Another busy, but enjoyable week goes by. Monday we had an evening seminar in Liverpool which was well attended with some investors flying in for the night – a classic “Ryanair effect” I had 2 days in London, on the radio for one of them which I enjoyed immensely and the other spent meeting a major overseas development company which has worldwide interests. Back to Liverpool, Jet-to-Let Magazine design pitch today and off to the Lake District at the weekend for some R&R. Global interest rates The Bank of England left rates on hold at 4.75% and the European Central Bank raised by 25bps to 3.25% which is in-line with market expectations. My view would be that UK rates have further to go – likely 25bps before Christmas and another in the 1st quarter 2007 (based on the latest data), the ECB is likely to have another 25bps in the pipeline, possibly before Christmas and then we will be somewhere near the peak in this cycle and the Fed, well, we may be close or even at the peak presently. For those of us with UK and overseas investments at variable rates this may help you with your planning although as always you are advised to take professional advice on your investments from an authorised person. Cyprus Property Investment We met over 150 investors last week all interested in Cyprus property. Some of these investors were new and others were investing more money into this vibrant and exciting market. You may be interested in the following report by the head of the Land Registry last week: “Property, apartment and detached house prices are expected to increase by seven to 12 per cent in the immediate future, the House Commerce Committee heard yesterday.
According to the head of the Land Registry Department, Andreas Christodoulou, ’From studies that were carried out by the Department, it appears that the value of land will increase when it comes to plots of land, apartments and detached homes, and this is mainly due to the great demand that exists from European citizens’ said Christodoulou.
He stressed that the increase in prices would be within a legal framework and it would be estimated at between seven and 12 per cent, depending on the area.
In some areas the price increase would be higher than in others, he added.” {I think we all know where these are!} Source: Cyprus Mail InvestinCyprus.com We have some of the very best investment opportunities and finance on the island of Cyprus. In addition InvestinCyprus.com has considerable experience in the market and the directors live and invest in the properties themselves. It is always a good question to ask those seeking to sell you property – do you buy these yourself? With sterling at 2 year highs now is an excellent time to invest. We are preparing our latest development which is keenly priced close to the new PGA golf course at Tersefanou – details will be released shortly. Jet-to-Let MagazineThere will be further news on the Cyprus property market in the first edition of the Jet-to-Let Magazine published later this month. In addition we will put the spotlight on 2 other potential investment countries and will take a look at the latest UK property news. Further details and your FREE subscription application can be found at: www.jet-to-let-magazine.com Have a great weekend Best wishes Dominic Farrell
If you wish to discuss your investment requirements with one of our investment consultants then please call: 0151 482 552
