June Newsletter
Hello,
We hope you are well and still investing wisely.
Well what times we live in at the moment, another of the big buy to let lenders has raised the fear of recession to new heights this week, and it seems that all the news media is telling us is the end is nigh. I did however hear a sensible voice out there amongst all the scare mongers this week, and if you look and listen closely he is not alone. The man from Barclays said this week that there is not a lot of proof to show that we are entering into a recession. The warning signs are very definitely there, however things like unemployment, interest rates etc are not as they were the last time we hit a recession. What is happening is that the media is convincing the population that we are and if the media where to stop spreading the doom and gloom message things would start to recover as would the markets. Here here we say.
Now we are not suggesting for one minute that the housing market is going to recover over night we all know that prices will probably go a little further down before we start the recovery, and that this will be a slow process, but in the meantime does this mean we are all going to put on hold the plans for retirement, can we afford to, time does not stand still and waits for no man, there are still many opportunities to look at in the overseas market, (but you knew I was going to say that didn’t you)
At Jood we have been gathering speed to bring you new opportunities that we believe to be a good investment and offer those all important returns to help build up the retirement fund, we have just brought on board Jalandhar in the Punjab, India, as well as a town ship outside of Mumbai were you are able to purchase a plot of land with planning permission to build a villa in a gated community. We are also looking at several other developments throughout India as the returns our clients have been seeing are to say the least impressive.
The plots in Brazil have been selling well and we have managed to secure some more of the beach front plots having sold 35 of these in just 4 weeks, however the U.S Dollar is starting to make a recovery so if you are thinking of investing in this project the longer you delay the more it will cost you.
We will also be bringing you some new developments for Egypt, a recent report showed that tourist numbers to Egypt rose be 20% in 2007 and are expected to rise again this year, and growth is expected to be between 20- 30%.
So keep popping back to the website from time to time and checking your e mails, we will let you know what we have and when we have it.
Take care
Andrew and Brett
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