INVESTORS URGED TO CONSIDER EASTERN EUROPE
Monday, 17 Mar 2008
Eastern Europe still presents a variety of possible investment opportunities, according to an expert.
Neil Lewis, founder of advice group Property Secrets, stated that while some markets were starting to slow down, other parts of the continent have yet to be fully tapped into.
This means that overseas property investors can still get good returns without travelling to a long-haul destination outside of Europe.
Speaking to the Times, Mr Lewis highlighted the Romanian capital Bucharest as one possible option, along with the Bulgarian city Sofia.
He told the newspaper that both locations are still in their initial period of rapid growth, which means prices has not begun to level off as in many other European cities.
Mr Lewis commented: "What you should bear in mind is that these are emerging markets, but emerging within a very safe political and therefore economic environment."
This comes after the Global Property Guide revealed that house prices in Bulgaria rose by nearly a third last year.
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