The CEE Mortgage Market explained in full - and what about multi-currency mortgages?

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Why we say NO to the majority of deals we're offered...and Czech-ing out your options...
There has been a heavy emphasis on European investment this week but we'll be picking up on the UK again next week, I can promise you that! The Czech Republic has featured heavily and our Investment Director Simon Blakebrough has revealed just why we reject most of the deals put our way by developers in his latest blog - there may be some surprises in there for you!

Our Chief Analyst Simon Tweddle now has his own column and section on the site entitled Tweddle Investigates. Simon, a property expert and investor in his own right, now resides in Prague in the Czech Republic, right at the heart of the markets in which Property Secrets operates. That's why we've dubbed him our "man in the markets that matter". Simon's location gives him a unique insight into the way European property market operates and an advanced view of where it's heading. He will be travelling across the Continent - and perhaps further afield - on a regular basis to add his 'fuzzy analysis' the hard, factual analysis we also provide.

We've had a few requests asking that all our articles are bylined from now so readers know who they are reading. We'll endeavour to do this from now on. Never let it be said we don't listen to our members!

On the product front our range of Property Market Profiles continues to expand and we have some exciting news regarding new and updated books.

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L A T E S T   A R T I C L E S
Hot Topic

Blakebrough's Blog: Deal Killers - What makes me decide to say NO to a property deal (and why I'd be rubbish at selling ski chalets in Bulgaria)

It's been suggested to me that it might be useful to investors not only to see the reasons why we have picked a deal, but also to understand why we reject the vast majority of the deals we are offered...

Read More »

Article of the Week

Tweddle Investigates: Tax Czech - What do the latest Czech tax reforms mean for property investors?



Chief Analyst Simon Tweddle examines proposed Czech tax reforms legislation and considers what they may mean for property investors...

In Brief

Turbo growth - We uncover Poland's latest property hotspot, showing 34% in six months!

Bulgaria - Is Sofia set to be the next CEE investment hot spot?

Czech out - How to wind up a Czech company with minimal fuss (and cost)

Lassoing a leasehold - without coming across the cowboys!

O L D   T O W N   I N F L A N C K A
Warsaw, Poland
Old Town Inflancka Investment Report » Prime central location in the centre of Warsaw next to the Old Town - the Covent Garden of Warsaw

» Low money down - 10% on exchange and 90% on completion

» Estimated 5.6% discount on market value (worth around £6,000)

» Pre-phase one prices with substantial price increases expected with each new phase

» Extended period of 23 months before completion in May 2009


Location is everything for the Old Town Inflancka (pronounced 'Inflanska') luxury development, situated in the heart of Warsaw, just on the outskirts of the Old Town, a designated World Heritage Site.

The quality of this location is strongly underlined by the fact that the land alone has recently increased in value by 65% due to the sale of neighbouring plot to a Spanish developer for €100 million - a Polish property record.

Being built in Srodmiescie ("city centre"), the central district of Warsaw, Old Town Inflancka will provide homes for the many workers at the Government offices, the Warsaw Stock Exchange, banks, financial institutions and embassies with which it shares the district.

The entire project is divided into four phases and is due to be completed in 2010, allowing investors the potential benefit of price increases with each development phase. We have first choice of units in Phase 1 of the development. Investors will benefit from capital growth over a long completion time of 23 months before they have to draw down mortgages in May 2009. Furthermore, the developer is expected to increase prices by PLN500/sqm prior to launch, giving us an effective discount of 3.8%.

O N L I N E

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O T H E R   N E W S

Summer is fast approaching...

...and the Property Secrets Investment team is looking forward to a well-earned break. They're not quite finished yet though, and as well as the current offering - Old Town Inflancka in the heart of Warsaw - we have a few interesting opportunities for you to consider. Here's a quick summary of what we are working on currently:

Lake View, Szczecin, Poland

A new third tier city location in Poland with prices to match, Lake View is situated just outside Szczecin in a residential area overlooking the Oder RIver and Lake Dabie, one of the largest in Poland.

Citidella, Bucharest, Romania

Located to the East and slightly North of Bucharest city centre, Citidella is being constructed in an established residential area with excellent infrastructure already in place, as well as schools and plentiful local amenities. Just 1km away old manufacturing buildings are being pulled down to make way for new business parks which will inevitably attract new investment, workers and so a market for rental and resale.

The Gardens, Lieben, Prague, Czech Republic

We have little information as yet on this development - even the name may change! - but it is one our Investment team is looking closely at.

These are three of the potential deals we're looking at at the moment, hopefully launching before we take a break for the summer in mid-July. It's worth giving you a sneak preview, however, as you can begin to look at these areas and consider whether or not they may have a place in your particular portfolio.

That's all for this week. Happy investing!

Cheers

Chief Executive Officer
Property Secrets

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