Property Venture® helps people buy property abroad in a common-sense way, in countries like: Poland, Spain, Bulgaria, Cyprus, Montenegro &, Morocco. Welcome to our monthly e-newsletter.
Introduction
Starting back to work after Christmas, we must all be wondering what 2009 will bring. Especially for those of us with interests in the property market. Looking forward to 2009, indications are that financing may get easier, with the government plans to provide guarantees on mortgage securities (“securitisation”). Until now, available financing, the Euro exchange rate, lack of confidence in the global economy has stymied overseas property buying. Those that are buying, are obviously seeking keen deals and more ready-built property than off-plan, unless from a really reputable developer.
Poland has been in the news
Poland has weathered the Global recession better than most, although economic growth is slowing, 5% in 2008 with expectations that it will reduce to 2.6% for 2009, the property outlook is much better than for most Western European countries. Bank rate cut by 75 basis points to 5% in December, signals cheaper borrowing for investors, based on a lower WIBOR (Warsaw Interbank Offer Rate) rate of 5.72% on which lending is based. Read more
Whilst major cities like Warsaw and Krakow are becoming less cheap to buy investment property, towns like Łodź in Poland are up and coming investment opportunities. Commutable to Warsaw, fundamental infrastructure improvements in the next few years mean that it is already a sought after destination for major blue chip firms like Dell, DHL, Ikea, Bosch Siemens, Gillette P&G…Read more
Featured property of the month
A 1.5m housing shortage and economic fundamentals mean Poland is likely to see a bounce back quicker than many markets. Łodź is a place to watch and will experience greater levels of capital growth than many major cities. Exchange rate is in Polish Zloty not Euro. Centrally-located apartments, close to Piotrkowska street. Prices from £55,000, representing 10% below market value (BMV). Click here
Cyprus has been in the news
Alistair Darling announced changes to Air Passenger Duty (APD), as part of the pre-budget report unveiled in December, for Britons flying to overseas destinations. Currently the levy is £10 for European economy fares and £40 for long haul. From 1st Nov '09, there will be 4 distance bands, at intervals of 2,000 miles from London, starting at £11. Countries such as Cyprus, Spain and Morocco benefit, falling within the 2,000 mile radius.
Cyprus has some exciting projects in the pipeline for the next few years... Read more
Featured property of the month:
Pissouri Gardens near the beautiful and picturesque town of Pissouri have 2 bed maisonettees available and are offering property with free white goods (a minimum of €2,000 worth), no VAT to pay and a free furniture voucher of €3,000.
Prices start at €189,000 Click here
Special Offers
From time to time we produce a Common-Sense Guide. We have the latest version “An Introduction to Overseas Property Investment” still available for free. To download it, click here
Your opinion counts
We welcome your thoughts on items that should be included in the newsletter. If you have any constructive suggestions to make then please e-mail
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Contact: 01932 849536 
© Copyright Business Venture Ltd. 2009 
