lifestyle, close to the city in a beachside location. Secure underground parking is included along with a storage space for each unit. Only 5% is required on exchange with the developer prepared to complete once mortgage applications have been successful. 20% discount on the original price and further discounts available on fitout plus free property management for the first year. All units sold have been to the local market meaning you will be the only foreign investor, alongside the 2 other units available through PS. Enquire ASAP about this excellent offer.
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