hile the rest of the EU accession, Bulgaria is
western world wonders witnessing a property market
whether domestic real explosion. Property investors are
estate investment remains a buying in Bulgaria now because
sensible consideration now that they realize that to wait until
yields and equity growth rates 2007 when Bulgaria gains full
are tumbling and the fast moving European Union membership will be
property sector slows and even to miss out on the largest
stagnates in certain countries predicted price gains that will
around the world, there exists a occur when membership is in
part of the world where real place.
estate sectors are booming and
the long term prospects for Investors are being drawn to the
profit and growth are beautiful Black Sea coastline -
substantial. home to mile upon mile of
untouched, unspoilt and
Eastern Europe - home to stunning undeveloped sandy beaches and a
scenery, beautiful coastlines, beautiful mild and temperate
unexplored forests, a wealth of climate - and to the fantastic
history and culture - and now ski regions of the country's
also home to some of the most interior.
exciting emerging economies and
real estate markets in the world. When Bulgaria joins the European
Union on January the 1st2007 it
will begin benefiting financially
Here's a look at the top five from EU financial aid packages
emerging property markets in designed to further boost the
Eastern Europe country's economy and improve its
infrastructure. In the meantime
Bulgaria - Poised on the brink of many international businesses are
establishing bases in the country
and Bulgaria's economy is vastly Estonia - Estonia is one of the
and quickly improving. All most successful of the Eastern
positive points for a property European economies as it has
investor interested in the long adopted and embraced a modern
term growth in the real estate market economy whilst keeping
sector in Bulgaria. corporate and personal taxation
levels very low. These facts have
Croatia - Home to in excess of resulted in the attraction and
6,000 km of untouched coastline retention a lot of international
Croatia is developing a strong business which has created local
tourist market and a successful employment and led to local
real estate sector which is Estonians gaining in real wealth
attracting second homers and and in them slowly being able to
retirees looking for an afford to buy homes of their own.
affordable and safe country in
which to live.
A property investor should seek
Also positioned to gain full EU to target the local market and
membership in 2007 Croatia many who have already entered the
already has a very successful market have enjoyed up to 30%
transitional economy which has annual gains in some areas.
attracted strong levels of
vertical foreign direct Hungary - Hungary joined the EU
investment as it aligns itself in 2004 and is already benefiting
for membership of the European from European Union financial aid
Union. Opportunities for the real whilst its government are
estate investor exist countrywide committed to long term fiscal
and property prices are currently development meaning that the
unbelievably low. medium to long term prospects for
all areas of Hungary's economy from strength to strength with
are excellent. the capital city of Riga
developing internationally
The country has a growing wealthy competitive sectors in financial
middle class who are now able to services, retailing and
buy their own homes as wages telecommunications.
increase and the cost of
borrowing remains low. Property Locally wages are increasing, the
investors could therefore target country's GDP is healthily
local buyers - alternatively they improving and the whole country
could focus on the tourism rental is becoming a centre for vertical
sector or the second home sector foreign direct investment. Again,
as Hungary is the most popular property investors in Latvia
Eastern European country for should seek to target the local
second homers and the country's market and can currently buy into
capital Budapest is incredibly the property sector cheaply and
popular with overseas visitors. hold assets while wages and
prices rise.
Latvia - Since joining the EU in
2004 Latvia's fortunes have gone
About the Author:
Rhiannon Williamson is a freelance writer whose many articles about international property investing have appeared in publications around the world. Visit this link to read her latest articles about Investment Property Abroad http://www.shelteroffshore.com/
Source: www.isnare.com
