f you're looking to investment particularly into
diversify, broaden or even infrastructure and construction
begin your property and the whole country is
portfolio consider Europe for benefiting from the amount of
your next investment destination. money being spent on it.
Those who buy now in Bulgaria are
Europe is host to such a broad buying into the longest projected
range of countries all offering period of growth and buying
diverse property opportunities - before the expected boom that
you have everything from emerging will begin when Bulgaria is
market economies with massive officially made an EU Member
potential for sharp growth rates, State. Furthermore they are
well established city based buying to target the burgeoning
rental markets giving great tourism market that heads for the
yields and even residential beautiful beaches of the Black
housing markets offering an Sea Coast in the summer and the
investor a slow burn on his snow capped mountains of
capital outlay. Bulgaria's ski resorts in the
winter.
Here's an overview of the
potential on offer in the top ten Croatia - Another country
European countries for real tipped for full EU membership in
estate property investors right 2007, Croatia offers property
now. investors commercial and
residential property
Bulgaria - Bulgaria is in opportunities. The numbers of
position for EU accession in 2007 international business
and as a result it is receiving establishing bases in Croatia has
massive foreign and domestic increased substantially in the
last couple of years and there is slow down in the offing.
demand for the development of
light industrial and office Czech Republic - The
space. majority of real estate investors
consider Prague the only city
Furthermore Croatia has a strong worth targeting in the Czech
tourism market that offers a real Republic but the country's other
estate investor further cities like Brno also offer an
opportunity to either target investor opportunity to purchase
short term rental yields or to residential accommodation for
buy off plan or develop for rent to the domestic and
resale to the second and holiday expatriate professional
home market in Croatia. population. Property price growth
has been fantastic in recent
Cyprus - There are two years and rental rates are
real estate economies in Cyprus - increasing annually.
you have the well established
Republic of Cyprus property Estonia - Real estate
market where an investor should investors should target the local
seek to target the retiree market in Estonia and consider
audience or the tourism market looking for opportunities in the
and then in Northern Cyrus you capital city of Tallinn. The
have an emerging economy Estonian economy is growing at a
currently offering massive growth staggering rate which is
potential. affording the local people
greater purchasing power which in
Property price increases in North turn is having a direct effect on
Cyprus have consistently been in the property market in Estonia.
double digits for the past three
years and there are no signs of a Basically as local demand
increases so prices can rise and commercial property ventures
as local purchasing power targeting this growing market
increases so it can sustain these segment.
price rises. A real estate
investor can buy into this growth Latvia - Latvia is
now and should expect the period benefiting from substantial
of growth to be sustainable for foreign direct investment which
at least the medium term. has helped establish the Latvian
economy as one of the fastest
Hungary - Property growing in Europe and Latvians
investors who targeted Hungary's are on target to receive one of
capital city of Budapest last the five largest wage increases
year enjoyed up to 15% growth on in the world. All this means that
underlying property prices and locally the population can afford
these growth rates show no sign to spend more on property either
of slowing down currently. in the form of rental rates
payable or property prices
There is local and expatriate payable and real estate investors
demand for property to buy and can buy off plan and flip on to
let in Budapest and the local the local market upon completion
economy is benefiting from or even buy to let out in the
foreign direct investment and capital city of Riga or in the
strengthening. This means that coastal port towns.
there are long term prospect for
growth in Hungary. Furthermore Poland - Having joined the
there's an emerging market within European Union back in 2004
Hungary's property sector and Poland has received massive aid
that is the tourism market which and investment as a result which
offers an investor a chance to has improved the country's
get in on both residential and infrastructure incredibly and led
to a strong period of economic where else in the world can you
growth. buy anything and everything from
a castle to a factory at such
Many European and international ridiculously low prices.
companies have established bases
in Warsaw and Krakow and the Those with a strong appetite for
demand for accommodation in these paperwork and red tape will make
cities alone has really soared. their fortunes from Romania's
Real estate investors are property market, but for the rest
targeting Poland because it of us it's an economy to watch
offers a low risk, high potential carefully. As the country moves
property market. Furthermore slowly towards EU membership so
investor confidence in Poland is it will become easier and more
high because the Polish attractive for property investors
government have already proved to target.
that they have a strong
commitment to maintaining the Turkey - Turkey is on
good economic growth rates that track for EU accession following
their country is currently agreement that it should begin
enjoying. accession talks in 2005. Since
that point Turkey's economy has
Romania - Because Romania been granted ‘Market Economy'
has yet to join the EU and align status, the country has received
all its governmental, fiscal and billions of dollars of Middle
constitutional policies with Eastern funds into its property
those of Europe it is quite a sector and world wide investor
tricky country for a foreign interest in Turkey's property
investor to get in on. However it market has exploded.
offers a real estate investor
such exciting opportunities - The majority of opportunities
either exist in Istanbul or along go - and that's up!
Turkey's southern coastline where
hundreds of thousands of tourists There are so many opportunities
flock every year. Prices for available to an investor in
property in Turkey are currently Europe that those serious about
incredibly low so with all the profiting from real estate
positive data and news coming property should give the
from Turkey recently there is continent careful consideration!
only one way prices are going to
About the Author:
Rhiannon Williamson is a freelance writer whose articles about property investing and emerging real estate markets have appeared in publications around the world. She is currently working on a brand new property investment resource http://www.amberlamb.com/
Source: www.isnare.com
