Great UK Investment Option, Green Parks.

The MAK Property Partnership portfolio tends to only include, what we consider, some of the World’s best overseas property and commodity investment options. However, from time to time we come across a project in the UK that fits perfectly in to our world-class portfolio; such as Green Parks, located in Westward Ho! Devon (UK).

Green Parks is a prime example of what the MAK Property Partnership wish to offer our clients; Fantastic properties, outstanding locations, low entry levels and most importantly – high returns on their investment.

I’ll quickly let you know the exceptional investment facts before talking more about this luxury resort:

The investment

-         The properties are well below market value

-         Ownership options from 20,000 GBP

-         An exceptionally low deposit of 10%

-         Superb developer buy-back option of 198,000 GBP on full-ownership properties (contracted agreement)

-         5% Contracted annual rental return.

As you can see, this is certainly a great option for anyone considering property investments in the UK.

The Resort

Two miles of golden sandy beaches, thriving beachfront cafes and bars, outdoor pursuits and a tourism hotspot with stunning ocean views; welcome to Green Parks, Westward Ho! Devon.

The executive apartments at Green Parks are situated within 50m of the two miles stretch of sandy beach and the beachfront promenade with the local bars, restaurants and attractions all just a stone’s throw away. This stunning location is only further complimented by the fantastic returns available.

Within the development itself, guests will be greeted at the development’s pleasant and welcoming reception before being shown to their spacious, fully furnished executive apartment. Enjoy dining at the on-site restaurant after having sat down for a refreshing drink at Green Park’s bar. During the day, take a gentle dip in the development’s indoor swimming pool before sitting down to relax on one of the pool-side loungers. Each and very property at Green Parks comes with an easy-ownership package. There are no ongoing fees or bills to pay - you simply buy and relax.

The Location

Westward Ho! is ideally situated on the north coast of Devon in England’s beautiful south-west. The town thrives on tourism and is currently undergoing an extensive regeneration project that will enhance the existing facilities and boost an already booming tourism industry in the region.

Green Parks is located on the north coast of Devon in the UK’s picturesque south-west. Westward Ho! thrives off the tourism the town sees throughout the year and is currently undergoing a massive regeneration project that will further better current facilities and increase the already booming tourism industry in the region.

For more information or to contact us about this opportunity:

Website: http://www.makproperty.com

Good and Bad Times for the Euro Zones

Countries in the euro zone are currently facing a peculiar time indeed, with worries over the Greek debt just one of a few dilemmas. Various analysts had been expecting the euro to decrease in value due to last week’s news that Greece has been downgraded by the ratings agencies and is likely to go in to a temporary default.

The strange thing is that this news has sparked interest in the property buying market over in Greece and Rightmove Overseas report that searches for properties in Greece have increased by 21.7% on their website.

The situation in Portugal with the recent Royal Institution of Chartered Surveyors/ Ci Portuguese Housing Market survey showed that weakening demand is continuing to depress the residential property market. There is, however, one piece of good news; it seems prices are falling at a slower pace. Portugal is facing a harsh economic climate and has joined Ireland and Greece in needing a bailout from the European Union and the International Monetary Fund; pessimistic reports also state Spain and Italy could be next, let’s hope not!

You may be wondering what effect this information is having on the UK and international property markets? Well, prices just might go down before they rise, which means it could be difficult to tell if the prices are currently rock bottom but if you are looking for a home abroad, or for holiday usage, now is one of the better climates to buy in as prices are fairly low. However, if you are looking to sell your property on, in the short term, then it’s not such a grand idea.

Seen time and time again, long term property prices in these countries will eventually climb; if you’re purchasing for profit be prepared to wait at least 10 years or so.

Still attracting a lot of international buyers to the UK property market is the weak Sterling and London has seen a trend of international buyers rapidly increasing.

The UK market is a confusing place; an abundance of indices and analysis reports speak of London as being a completely individual market with prices rising at astonishing rates while the East side of London was expected to see similar increases, due to the so-called ‘Olympic effect’ which was predicted to increase property prices by similar rates, have only seen slight increases.


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sourced: www.propertywire.com

Is the overseas investment property market heading in to a "..frenzy of regulatory activity..."?

There could be some serious implications for the Overseas Property Industry due to the recent crack down by UK regulator, the Financial Services Authority (FSA).

Seven land banking companies have been banned from trading and in many cases severely fined. The companies are believed to have breeched the Collective Investment Legislation, which according to property investment lawyer John Howell is “extremely vague.” This regulation could well snare even the most reputable overseas property agents.

Stowford Place Investments, Consolidated Land, ASA Global Investments, Prinston Estates, Alpha Capital Investments (London), Greenacre Global Partners and Vinci Trading are the seven companies that have already faced winding up orders by the High Court in the past few months. Consolidated Land’s director has been hit hard with an order to pay an interim payment of 920,000 GBP in compensation to victims awaiting a full trial.

Collective Investment legislation

The land banking products the seven companies had sold were deemed (by the FSA) to be collective investments and therefore the companies should have been FSA authorized to sell them, however, they were not. Because the companies were not authorized by the FSA the transactions were deemed illegal and the companies were banned from trading and the directors become subject to hefty legal bills and fines.

According to international property lawyer John Howell, the definition of a collective investment scheme is “extremely vague”. At its most basic a collective investment is one where income is pooled, the most common example being a fund.

However in this case, most of the investments concerned had no income at all. The vague rules allow for land and property investments to be defined as collectives where there is no clear separation between the sale and the rental of the product. In other words if the sale and the rental of the product is done by the same company, the product could fall under these restrictive rules.

One of the key issues is control. If a property or land buyer has no choice over who rents their asset, the investment can be deemed a collective. In the case of land banking, the buyer is dependent on the land banking company to help them get planning permission (and therefore income) and so the product is deemed a collective investment.

In recent months the FSA have stepped up their actions against companies selling certain types of investment properties. The risk is that a whole range of overseas property and international investment products will be “swept into this black hole in a frenzy of regulatory activity” according to Howell.

For further background on the legislation see our recent article here and also the FSA website. You can also contact John Howell at john@jhco.org for further advice. John Howell is currently leading an industry lobbying group to clarify the issues around collective investments for the industry.

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Are Property Sellers Wasting Agents' Time?

Property agents are having to work up to three times as hard to make sales (as opposed to last year), due to the fact that many sellers are asking for unrealistic prices and can afford not to go ahead with sales.

According to the property conveyancer, 1st Property Lawyers, a sensational 29% of potential property sales fall through. The main cause of this is not what you expect; it is not the lack of mortgage finance available, but that sellers pull out because they expect to sell at pre-crisis, pre-recession prices – mad fantasy? Indeed, but they can often afford not to go through with the sale.

Head to Head – Sellers Vs Buyers

A mixture of the low interest rates and the cost of almost nothing to put a property on the market have led tens of thousands of sellers to “test the water,” only to withdraw when they don’t receive pre-crisis level price offers.

These low interest rates mean most sellers can afford to not sell their property if their desired, often unrealistic, prices aren’t met. The problem is that buyers can not pay the crazy prices that the seller wants and the seller won’t sell until their crazy prices are matched.

What a palaver.

One way to resolve this issue is to return to the day we had relaxed mortgage lending, another would be for interest rates to rise (or bank forbearance to fall), but this doesn’t seem to be on the horizon.

Ultimately, there are thousands of properties on the market that aren’t actually for sale – It’s a massive waste of time for everyone involved.


www.makproperty.com
sourced: www.globaledge.co.uk

MAK Property Partnership & The Children's Respite Trust

MAK Property Partnership is proud to announce that we have agreed to hold a charity fundraising event on behalf of The Children’s Respite Trust; we are currently in the planning phase of our first charity event. We are aiming for the event to be a social walk where friends, families and work colleagues, of all fitness levels, can take part; we will have more information for you in the next week.

The Children’s Respite Trust was founded in 2010 with the intention to give children with disabilities and their families a break from life at home. The Children’s Respite Trust fundraises and pays for these short breaks which are provided in privately run centres that have been thoroughly examined and selected together with the families to ensure they feel as safe and relaxed as possible.

The support is provided to families by experienced volunteer Caseworkers with vast backgrounds in many industries; which allow The Children’s Respite Trust to help families on many levels.

This is truly a fantastic and unique charity. MAK Property Partnership will be doing our very best to raise funds to aid their cause; so stay tuned and get involved when we publish the details of our first fundraising event, hopefully by the end of next week!!

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Thank you.

Attractions of Samos, Greece.

Are you planning on visiting or maybe even investing in Samos (http://ping.fm/qyEk2 )? Instead of sunning yourself on a beach for a week or two, why don’t you go and experience some of the outstanding wonders that Samos has to offer; I’ve even compiled a list, (albeit 3), for you:

The Pythagorion Archaeological Museum

This museum is fascinating and a great way to spend a couple of hours out of the sun. The exhibits are displayed in chronological order, from megalithic through to Byzantine, over two floors with some enlightening visuals from Greek history.

The first floor has a collection of sculptures, including Archaic, classical Greek and Roman, dominated by a grand statue of Trajan which is still displaying some of its Imperial purple.

Throughout the exhibit there are a number of burial recreations which display objects in the state they were in when found.

The Efpalinion Tunnel

The Efpalinion tunnel is located near Pythagorio and is an exquisite example and a tribute, of ancient Greek engineering. In length it is over 1 KM and was created to be a substantial supply of water to ancient Samos around 2500 years ago. It is understood that work began from both ends of the tunnel, which ended up meeting in the middle to an accuracy of only a few inches.

As it stands the tunnel entrance is not a great attraction, but once you enter and begin to walk the distance, you can certainly understand that it was such an immense achievement in ancient Greek engineering.

Samos Dive Center: The Diving Experience

For a number of years Samos has been closed to diving, however, in 2006 the laws changed allowing diving in the area. The Samos Dive Center offers a range of fantastic diving experiences:

Discover Scuba Diving – as a complete novice, aged 14 plus, you can experience the wonderful underwater world, in a safe environment. With 2 hours training you can be underwater with a qualified instructor by your side.

Snorkeling & Skin Diving – lessons on the techniques used to maximize your snorkeling experience are available via qualified instructors. Water scooters and underwater cameras are rentable.

Diving Trips – for the more experienced divers after a challenge, or divers just looking for a good time; small groups are assembled to ensure divers get the most out of their experience and are guided with a PADI Professional.



Have you visited any of these attractions? Contact us and let us know what you thought!

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Brazil Still Booming

While many countries continue to see negative headlines in the economic news Brazil can’t seem to put a foot wrong. There’s still an exceptional sense of excitement over the future of Brazil among economists and investors alike.

According to the Brazilian Institutes of Geography and statistics (IBGE) at the start of 2011 Brazil’s GDP had increased by a staggering 7.5% making it the highest since 1986. Due to an extreme low unemployment and increased wages (that has enabled greater spending); the Brazilian economy has grown further.

The GDP in Brazil has increased by 4.2% over the first quarter opposed to the first of last year. The latest snapshot of Latin America’s largest economy “confirms that the Brazilian economy is in a cycle of sustained expansion, at a pace that is harmonious with the internal and external balance,” According to Central Bank President Alexandre Tombini. The data also indicated that the blistering pace of growth recorded last year has continued in to 2011.

As consequence, Brazil is seeing a great deal of interest from worldwide investors who want a slice of the pie.

The booming north-east of Brazil is undoubtedly an economic bread-winner. It has seen a regional GDP increase of 4.2% per year (avg.) over the past 10 years, when the national average is 3.6% According to an article in The Economist.

The north-east of Brazil will soon be home to the world’s largest eco-friendly resort, EcoCity Brasil. Here at the MAK Property Partnership we feel there is no better time to invest in such an outstanding opportunity located in such a magnificent and luxurious setting.

This opportunity has been on-going since 2009 and interest from European investors remains extremely high. Investment entry levels start at 20,000 GBP and returns are estimated to be between 113%-191% with an option to exit with cash or to buy a plot/ real estate in 2-5years. The north-east of is by far the most visited region in Brazil with a 50 million market of internal tourists and with a shallow supply of luxury resorts, EcoCity is eagerly anticipated.

Contact us for more information about the fantastic investment opportunity at:
http://www.makproperty.com/contact