New Developments
Special Announcement:
November 2008
With recent events in the finance and property markets caused by the global Credit Crunch, Advantage Portfolio have taken the decision not to promote off-plan property opportunities at this time. Advantage Portfolio will continue to review the market, and will contact our subscribers once conditions stabilise and clear growth opportunities in projects and deals we research return. To subscribe, please contact us.
We believe there will be especially good opportunities in the secondary market, as distressed sales of apartments in locations with good rental prospects become more prevalent. We also anticipate excellent opportunities in new areas such as land rezoning.
Previous projects:
Sterboholy Gardens - Prague: A truly unique development with strong appeal to local owners and tenants
A very well appointed development designed for the emerging middle class in one of Europe's fastest growing cities.
Outstanding villas of the highest specification, just 150 metres from golden sand beaches, shops, restaurants and bars.
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The Right Property Type
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Some property investors will tell you that successful property investment is based on three factors: location, location, location. Whilst location is a major factor in our chosen markets, so too is the TYPE of property.
Our research shows that the right type of buy-to-let property in Central and Eastern Europe in which to invest should be targeted at the local, emerging middle-class and professional-class tenants rather than ex-pats.
These tenants are now abandoning the communist pre-fab, high-rise so-called panalak buildings in favour of modern apartment developments, in line with their personal aspirations for increased status and wealth.
Whilst it may be tempting to invest in a higher-value westerner-style luxury city-centre apartment to rent to ex-pat senior managers, our experience shows that this class of tenant is becoming increasingly rare as they return to their home countries to be replaced by local management.
High-end apartments are simply too expensive for the local rental market, and thereby endure long rental voids and are more difficult to resell since there is low local demand for them.
With this in mind, consider your investment exit strategy carefully. For example, typically 75 per cent of the apartments in the developments we promote are sold to the local owner-occupier market, so when you want to sell, there is an established, vibrant local resale market.
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