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Welcome to Overseas Property Haven

Overseas Property Haven is an independent property agent specialising in the overseas market and in particular the emerging markets that can provide a second home in paradise or become a long-term property investment for the future. Our aim is to offer a wide range of innovative projects and developments in excellent locations that enables clients to choose a property that best suits their requirements. We are committed to quality and excellence in all areas and most importantly dedicated to making sure that every aspect of our service concludes in each and every client choosing the bespoke property that not only best suits their lifestyle but will also result in achieving the best financial return on their property investment. With long-term strategic alliances in place we have access to over 20 years of experience in the international property market, offering reliability and security for your peace of mind. We would like to invite you to take this opportunity to look at our service in more detail and look forward to working with you in the very near future.

W: www.overseaspropertyhaven.com       E: info@overseaspropertyhaven.com

As an emerging property market specialist offering a full range of property investment opportunities we understand that whether you are a first-time buyer or an existing owner looking to make additional purchases in new areas, taking the next step in realising your dream can be that of a somewhat daunting one. That’s why we here at Overseas Property Haven make it our business to make sure that you are guided through the complete buying process from start to finish and beyond. This means that as a client you are: · Given a full understanding of what to expect. · Offered carefully chosen locations where land ownership and planning permission is confirmed. · Offered the right properties for you. · Offered developments at a good price that are constructed to the highest build quality and aimed at giving you the best financial return on your property investment. · Given thorough, friendly advice and guidance throughout the whole process. · Provided with a complete bespoke service. · Offered a relationship with us that goes beyond the buying process to completion so that we can help you realise your dream. This all means that you can relax and know that when you have made your decision you know that it will be the right decision for you.

The best place to invest in Europe

Romania has proven to be a safe place with high capital appreciation especially in the Bucharest area. Romania real estate is currently undergoing major infrastructural developments which will see further capital growth all over the country. “The growth trend is expected to carry on for the next 5 years” says Damien Thiery from Romanian Properties Ltd, who adds: “Romania joining the EU January 1st 2007 along with the development of tourism on the Black Sea coast and in Transylvania, will prove that Romania in the years to come will have one of the fastest growing economies in Europe”. The “Super Highway” between Constanta and Budapest which will go through Bucharest and Brasov will be a critical element in securing Brasov’s role in Eastern Europe on a long-term basis. Not to mention that low cost airlines will soon fly to several cities in Romania lead by Wizz Air who has announced scheduled flights from London Luton to Bucharest in January 2007. British citizens are increasingly purchasing properties in Romania either as investments or holiday homes.

Where to buy in Romania

The scenery in Romania is stunning and unspoilt, the cost of skiing is very low compared to the rest of Europe, the coast is superb and the Romanians are very welcoming.

As a pure investment or even as a holiday home or apartment, Brasov in Transylvania offers one of the highest potential returns as its location near the ski resorts, its infrastructural developments (new airport to be completed in 2008, “Super Highway”), and its lovely traditional town center makes Brasov one of the most sought after locations in Romania.

Romanian Properties Ltd currently offers the opportunity to purchase off-plan apartments in Brasov built to Western-European standards at 900 Euro/sqm.

The coast and its sandy beaches will see a high development of tourism from Western Europeans who are only starting discovering the beauties of Romania.

The investments in Bucharest (shopping centers, off-plan, resales) started a few years ago,

and as such the prices have already gone up in and around Bucharest. The potential, though still substantial, needs to be assessed very carefully.

Prices are very cheap in rural areas but you need to be prepared to spend some time and to have renovation expenditures for your property to achieve British standards.

Steps to buying in Romania

Doing your research as well as finding a well-established agent based both in Romania and in the UK are key when purchasing a property in Romania.

No capital gain tax when selling your property 3 years after the purchase of your property makes your investment in Romania worth while. You will need to raise the cash as mortgages are currently not available yet to foreigners. Should you wish to buy a villa or a plot of land, you will need to set up a company which is a very simple process – your estate agent should assist you with it. Purchasing a new or off-plan apartment can be carried out in your name without requiring a company formation.

What’s Next

Contact Damien Thiery from Romanian Properties Ltd (0870 224 2142) should you want any advise with regards to your property purchase in Romania.

Real Estate Markets, Confusion, and Investor Psychology

In the current, icy-cold real estate market, there are two schools of thought regarding when to invest. One school contends that it is the perfect time to buy, with the dearth of buyers and abundance of sellers keeping prices down. The other argues that prices have steadily crumbled for the last year, and may not have reached rock bottom yet. So what’s the answer? When is it a good time to buy into real estate?

The answer is right now. But wait, what if the market still has another 5% to drop before hitting bottom? That’s entirely possible, and anyone that says it’s not is either lying or a fool. But so what? Maybe the market is currently in the process of turning around, with a 5% immediate gain on the horizon? The point is, no one knows what tomorrow will bring for the national real estate market, which is an eternal truth that is doubly true in the current market that has baffled so many experts.

You could sit and try to perfectly guess the bottom of the market, and when it passes you by and starts rising, you’ll curse yourself for not buying in and STILL not act. You could still be waiting in five years from now for the “perfect” time to buy. So if you can’t accurately predict the bottom and buy at just the right second, how do you make a sound investment?

There are two strategies that allow you to succeed in the old Buy Low, Sell High model: buying wholesale allows you to Buy Low, and holding the property as a rental allows you to Sell High when the moment is right.

Buying Wholesale

The good news is that everyone and their grandfather are trying to sell right now, so prices are already low. The bad news is that this makes investors complacent about deal-hunting, because everything looks like a good deal.

You still want to find a good deal relative to the existing market, so forget your ideas about what housing “should” cost in your area and only think about what it DOES cost currently. One possibility is to buy through a professional wholesaler, who generally make their living by buying deeply discounted properties and flipping the contract at a shallow discount (e.g. they put a $50,000 house under contract for $25,000, and sell it to you for $40,000). It is possible to get a good deal from wholesalers, but be extremely careful, because every single one of them will tell you they’re doing you a favor and offering you that property at a near-loss for themselves, while trying to sell it to you for as much as absolutely possible. Negotiate, negotiate, negotiate. As a final note on wholesalers, you can find them by calling the numbers listed on “We Buy Houses” signs, or by contacting hard money lenders, who are either wholesalers themselves or know many of them.

Alternatively, you could try to find those deep discounts yourself, but it’s easier said than done. The most effective way to find these deals is simply to develop an enormous network of contacts from all walks of life, from contractors to neighbors to fellow investors to your own tenants, if you have them. Deals will come your way sooner or later, but you’ll have to keep your ears open and your rolodex full.

Rent it Out = Wait it Out

By buying low, you ensure that your monthly expenses will be low, allowing you to sign a rental agreement with a tenant for a healthy monthly cash flow. If the market doesn’t turn around for another two years, so what? Another five years, so what? You’ll be making money as a landlord, and every dollar you have to invest in maintenance, repairs, etc. is tax-deductible as a business expense. When the time comes when the market overheats again, you’ll be poised to make a small fortune by Selling High.

Or, if you enjoy the money that little rental agreement hauls in every month, you can keep the rental property forever, and allow your tenants to pay off your mortgage!

Sure, the real estate market is icy right now. So what? Buy in, hunker down with a rental agreement, and sit tight allowing your tenants to pay your bills for you. When the market turns, you’ll find yourself with some sizable real estate assets.