Discover Budhism!
 

Welcome to our Budhism Archive. Have fun browsing!

 

Article #9: Top 5 Emerging Property Markets in Eastern Europe

(Browse for more articles)

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






1- A- B- 2- 3- 4- 5- 6- 7- 8- 9- 10- 11- 12- 13- 14- 15- 16- 17- 18- 19- 20- 21- 22- 23- 24- 25- 26- 27- 28- 29- 30- 31- 32- 33- 34- 35- 36- 37- 38- 39- 40- 41- 42- 43- 44- 45- 46- 47- 48- 49-