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IPS CEO Update | June 09 | Greenshoots, crisis or opportunity? |
23 June 2009 |
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Scott Picken, International Property Solutions (IPS) CEO says, "Green Shoot’s, the press and everyone is talking about them. The dictionary definition is, “any sign of growth, recovery, renewal.” What an amazing 12 months and as I have said many times – one full of a tremendous amount of opportunity. Yes there was uncertainty and this leads to motivated sellers – the best time to be getting involved in the market. As you will see from the RICS report below, the UK is slowly showing signs of recovery, Australia continues to lead the way and the South African market will begin to recover once the reduced interest rates take traction. There is talk of a further 0.5% in South Africa and we are now less than 1 year until the event we have all be waiting for World Cup 2010! IPS has noticed a huge surge in demand for International Investors as they realize it is the perfect scenario for investment with low asset values and a strong Rand. Long may it last, but I fear the inverse – values increasing and the Rand weakening! We have some awesome opportunities in these offshore markets and have a couple of very exciting developments in South Africa and so keep an eye out. With everything we focus on educating our investors and are taking advantage of Webinars (see below) the latest technology to teach people how to invest. Book online for one of our FREE events which are being held on various topics - www.ipsinvest.com. Finally we wish the Springboks the best of luck against the British Lions – go to www.ipsinvest.com - to join our competition to win 2 tickets to the test match at Ellis Park.
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