Comments for Colordarcy's Blog

Comment on The 5 Worst Property Markets In 2011 by Loxley McKenzie

Loxley McKenzie — Mon, 09 Jan 2012 09:19:33 +0000

Hi Nathan

Thank you for your comments. You have raised some interesting points, which I have noted.

As mentioned, we use a wide range of sources to compile our report and we are happy with the results overall.

I like the Czech Republic and I am sure if an investor looks hard enough, they are some real bargains to be had.

You have a great day and keep up the good work.

Loxley

Comment on The 5 Worst Property Markets In 2011 by Nathan Brown

Nathan Brown — Fri, 06 Jan 2012 10:38:01 +0000

If you are using primarily Knight Frank they have repeatedly been six to nine months behind what the market is actually doing in Czech Republic. For example, in the middle of the crisis in 2009 they reported Czech Republic as having a very strong year over year growth when all the data pointed otherwise. Yields outside of Prague are ok and we’ve had investors buy in 2011 at 7 to 8% gross rental yields with some markets we deal with actually having price growth. So honestly it was humorous for me to see it on your list for 2011.

Comment on The 5 Worst Property Markets In 2011 by Loxley McKenzie

Loxley McKenzie — Fri, 06 Jan 2012 08:50:08 +0000

Hi Nathan

I trust that you are well and thank you for your comments.

Our report was conducted using various sources, such as; Euromonitor, Global Property Guide and Knight Frank’s Global Index Report. You can find direct information related to Czech Republic’s property market by following the link to download Knight Frank’s Global Index PDF: http://www.europe-re.com/files/00047200/GlobalHouse_v6.pdf

Having seen the way prices have declined in the Czech Republic in the past year, I don’t see any reason to invest in property there at the moment.

I look forward to hearing your thoughts.

You have a great day.

Loxley

Comment on The 5 Worst Property Markets In 2011 by Phil Andrews

Phil Andrews — Thu, 05 Jan 2012 22:17:05 +0000

Looking at the Knight Frank global house price survey the assessment looks to be correct on the 5.2% fall. Though I’m not sure that the Czech Republic is any worse than other European property markets at the moment.

Comment on The 5 Worst Property Markets In 2011 by Nathan Brown

Nathan Brown — Wed, 04 Jan 2012 10:01:19 +0000

Thanks for the report. I am very surprised that Czech Republic made your list for the year 2011. You say in your report: “according to the latest data available from Q2 2011 property prices fell by 5.2% annually and actually went into freefall plunging a further 2% on the quarter”. May I ask where you got this data from?

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Comment on Turkey’s First Residential Golf Resort With A 7% Guaranteed Rental Income by Loxley McKenzie

Loxley McKenzie — Thu, 14 Jul 2011 08:13:38 +0000

Hi John

I have asked our Turkey Portfolio Consultant Maureen – to send you additional information on the outstanding Kusadasi Golf Resort.

Loxley