[yield]

Originally Posted by propertastic

Hi yield,

Thanks for sending me a PM. I'm not hiding from the Forum - just insanely busy right now!

I think that I posted to this thread (or another on Regency Beach) a month or so ago, and my opinions have not changed since then.

Yes, for those people who bought into Regency Beach looking for a holiday home who were looking forward to spending Christmas 2009 in their apartment, I can understand that the delays are disappointing.

However, as for those people who bought into the development primarily for investment purposes, they should be laughing all the way to the bank.

In its pre-release phase, Regency Beach was being sold at between GBP500-575/m2.

Since then, the prices of apartments at Regency Beach have risen by 40%, which brings it up to the market prices of smaller developments that are located right on the beach (similar levels to Hania, for example).

What this means is that someone who reserved an apartment for GBP50,000 for example, now has an investment that has a current market value of GBP70,000. So they have seen a GBP20,000 capital increase for the investment of a GBP1,000 reservation fee.

A 2000% return on investment inside 5 months is not bad going by anyone's standards!

We are in regular contact with Philip Morris of Legal Alliances Worldwide and I have seen many of the documents connected to the development. It's definitely going to happen.

If people had paid their 40% deposits, then things would be different. But with the only investment having been a GBP1000 reservation fee which is fully refundable, it's hardly a great gamble.

I think that, in a couple of years' time, when the development is finally complete a lot of people are going to be kicking themselves for having pulled out as a result of being impatient.

Hi Nick, thanks for the reply I also pm Peter who also replied.

But what about all the romours made against Property Hotspots, whats your view on this side of the story? or was it someone just having a dig at them?

When will building start? have they regersterd the land yet.

Thanks for the replies.