Felix Tettey - Sceptre Properties

04/06/2024

04/12/2023

COP28 DUBAI

Dubai is currently in the news as hosts of a very important global summit, COP28. The summit venue is Expo City, Dubai.

Question is what is COP28? It is 28th session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC). It started on Thursday 30 November and will conclude on Tuesday 12 December.

The summit is an opportunity for governments and organisations to discuss how to limit and prepare for climate change. Time, scientists tell us, is running out for solutions to be implemented that will enable us avoid future climate catastrophe.

In-person attendance to this summit, is only open to registered representatives of Parties, observer states, and admitted observer organizations.

Another question is why is Dubai the host of this summit rather than the Emirati capital, Abu Dhabi, which is the largest of the seven emirates that form the United Arab Emirates?

It is simply because of brand Dubai. This city-state has, over the years, built a reputation as a global transport hub and haven of free trade.

Coupled with that the total registered delegates for COP28 is about 100,000. Ninety-seven percent (97%) are in-person delegates. This makes the Dubai summit the largest COP in history.

Why is this important to you as a property investor? It shows the 'pull' of Dubai as an investment hub. Dubai is also a well known holiday destination and transit hub for passengers travelling on long haul flights to Europe/Americas from the Far-East and vice-versa or from Europe/Americas to Africa and vice- versa.

Investing in Dubai property would have both a capital and income returns appeal (our earlier posts on these returns refers).

Subsequent posts will explore why property investors should consider investing in Dubai

Tel no - 07944 023339/07846 852485
Email - [email protected]

27/11/2023

As we have seen in our previous post , investing abroad is an option for property investors. We could call it a way of diversifying the property portfolio of investors.

Possible destinations for investing in properties overseas maybe mainland Europe with strong tourist industries like Greece, Spain, Portugal, Czech Republic, Croatia and France.

Other possible destinations for investing abroad maybe some of the G7 countries like USA, Australia and Canada

The emerging economies of Brazil, South Africa, India, Ghana and Kenya are also possible places where investors could invest in property.

Dubai has also become one the world’s most sought-after destinations among those looking to invest in overseas property.

In our next post we will have a look at why Dubai has become such a hotspot for overseas property investment.

For further information on this post or any other property investment query you can contact us via the following:

[email protected]
07444 423239
07846 852485

22/11/2023

INVESTING ABROAD

Investing abroad could be a consideration for investors who are either fed up with the home property market or intend on having a diverse international portfolio.

Reasons for investing in property is varied. The following may be a few of those reasons:

1. Having a holiday home in a nation you frequent for business or holiday

2. Being part of another community and culture as you spent time in your overseas property

3. If the rental yields are higher in the overseas market than in the home market

When it comes to investing abroad the main principles apply everywhere.

Location is important. By location I mean choice of country to invest in is key.

Property prices may be cheap in a particular country but they may be difficult to sell as demand may be low.

Another consideration, apart from price, could be the socio-political climate of the potential destination of investment

Some considerations for location could be emerging economics, nations that have an emotional pull for the investor (family originate from there), destinations with a lot going for them amongst others.

For more information contact
07846 852485
[email protected]

14/11/2023

RENTAL YIELDS

One of the considerations of potential investors in buying residential buy-to-let properties is rental yield.

This is basically the potential return you can receive from the property through rent. It is calculated by taking the annual rental income and dividing it by the value or purchase price of the property. You then multiply the result by 100 to obtain the percentage figure.

Rental yields are either gross or net. The above calculation is an example of gross rental yield.

Net rental yield is calculated using the price of the property, the annual rental income and in addition associated costs like insurance, maintenance and estate agency management fees.

For buy-to-let investment properties a good rental yield would be 7%.

The average rental yield for the UK in 2023 is about 5%. Regional variations in property values and rents mean there are different yields across the country.

This is also true for various nations and should be considered when thinking of investing abroad. Average yields in one country may be better than in another country and this will be a consideration for investors who intend to have an international dimension to their portfolios.






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10/11/2023

First time buyers looking to buy in London but are put off by the large deposit needed.....help is at hand.

Please read the article below on how you can buy property in London without deposit.









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If owning a first home in the capital seems like a pipe dream, these five schemes could can bring it within reach

08/11/2023

Investment in property can give you two types of return.

1. Income growth - where you receive regular income from the property

2. Capital growth - where your return on investment is long term when the property appreciates.

There are different ways to invest in property. A few of them are as follows:

BUY-TO-LET
This involves investing in a residential property that you let out to tenants. It has been one of the most popular ways of property investment for both income and capital growth.

PROPERTY DEVELOPMENT
As the name implies, this type of property investment entails buying to refurbish or renovate and to sell on.
Return on investment could be great if you know what you are doing. You could also lose a lot of money if things don't go well.
Delays in renovation could lead to not able to sell for profit due to the prevailing market conditions at the time.

BUY NEW BUILD/OFF PLAN
Another route of property investment is buying a new build/off plan. This is when you buy before the property is completed, normally as part of a new development.
Return on investment with this route would be agreeing the price of purchase before the property is build. You could then sell for a profit when it is completed.
The downside is market conditions at the time of completion may not be favourable to make a profit. Developer could also go bust before expected completion date.

INVESTMENT IN OVERSEAS PROPERTY
You could decide to also invest in property outside the UK. It could be buy-to-let or buying new/off-plan.
Before investing in such property, you will need to be abreast with the real estate industry in your preferred country of potential investment.
In addition, knowledge of the political and socio-economic environment of the preferred nation of investment will also be very important.

For further information on property investment please contact us via

07846 852485

[email protected]

06/11/2023

The current state of the economy and high interested may make investing in property unattractive.

However investing in property, in our opinion, still remains one of the best investment vehicles around.

Investment in property has its risks as well as rewards just like any investment

Before you embark on any property investment, please do your own due diligence.

There are different routes into property investment as follows:

Residential Buy-to-let
Buying off-plan
Commercial
Property development
Investing in overseas property.

The route you take will depend on the results of your research and what you deem suitable for your investment needs or strategy.

For further details on property investment contact us on the ff:
07846 852485
[email protected]

01/11/2023

BREAKING NEWS





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The number of property sales recorded by HMRC is at its lowest level for almost a decade.