Newsletter - 14 July 2005
It has been another incredibly busy month for IPS and a very interesting one
with regards to the international property market.
On the 12th of June, we had over 150 people attend our South African
"Property Bonanza"
at the London Rowing club. We recently managed to secure our first 100% mortgages and have since arranged mortgage pre-approvals for several of
our clients. We finally persuaded Hannes Dreyer to bring his popular wealth creation workshop to London, and we held our first
mini-workshops on buying property in South Africa and property investment.
The Economist recently published a very pessimistic article on the state of
the global property market. While the global property market is undoubtedly
beginning to ‘cool off’, we believe that an analysis of the macro-economic
factors should be coupled with an understanding & study of the local
property market structure to provide a better insight into what the future might
hold. We have included several articles & links to provide an informed view
of the current market opinion.
In the UK, the euphoria from the successful London 2012 Olympic bid was
quickly deflated by the tragic events that unfolded on Thursday. Both the
British and South African central banks have left their interest rates
untouched, although there is a lot of talk of the UK committee cutting the rate
this Thursday.
Lastly, it is our one year London anniversary this month, and we are looking
forward to celebrating a very exciting year in which we have helped so many new
clients with some fantastic property investments!
General overview
A recent article in the Economist reported that the
worldwide rise in house prices over the past five years is the largest “bubble”
in history, bigger than the global stock market bubble in the late 1990s. In the
past 5 years, the total value of residential property in developed countries has
increased by $30 trillion, or 100% of the countries’ combined GDPs. If the
bubble bursts, how would this affect the South African property market –
currently the fastest growing property market in the world? Read more...
IPS Mortgages: Mortgage Pre-Approvals & 100%
Finance
Did you know that IPS can help you get a mortgage for a South African
property? Not just any mortgage either: we are now able to get up to 100%
loans from the South African banks, and can also process pre-approved
mortgages. With offices in London, this means financing your property
investment has never been so easy! Click here for more information...
We've updated our website to include three mortgage calculators (an Affordability
Calculator, a Repayment Calculator, & a Transfer Cost Calculator ), and an
excellent Bond Optimizing Software Suite that should cover all your
bond/mortgage calculation requirements - available for free download!
"In any market, the way to make money in property is to buy a property below
market value. Many people think that the key to making money is to get a good
selling price. The secret, however, is to make your money when you buy. Buying
under market value means that you immediately have equity – or profit – locked
into the deal. In addition, this gives you greater freedom to choose when to
actually sell – you can even sell straight away if you’ve found a really good
deal. So how does one buy a property below market value?" Read more...
12th June: South African Property Event in
London
IPS hosted another successful, sell-out event in London on
the 12th of June 2005, which was attended by over 150 people.
The highlight of the day was undoubtedly the calibre of the speakers, not
least the keynote speaker, Charles Everitt, Chairman and founder of Chas Everitt
International. Mr Everitt presented the London audience with a heartfelt
overview of the South African property market, expressing his belief in the
country and its future. He urged South Africans to believe in their country and
most of all to realise the potential which the country has. Mr Everitt’s speech
set the tone for the day and the audience were privileged to hear from one of
the legends of the South African property industry. Read more...
The Property School's Wealth Creation Workshop
People are willing to spend millions on property but are
not prepared to spend the time and money on finding out how it works. How much
time do you spend reading the operating manual of a new DVD or video camera
before you use it? A property costs 1000 times more and should be a route to
reaching your goals and even financial freedom.
Investing in yourself first is a complete change of mindset, as well as being
an essential step towards becoming truly successful and achieving what you are
capable of. We bring you only the best information & workshops on property
investment and wealth creation. On the 3rd of July, we finally managed to get
Hannes Dreyer to bring his popular Wealth Creation Workshop to London, from
which we've had some very positive feedback! A large number of you were unable
to attend as you had previous arrangements. We are hoping to get Hannes back to
London towards the end of the year; we'll keep you posted!
Hannes Dreyer is one of South Africa's most successful property
entrepreneurs, with an incredible track record and a vast amount of experience.
In 2002 he set up Property School in South Africa as he was passionate about
teaching his fellow South Africans about the principals of wealth creation.
Read more...
One year birthday
IPS launched its service in London on the 23rd of July 2004. To celebrate a
year in London, we will be having drinks after work on Thursday the 21st July.
All our valued IPS Investors have been invited to join us as a tribute to their
commitment over the last year. We will also be celebrating the 41% increase in
value of the properties we have helped our clients invest in!
Lastly...
I would also like to take this opportunity to thank the IPS team for their
very hard work and also our partners who have been outstanding in helping us
provide our service to our clients.
Till next time, happy investing!
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