UK
Property Investments - Government Property Auctions
- Property Auctioneers - Local Authority Sales - Repossessions
- Buy to Let - Self-Build
Property - Rent & Rentals - Estate Agents - Real
Estate - Houses - Homes - Commercial - Investment Property |
|
Welcome
to The FREE, Hot Property Investor Newsletter |
|
| |
|
Hi,
PLEASE NOTE THAT THIS INFORMATION APPEARS IN THE NEWS
SECTION AT THE MEMBERS' AREA AT HOT
PROPERTY INVESTOR AS
SOON AS WE RECEIVE IT. FULL DETAILS ABOUT EACH AUCTIONEEER
CAN BE FOUND AT THE SITE.
The HPI Newsletter is
our regular FREE bulletin designed
to keep you updated with news, latest sales, auction
results and general pieces of interesting property
information that have occurred throughout the week. This
is a supplement to information contained in the main
Hot
Property Investor Database and
is an additional service. Please Read On... |
Public Sales
More information
and full contact details for all the
following sales are
available in the database - just type in the name of the
auctioneer of your choice into
the search facility. If you are a member of GAUK please
note that the following
information is available in the news section as soon as we
get it
Pugh
and Company We are pleased to inform you that our 13th July
2005 auction details are now available on our website www.pugh-company.co.uk.
Should you be interested
in any of the lots please do not hesitate to contact our offices
on 01772 722444.
WE ADVISE YOU TO CONFIRM ABOVE DETAILS WITH AUCTIONEER
BEFORE TRAVELLING
News
Buying property Without Money!!!
Did you know that a fantastic, yet immensely underutilised method
for buying property no money down is through the use of 'private
investors'? There are hundreds, maybe even thousands of people
in your city or town with piles of cash and very little if any
idea of what to do with it?! Most of them are sick and tired
of earning 3 or 4% from the bank or building society and would
love to make their money work harder for them, but they don't.
Why?
1. They're too busy
2. They don't like risk
3. They are lazy
4. They don't know what to do...
These are just 4 very common reasons. Why don't you approach
local business people and wealthy retired individuals with your
business plan? Explain how they can invest in your deals and
earn themselves 10-15% per annum with you doing all the hard
work and dealing with any problems that arise...
When you find a good deal, approach your new investor friends
and let them know how long their money will be tied up and how
they will get it back. Explain the rate of return you are offering
and then build trust and credibility by actually showing them
the property and explaining your plan.
"10 Ways to Trace Owners of Empty
Properties"
There are many ways to trace owners and it is possible to trace
an owner all the way to Australia , so no excuses! These should
start you on your way:-
1. Knock on the door! May seem obvious but many a property looks
empty and the owner still lives there.
2. Knock on the neighbours' doors
3. Send a recorded letter to the address - quite often owners
or relatives have mail redirected.
4. Ask at the post office - they often know of post office boxes,
redirected mail, whose moved or died, etc. They won't be allowed
to divulge specific information but at least you might get an
idea of where to look next.
5. Contact the local council - many now have Empty Homes Officers
6. Ask local shops and in pubs - gossip can be hot source of
information.
7. Check the births, deaths and marriages registry - if you have
a name but nothing more, then this might give an indication of
other names to follow up such as spouses or relatives.
8. Check local papers for obituaries and tributes - local libraries
often store these - again it might lead you to another name,
relative, trustee or solicitor.
9. Look through residential telephone directories - look for
matching names and you may find the owner that way.
10. Use 192.com - you now have to pay for searches which used
to be free but it's a great service and you can do wildcard searches
too for example just enter a name and it will find all people
with that name in an area or even the UK.
---------------------------------
Opportunities from a Stagnant or Falling Market
In a stagnant or falling market the following will typically
occur:
-
There are less buyers
-
properties take longer to sell
-
property prices are falling prices or increasing only slowly
-
more properties are sold at prices agreed at below asking
prices
-
More people rent than before, especially first time buyers
who either cannot afford to buy, or who do not want to risk
going into negative equity
-
Rents could potentially increase and void periods reduce
At first sight this might all seem like bad news. But actually
these characteristics provide property investors with opportunities
to profit.
Opportunities for investors
There are more opportunities for investors because:
-
There are larger numbers of flexible or motivated sellers,
who will be prepared to agree a better price or better terms,
or both, and so there will be more bargain properties to be
found
-
Property yields increase as prices fall, but rents stay the
same or even increase as more potential buyers stay out of
the market and rent instead
-
The cost of refurbishing properties reduces as more builders
look for less work and tender prices competitively
-
In the alter stages of this part of the economic cycle, as
prices fall, interest rates tend to fall making borrowing cheaper,
and so increasing the returns from gearing property investments
Also, don't forget that so far, history has shown us that falling
or stagnant markets are temporary. The good news for property
investors is that in the UK , after any fall, prices have always
recovered and have exceeded the level from which they first fell.
---------------------------------
From Blitz to boom
On the eve of National Commemoration Day, marking the end of the
Second World War, Caroline McGhie looks back at the devastation
wrought by German bombs and the housing revolution that followed.
It has, she says, remarkable echoes today
'The value of victory is
what we make of it. Peace is not an end, but a beginning," said
Lord Latham, leader of the London County Council, as war in
Europe ended in 1945. Little did he know that the new era would
gradually deliver an exhausted population into the grip of
what was to become a national obsession with property. Even
as the Luftwaffe dropped its bombs, the seeds were being sown.
Sixty years on, we can see that it was in the very craters
of the V2s that the modern property market was born.

Bomb damage at Monument, London, 1940
London was both a traumatised city and a developer's blueprint.
Buckingham Palace had been knocked 14 times and the land around
St Paul's and Moorgate was devastated, but it was the working
class districts in the south and east that bore the brunt of
the bombing.
As the historian Maureen
Waller describes in her book 1945: Life in the Debris of War,
housing was "the most vexed question
that central Government and the local authorities had to contend
with during 1945". It was the first problem of the peace.
An estimated nine million square feet of glass was needed to
replace windows in Battersea, Wandsworth and Lambeth alone. Shell-shocked
homeowners struggled with the bureaucracy imposed by the War
Damage Commission on compensation claimants. It was not until
November 1947 that the Treasury paid out the first £88,684,000
for 101,600 affected properties - a fraction of those damaged
or destroyed. Thousands of homeless had to be rehoused.
Even at the height of the
Blitz, the government was thinking about reconstruction. "In March 1941 Lord Reith, as Minister
of Works, asked the London County Council to prepare a plan for
redevelopment," says Waller. The result was a document that
sold out as fast as Harry Potter - the Greater London Plan, published
in 1945, which was also produced in a children's edition. Everyone
wanted a share of the hope in the air.
Churchill went to the country
in July. "Leave the Socialist
dreamers to their utopias or their nightmares. Let us be content
to do the heavy job that is right on top of us. And let us make
sure that the cottage home to which the warrior will return is
blessed with modest but solid prosperity, well fenced and guarded
against misfortune," he urged. The Labour party was promising
five million new houses, and when Churchill attended a rally
at Walthamstow Stadium angry voters demanding new housing caused
a near riot.
It was in this idea that
property could deliver more than prayer, combined with the
shakedown of the old class structure, that the boom-bust property
market cycle of the past 50 years planted its roots. It changed
our lives and changed our economy, but it had a long way to
go. "In 1945, 26 per cent of people
owned their own homes, now 65 per cent do, and the Government's
current objective is to increase that to 70 per cent," says
Liam Bailey, head of residential research for Knight Frank. "As
home ownership increased, so property started to dominate the
economy. If you had invested £1,000 in 1945 in shares,
it would be worth £59,379 now. If you had put £1,000
in residential property - the price of a two-bedroom terrace
or a small semi at the time - your investment now would be worth £114,595."
There are echoes of the political
speeches of the time in those now being made by the Deputy
Prime Minister John Prescott in his push to build thousands
of new houses in Thames Gateway, East Anglia and across the
North. "The massive building
programme of new houses which ran at around 400,000 a year in
the 1960s has dwindled to 150,000 a year," says Bailey. "But
now the need is great again, this time because of immigration
and more people living alone."
A new post-war "affluent society" gradually developed
in the new houses. Yet even in 1963, though 82 per cent of households
had televisions, only 45 per cent had a washing machine and 30
per cent a fridge. The £1million semi in Fulham was a long
way off, as were the yuppies, the dinkies, the woopies and the
kippers. And as prosperity increased, so the kitchen was elevated
from dank scullery to family fulcrum, while the front room lost
its Sunday sanctity and came into everyday use.
In the new servantless age,
English country houses became unmanageable. Many had been requisitioned
and fatally damaged during the war, so their destruction duly
began. It continued until Marcus Binney, president of Save
Britain's Heritage, began his campaign to save them in 1974,
by which time applications to demolish were being made at the
rate of one a day. There had been virtually no market for them,
but with the arrival of central heating and the new riches
of the Thatcher era, it was revived with a vengeance. In 1945,
Jackson Stops & Staff sold Eastcourt Estate near
Malmesbury, with 12 bedrooms and 484 acres, for about £25,000.
Last year, Knight Frank sold it for a price "in excess of £4.75million".
As a result, art and chattels
were being sold fast - in 1946 there were sales of 45,000 lots
in 103 auctions. The contents of the German Embassy were sold
off in a six-day sale, with a bust of Hitler going for £500 to the owner of Blackpool
Pier, and Billy Butlin snapping up Ribbentrop's semi-circular
dining-table for £1,000 for the committee at his Skegness
holiday camp.
Londoners were returning
to the capital. Having lost the election, Churchill was looking
for a new place in town to keep as well as Chartwell in Kent.
His wife, Clementine, fell for the charms of 28 Hyde Park Gate,
and Churchill asked Knight Frank to survey No 27 as well, with
a view to buying it for "the staff".
Two employees from Knight Frank visited to tell him it had dry
rot, and found themselves sitting with the great leader, who
was naked but wrapped in a towel "like a large pink baby".
He bought the house regardless; Knight Frank tugged its forelock
and offered to waive the fees but the offer was firmly refused.
It was in this chaos that
the post-war millionaires did their first deals. Rudolph Palumbo
bought up sites around St Paul's which would later soar in
value, and Charles Clore bought part of Park Lane where he
later built the Hilton for £5million.
Rags-to-riches millionaire Jack Cotton, who built the Pan Am
skyscraper in New York, was on the scene, as was "the daddy
of all developers", Harry Hyams. Their modest origins, deals
and fortunes are chronicled by Oliver Marriott his book, "The
Property Boom".
Hyams was perhaps the most notorious - initially for building
Centre Point at Cambridge Circus, the first 32-floor skyscraper
in Britain, then for keeping it empty for years, and finally
for making millions out of it. Centre Point is now a prized and
listed building. One of the few public schoolboys trying his
luck at the time was Nigel Broackes, later to become Sir Nigel,
chairman of London Docklands Development Corporation.
Two of the busiest developers
were Louis Freedman and Fred Maynard who, as Marriott says,
saw that there were "high streets
all over the country which would be crying out for modernisation
as rationing loosened its grip". On the way to a family
holiday in Cornwall, Maynard discovered Plymouth: "I was
amazed. The whole of the town centre was flat," he said.
German bombers had ripped out its heart. The city had planned
the reconstruction and Freedman and Maynard got the job. Exeter
followed. They applied to all towns with a population over 50,000
and soon did deals to rebuild Hull, Swansea, Sheffield, Sunderland
and Coventry. By 1953 they had run out of blitzed cities and
turned to the New Towns - Harlow, Aycliff and Peterlee.
"It was the age of the planner," says Stephan Miles-Brown,
head of residential development for Knight Frank. "The early
post-war developers were bomb-site developers, the ultimate entrepreneurs.
Since then, we have seen massive change in supply and demand.
Now, demand outstrips supply on every new development. Money
is cheap, borrowing is easy and we are selling film-star lifestyles.
Property has asset-class status now, and has made a lot of people
very wealthy. If you ask anyone what they are worth, they tell
you the value of their house."
Big ideas were being tried out on the blank canvas of the late
1940s. The Barbican arrived, designed using the European concept
of a city in the sky, to bring 6,000 people back into the depopulated
Square Mile. Council housing was the new mantra. Town halls were
given new powers to requisition sites and to hire developers,
and new shopping centres were arriving in towns all over England.
Ironically, the Bull Ring in Birmingham has recently been demolished
and replaced, and the Elephant and Castle in Southwark, south
London, is about to be.
Other ideas of the time are
surprisingly familiar. Sir Patrick Abercrombie proposed the
development of the South Bank as an "opportunity
for the greatest spectacular effect of the new London".
He wanted a new Globe Theatre, the Thames revealed as much as
possible, railways buried underground, and decentralisation (hello
Swindon and Croydon). He wanted to relocate 600,000 people outside
London, to build flats to democratise the capital, and he wanted
self-sufficient communities in new satellite towns.
A remarkable number of the
elements of his vision have become reality, but history has
a way of turning sow's ears into silk purses when it comes
to property. As Maureen Waller says: "He
could not know that the loss of London's manufacturing would
be quickly replaced by a boom in office work and the service
industries... he could not have foretold the demise of the Port
of London and the growth of docklands as a location for smart
offices and apartments, let alone the development of Canary Wharf
as an alternative business arena. He probably would not have
guessed at the rise in home ownership and buy-to-let and spiralling
prices, although he would have applauded the regeneration that
these trends are at last bringing to neglected inner-city sites."
Case history
The only time that Jenny
Bishop has left her home in the 69 years she has lived there
was during the war. She and her baby daughter, Helen, were
evacuated from Ashridge Crescent, Shooters Hill, in London,
to Kent. "When we came back, all the iron
ornamental railings had been taken from the front of the houses
to be melted down for the war effort," she says.
Jenny, who has just celebrated
her 100th birthday, still lives with her daughter in the house
built by Laing Homes, which she and her husband bought in1936
for £1,000: "We have
never wanted to move because we have got all we need."
John Laing, who started Laing
Homes, believed housing was the future. "Every class in the country wants a house," he
said in 1948. "Once a man owns his house, he has a stake
in his country."
Montenegro – Beautiful
Views, Beautiful Returns
Make Developer Profits & Off-Plan Gains In Croatia, Without
The Hassle
The Best Beachfront Land On The Black Sea Bought At 57% Below
Market Value
Plus Free London Montenegro
Evening Tickets – Wednesday
July 13th, 6pm
This time a series of very
special development opportunities that are simply so good I
cannot resist investing in them myself. It’s brand new stuff from Jonty & Alise Crossick’s
Ready 2 Rent company, and so confident am I in their operation,
I’m placing £20,000 in each fund.
Here are the details, in
Jonty’s own words:
-------
Montenegro – Beautiful
Views, Beautiful Returns
It’s not often that we are reluctant to share our property
secrets, but Alise and I feel as if we’ve just uncovered
forgotten buried treasure. On a map of Europe you’ll find
the booty marked ‘Montenegro’, a small republic south
of Croatia, where beachfront land is as cheap as a decent carpet
in the UK, starting from as little as €50 per square metre.
I know which we would prefer to invest in, and it doesn’t
need a vacuum cleaner.
If you’re a dinner party host and you don’t like
property then it’s advisable not to invite us as guests.
The problem is that even if we want a rest from property, other
people will always extract as much information as possible from
us between hors d’oeuvres and coffee. It was this way last
night when we were asked which new country we would invest in
if we had £100,000: we proceeded to highlight the merits
of Montenegro.
We look for some of the following signposts before we start
to invest time uncovering any new destination. In our opinion,
Montenegro is now flashing a very strong green light to investors
and offering attractive growth. There is evidence that activity
is underway in Montenegro to satisfy all of the following criteria:
Is the land still relatively cheap?
Has the country undergone recent positive political change?
Has the country undergone recent positive economic change?
Did this country used to be very prosperous?
Does this country offer excellent attractions?
Are there constraints to the supply of property?
Is there sufficient infrastructure to support growth?
Is investment being attracted into the country from outside government
and private organisations?
Is the government pro-business and friendly to outside investment?
Has the country developed a reliable legal framework for property?
Is the country coming onto the tourist radar?
All these factors are alive and growing in Montenegro. Besides
the cheap land on offer, we’d heard Montenegro was equally
as ideal an investor location as Croatia, offering a similarly
stunning coastline, sunshine, a booming pre-EU property market
and low build costs.
We also knew that our development company in Croatia has forecast
returns of 69% per annum. We needed to see whether we could achieve
the same or better in Montenegro, so we caught the first plane
out there to see if it would also turn out to be another land
of opportunity.
Incomparable And Breathtaking Beauty
The first thing that hits
you about Montenegro is just how exceptionally beautiful the
landscape is. Think Tuscany by the sea meets Switzerland in
the sun. Then imagine acres of the best land up for grabs at
a seventh of the price you would typically pay in comparably
beautiful destinations like Lake Garda or on the Amalfi Coast.
It’s a lush landscape of fat-trunked palms and elegant
Cypress trees, terracotta-roofed historic towns that resemble
miniaturised versions of Dubrovnik and antiquated sandstone fishing
villages.
Naturally, there is a smattering of some nasty grey leftovers
from the Communist era, but on the whole it is surprisingly under-developed.
This was also great news to us, as there is a glaring niche in
the market for modern apartments and sumptuous villas to meet
the demand of the ever-increasing numbers of tourists. Of the
sparse new holiday property we viewed for comparable information,
we could see that rental yields for good holiday accommodation
would achieve at least 8%; and that only took a 20-week summer
season into account.
It May Be Beautiful, But Can I Be Sure I Own It?
It must be the most common
question we get asked. In fact, it’s
fundamental to investing. Unless the country has a clear way
in which it can be proven that the owner is the legal owner of
an asset, don’t bother investing in that country. In the
case of Montenegro, property rights were already well established
early in the decade and there is no ambiguity about enforcing
them. Furthermore, a Germany company, using EU money, has completely
organised the central registry for land in the capital Podgorica.
All dwellings over 1,000 square metres are held in this central
land registry. As our development company is buying land parcels
averaging 25,000 square metres, we will be able to rely on this
newly updated register. Phase II of this programme is now underway,
so that the land registry for plots under 1,000 square metres
is currently being upgraded.
Land Remains Inexpensive, But Not For Long
Prime beachfront land in
tourist hotspots can start from as little as €50 per square metre. And with land in Montenegro
making up just 4% to 10% of the final sales price of a unit,
and build costs well under 30% of the final price, Alise and
I could see that a development’s break-even point would
be exceptionally low. On our Dubrovnik development we estimated
that we would only have to sell 10% of the units to break even.
Could we achieve the same in Montenegro? First of all we needed
to find the right pieces of land.
Tourism Taking Off
In fact, it is with some
glee we learnt that the World Travel and Tourism Council’s (WTTC) latest report cites Montenegro
as the third fastest growing tourist destination in the world.
Visitor numbers have been rising steadily since 2001. Last year
tourist numbers rose by 17%. International visitors are up 32%,
65% of whom are German, Russian and Czech. The number of UK tourists
went up by 156%, the likes of whom, incidentally, I noticed at
the airport, were rather well-heeled and tended to be above thirty.
In the next decade, the WTTC predicts that demand in Montenegro
will average an increase of 10.3% per annum. This would put Montenegro
in pole position for the fastest growing tourist destination
in the world. And Montenegro will be the perfect host. Not only
is it crying out for foreign investment, it’s also no stranger
to tourism, which means the people there are familiar with foreigners
and proffer ready smiles.
Restoring Yesterday’s
Prosperity
At its peak in 1989, the
tourist industry here generated some €250
million and played host to a regular A-list of the rich, royal
and famous, including Sophia Loren, Kirk Douglas and Claudia
Schiffer. Prince Charles and Princess Diana also spent their
honeymoon here, on the exclusive isthmus of Sveti Stefan (or
St Stephen).
Plus there’s the potential
for year-round tourism. With its lakes and mountains, unspoiled
coastline, natural health spas and ski resorts, it offers something
for everyone. And it is perhaps a blessing in disguise that
its complete lack of new development during the 1990s has helped
Montenegro avoid some of the mistakes made by its competitors.
This also gives it a chance to develop innovative, alternative
tourism products.
Responsible Government
The fact that its future
development is now carefully governed, following strict guidelines
laid down by the tourism masterplan and ‘Morsko Dobro’,
a government body that ensures the coast is well looked after
by its local owners, also sets it up for an optimistic future.
With all these positive factors,
Alise and I were thrilled when we found land that gave us goosebumps.
The first plot was in Montenegro’s most popular tourist
hotspot, on the Budva Riviera, right opposite the striking
isthmus of Sveti Stefan. The plot was 25,000 square metres
of prime pine-clad hillside land leading down to a private
beach, with a priceless view overlooking Sveti Stefan and out
across the Adriatic. The second piece of land was an entire
bay, 35,000 square metres in total, a few kilometres away from
Sveti Stefan, which was already popular with locals but was
surprisingly undeveloped. Even better, both plots were already
designated for building as set out in the tourism masterplan.
As Alise and I stood on the sun-drenched hillside, absorbing
the breathtaking panoramic views and imagining what we could
build here, we worked out that if we built a luxury apartment
complex (not to mention the villas we also intend to develop),
consisting of, say, 40 apartments of roughly 70 square metres
each, using just 40% of the land, we would only need to sell
13% of the units to break even. This was even better than we
originally envisaged.
Economic Reforms Underway
Across the new EU countries,
economic reforms throughout the 1990s spurred people across
the eastern half of the continent to develop their incomes
and wealth. The natural spirit of innovation, freedom, creativity
and adventure was re-ignited as the glaciers of communism and
communistic mentality melted away. There is no surer path for
investors than to follow the trail set by economic reformers.
In fact, it’s hard to think of any country whose
government has set on the path of radical liberal economic reform
where investors have not been rewarded for taking the risk. Think
of Ireland, think of the UK, think of Lithuania, Bulgaria and
Croatia. Now think of Montenegro. In 2003, a 5-year economic,
political, infrastructure and tourism strategic plan was launched.
This year the country’s ambassador to the UN reported that
95% of the plan was on course for completion on time in 2008.
Entrenched Democracy
It also became clear to us that Montenegro offers ideal conditions
for solid investing. It has a progressive, democratic government,
keen to gain quick accession to the EU, and a positive economic
present and future, recording steady growth of 4% to 5% since
2001. Inflation is down to 4.3% and the IMF forecasts GDP of
4.5% in 2005.
Foreign Direct Investment
DEG, one of the largest development
finance institutions in Europe, was one of the first companies
through the door. In association with the Montenegrin government,
DEG produced the state’s
tourism masterplan, which the Montenegrins gratefully adopted
in 2001, and which provides the blueprint for regional planning
throughout the state.
Amongst others arriving early
at Montenegro’s party were
the emerging markets investment crew, consisting of the European
Bank for Reconstruction and Development, the European Investment
Bank, the International Monetary Fund, the World Bank, the United
States Agency for Investment and Development, as well as the
good old European Union, which, between them (among others I
could mention), stumped up billions to kick-start Montenegro’s
economy and drive its determined reform processes forward. These
agencies, private development companies and institutions’ investments
bode well for the protection of Montenegro’s future and
its continuing ability to sustain itself.
Projects That Are Transforming Montenegro
Arterial road network has been upgraded
Capital Podgorica is now connected to the coast by superior roads
Tunnel project from Podgorica through the mountains will cut
capital to coastal journeys even more
Tunnel project includes electricity and water supplies to the
coast
Adriatic highway under construction that will connect Slovenia
to Greece, via Croatia, Montenegro and Albania.
State-of-the-art automated six-lane border crossing with Croatia
€23 million investment into Podgorica and Tivat airports
The EU And Positive Political Change
What will also increase Montenegro’s
popularity is its potential accession to the EU. Recognising
the benefits of EU membership, Montenegro has been determined
to gain accession as quickly as possible, which has resulted
in a swift succession of policy reforms to meet EU requirements.
A 71% Return
Based on all the evidence
we had, Alise and I were pleased to have secured some of the
best land in the country. We managed to secure the land at
Sveti Stefan for just €200 per square
metre. With low build costs of around €450 per square metre
and a final unit sales price of at least €2,500 per square
metre, we worked out that our development company would have
a chance to make a 71% return. And that’s before you have
rolled your profits into property, which could effectively multiply
the return by over ten times.
Timing Is Everything
From travelling the length
of Montenegro’s 283km coast
at least three times, I can assure you there will be no shortage
of interest in this treasure trove of a place over the coming
months. And we already know that there is a thriving marketplace,
and that land is hungrily being bought up by shrewd Scandinavian,
Russian and German investors. Prime beachfront land, as well
as the best hillside plots, with direct views overlooking UNESCO-protected
fjords and terracotta-roofed towns, won’t remain available
for much longer.
Prices Love a Shortage
One of our first conversations
with third parties about Montenegro told us we were on the
right track. Estate agents had opened in Montenegro and run
out of stock of property within two months. That means there
just isn’t enough of the stuff. Like Croatia,
Montenegro has a coastline with a narrow coastal plain, as the
mountains are so close to the sea. They’re also steep,
which means that however much investment appetite there is, there’s
limited space and consequently a limited supply.
Act Now!
Just as we’re doing in Croatia and Bulgaria (see below),
we’re not compromising on land purchases in Montenegro.
We want the best land and we’re getting it. Because our
timing is excellent and the party is only just beginning, we
have the ability to secure some of the best coastal first line
plots. To take advantage of this window of opportunity and get
a stake in our Montenegro Property Development Company see below
for contact details. Ask us for a brochure.
-------
Make Developer Profits & Off-Plan
Gains In Croatia, Without The Hassle
At Ready 2 Rent we have been putting in place plans that will
allow our investors to share in the profits of developments as
well as re-invest that money into discounted off-plan property,
thereby maximising returns. It just made sense to us. If you
are going to put down money into development so early when buying
off-plan, why not put the money a bit earlier still and make
more return?
Croatia is too good an opportunity
to miss. Its land prices and build costs are very low compared
to sale prices. So this is a great time to be developing property
and sharing in the developer’s profits. We want to offer
you just that chance - to make money at the first stage (as
the developer) and then also, subject to availability, through
turning this investment into discounted off-plan property.
Thus you earn a double profit.
We have already organised the purchase of one of the most beautiful
plots in Europe, overlooking the majestic mediaeval city of Dubrovnik.
This promises to be a stunning development. We have found excellent
partners in Croatia and have a deal flow of excellent land plots
at very competitive prices.
When you invest, none of
your money is directly handled by us. To enable you to sleep
easy at night we have arranged for all monies to be administered
by one the world’s largest Trust
companies, so you can be assured that only legitimate expenditure
is paid out. Furthermore, because we are now operating on a large
scale, we are partnering with one of the top Swiss-German construction
and project management companies to implement project on time,
on budget and to the right quality standards.
You can invest into the Croatia Property Development Company
fund on a general basis, in which case you spread your risk across
a range of developments, or, if you like a particular development,
you can invest in that one specifically. Ask us for a brochure.
-------
The Best Beachfront Land On The Black Sea Bought At 57% Below
Market Value
Imagine what ‘Sunny Beach’ or ‘Golden Sands’ were
like before they were developed. Acres of virgin dunes and not
an ice cream van in sight. Now we have the chance to build our
own thriving beach resort, less than 40km south of Bourgas airport,
next to the Dyuni holiday village. These are the impressive facts
and figures:
576,000 square metres of prime, undeveloped beachfront land;
Bought for an incredible 57% less than its current market value;
cost €48 million to buy, could be sold for €113 million
tomorrow;
235% instant return;
Opportunity to build a luxury holiday resort to beat its rivals;
Land already designated for planning permission;
Infrastructure established;
Construction density 40%;
Blue Flag beaches;
Ecological environment next to nature reserve;
Wealth of sports, entertainment and cultural attractions nearby;
Less than 40km from Bourgas airport.
Based on units costing €1,100 square metres and on a co-efficient
of 40%, we worked out that we could create a development here
with net sales worth €935 million. That means land bought
for €48 million becomes a resort with profits worth €400
million. Ready 2 Rent’s Bulgaria investors have already
seen land we bought this year go up in value by 58%!
In Kranevo, we purchased
18,000 square metres of beachfront land for €2.71 million. We recently received an offer of €3.98
million for it. That’s an increase of over 50%. In Obzor,
another prime coastal location in Bulgaria, we bought 56,000
square metres of land costing €6.56 million. Comparable
land sales support the fact that it’s now worth €11.3
million. And that’s before we’ve even turned a sod
of earth in either of these locations!
Our Bulgaria Property Development Company is open for business
now, so why not get a stake in the best piece of land on the
Black Sea? Call us now to see how you could get in on the action.
Jonty Crossick
Further Research: To join
Ready 2 Rent and take advantage of deals secured by Jonty & Alise,
register with them by calling 01273 627900 or e-mail: info@ready-2-rent.co.uk.
Visit: http://www.ready-2-rent.co.uk for full details, detailed
e-brochures and further information on all opportunities.
-------
Stop Press! Free London Montenegro
Evening Tickets – Wednesday
July 13th, 6pm
There is nothing better than discussing investing face to face.
We are having an investor evening in London to launch our latest
developments in Montenegro and would love to see you there.
The venue is The Landmark
Hotel on Wednesday 13th July at 6pm for 6.30pm. Places are
limited, so please call on 01273 627900 or e-mail ‘Montenegro Tickets’ to info@ready-2-rent.co.uk <mailto:info@ready-2-rent.co.uk?subject='Montenegro
Tickets'> in order to secure yourself a ticket (or two) to
this event.
We will be showing slides
of this beautiful country and discussing the details of one
of our best opportunities yet. As The Independent wrote on
12 June 2005: “In the ongoing battle for the title
Jewel of the Balkans, Montenegro may emerge as the ultimate winner.
The prize: wealth-generating ribbon development along 190 miles
(300km) of spectacular Adriatic coastline.”
We like to think of it as Tuscany by the sea, at a seventh of
the cost, and, as detailed above, have already secured a number
of stunning front-line plots which will provide the types of
returns usually only enjoyed by developers. Our development companies
forecast profits of 300% over a development cycle of 2-3 years.
We look forward to seeing you on Wednesday the 13th!
Jonty and Alise Crossick, Directors, Ready 2 Rent Ltd
-------
I’m sure you can now appreciate why I’m
100% confident to invest with Ready 2 Rent in each of their
development fund opportunities. Frankly, it would be daft not
to.
I shall certainly be in the audience next Wednesday at their
Montenegro evening.
Best regards,
Peter Parfait
The Positive Club
"The
difference between a successful person and others is not a
lack of strength, not a lack of knowledge, but rather in a
lack of will.
" --
Vincent T. Lombardi
"You
don't have to change that much for it to make a great deal
of difference. A few simple disciplines can have a major impact
on how your life works out in the next 90 days, let alone in
the next 12 months or the next 3 years.
" --Jim
Rohn
Remember that if you
are a HPI member that the database is constantly changing
so keep coming back for information about the latest sales, also
use the news and members' forum.
If you
are not already
a member of Hot Property Investor and which to gain
access to the huge searchable database then please click here: http://www.hotpropertyinvestor.com and
hit the join button for a choice of subscription options.
There
are hundreds of auction houses listed, 1,000s of sales a
week.
Kind regards
Hot Property Investor Team