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Top 5 Emerging Property Markets in Eastern Europe

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



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