Del Boy always dreamed that "by this time next year Rodney, we’ll be millionaires."
If he had put his money into property in the Czech Republic he would have pulled it off even sooner than he could have dreamed!
UK buyers can get into the Czech property market with deposits of just 15per cent, and a five-year fixed mortgage rate at 5.7per cent. Smart investors then rent out the property to cover mortgage repayments in one of the most dynamic economies in the newly-expanded European Union.
Neil Lewis, Director for www.PropertySecrets.net
"Our forecasts reveal an expected annual growth of more than 15per cent over the next 10 years. Based on this figure, if you bought a 100,000 euro property with a 15,000 euro deposit, you could see a 347per cent profit on your investment in just three years."
It means, says Lewis, that if you put down deposits totalling just 105,000 Euros - £75,000 - for seven properties in the Czech Republic worth up to 100,000 Euros each. Within ten years those properties will be worth more than 2million Euros - and give an investment profit of more than £1million!
These homes are precisely the kind of modern, attractive apartments currently in huge demand among young couples and upwardly mobile families in the Republic.
Neil Lewis adds: "When the rate of VAT on new build construction goes up 19per cent, in line with the EU in 2007, we expect a commensurate hike in real estate prices too which is why our overriding message to you is to get into the Czech property market as quickly as possible."
The Property Secrets report chimes with upbeat analysis of the Czech Republic economy by The Eurochambres Economic Survey which reveals that in 2004, total turnover by Czech enterprises from the manufacturing and services sectors will have grown 52per cent and exports will have climbed 43per cent.
As a new and fully-fledged member of the European Union, the Czech Republic has a stable, democratically elected government, historically low interest rates and almost unheard of inflation: a perfect magnet for foreign investment and rapid economic growth.
Neil Lewis adds: "Right now we believe that the Czech Republic represents one of the most exciting property investment markets in the world - both in terms of a high level of security and for exponential growth.
"When buying an investment property overseas: it’s not all about holiday villas, sun tan lotion and cheap bottles of foreign wine. If you’re looking to make serious gains from either rental or capital gains in the Czech Republic then the target properties you HAVE to look at are those suitable for rent and eventual resale to the DOMESTIC market."
The Property Secrets 120page Czech Market and Forecast Report is available at http://www.propertysecrets.net. Purchasers get both a hardcopy, book version of this report in the post - as well as the chance to download it straightaway, all for the special launch price of just £49.37 rather than the usual £57.
