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eZine Issue 9
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| Welcome | Hot Property |
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News Snippets... Watch This Space
Bucharest is the fastest-growing city in Europe There’s been quite a lot in the news recently about the Romanian economy and housing market. Jones Lang LaSalle, the global property experts, reported that Bucharest’s GDP grew by more than 9% last year, making it the fastest growing city in Europe. They further predicted year-on-year compound growth averaging 8.4% for the next five years, the result of increasing inward investment, strong export growth and an acceleration of the already established increase in consumer consumption. more... |
Location: Red Sea Coast, Egypt
Development: Red Sea Beach and Golf Resort 5-Star Beach and Golf Resort; fantastic location; short stroll to beach; 180 degree panoramic Sea Views; outstanding investment with 20% + capital growth forecast and 10% + yield; excellent payment terms for Viceroy Invest members and affordable mortgages; rental scheme in place with adjoining 5-Star hotel; only 20 minutes from Hurghada airport; close to Serrenia, described as “the most exclusive and architecturally inspired waterside address in the world”. click here  |
| VIewpoint |
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Capital Gains Tax from April 6, 2008
Don’t sell anything yet! The Chancellor’s Pre-Budget Report, rushed out last month in case of an election which never happened, contained major changes in scope and complexity in the area of Capital Gains Tax. [more] |
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Market rates
Interest rates So the Bank of England held rates at 5.75% at the early October meeting of the MPC. Though one member of the committee was noted to have voted for a small decrease, no-one voted for an increase. [more] |
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A Great Pyramid Scheme
If It’s Good Enough for Brad Pitt... As in many emerging markets, property prices in Egypt are still quite low. They won’t stay that way for long, but for the time being they are a bargain. Our latest development, The Red Sea Beach and Golf Resort in Sahl Hasheesh, is exceptionally good value, particularly since it adjoins the 5-Star Pyramisa hotel. Studios (and they are large as Studios go) start at just over £52,000. Even a large 3-bedroom penthouse can be had for less than £120,000. [more] |
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Latest Availabiity
As a reminder, here is our latest availability list: [more] |
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See you again soon,
Martin Helm
Viceroy Invest Ltd. |