BoE stress tests: all you need to know

The Bank of England has released the results of its latest round of its annual banking stress tests and its semi-annual financial stability report this morning. Used to measure the resilience of a bank’s balance sheet in adverse scenarios, the stress tests measured the impact of a severe slowdown in Chinese growth, a global recession […]

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Draghi: Eurozone will decline without vital productivity growth

It’s productivity, stupid. European Central Bank president Mario Draghi has become the latest major policymaker to warn of the long-term economic damage posed by chronically low productivity growth, as he urged eurozone governments to take action to lift growth and stoke innovation. Speaking in Madrid on Wednesday, Mr Draghi noted that productivity rises in the […]

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Asia markets tentative ahead of Opec meeting

Wednesday 2.30am GMT Overview Markets across Asia were treading cautiously on Wednesday, following mild overnight gains for Wall Street, a weakening of the US dollar and as investors turned their attention to a meeting between Opec members later today. What to watch Oil prices are in focus ahead of Wednesday’s Opec meeting in Vienna. The […]

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Banks, Financial

RBS emerges as biggest failure in tough UK bank stress tests

Royal Bank of Scotland has emerged as the biggest failure in the UK’s annual stress tests, forcing the state-controlled lender to present regulators with a new plan to bolster its capital position by at least £2bn. Barclays and Standard Chartered also failed to meet some of their minimum hurdles in the toughest stress scenario ever […]

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Barclays: life in the old dog yet

Barclays, a former basket case of British banking, is beginning to look inspiringly mediocre. The bank has failed Bank of England stress tests less resoundingly than Royal Bank of Scotland. Investors believe its assets are worth only 10 per cent less than their book value, judging from the share price. Although Barclays’s legal team have […]

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Categorized | Financial

Saronom Holdings and residential property in Jamaica

Posted on October 30, 2015

Accelerating its investment paces Saronom Holdings Limited pays more and more attention to the territory of Caribbean region and Jamaica in particular.

Cyprus investor Saronom Holdings Limited is ready to offer newly acquired apartment complexes in the cities of Kingston and Ocho Rios. These objects are of buy-to-let type. Acquiring these units the clients can be sure that these investments will pay back for sure. Saronom Holdings Limited has a vast experience in this investment form. Such real estate units are quite popular on the territory of Cyprus as long as this country is also among top tourist zones. Within last 3 years Saronom Holdings Limited has attracted more than 30 investors from all over the world to this type of property. Currently the company can offer more than 30 variants on the territory of its domestic market and 4 objects in Jamaica. Soon this figure will be much higher. The company is constantly enlarging its portfolio. According to the representative of Saronom Holdings Limited the company is going to double this figure by the end of the year.

Saronom Holdings

2 out of 4 newly acquired complexes already have constant renters and are already filled by 80-90%. This means that investors or interested parties will get an income right from the start. Apart from the current prices are beaten down by the effect of the crisis. Currently the investors and customers can buy the interested unit of this type at the price of 50% from the prices established in years 2006 – 2007. With the current paces of world economy recovery current investments will pay back almost double in time. Thanks to drastic price fall the renting fees went down by only 10-15%.

Right now buy-to-let premises are the number one target of Saronom Holdings Limited. The time will show whether this Cyprus-based investor will make any changes in the chosen srategy and the target assets.

Philip Fitch
Stasinou 1, Mitsi Building 1, Floor 1,
Flat 4, Liberty square
CY-1060, Nicosia, Cyprus