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