News

Eastern Europe set for property boom

With good weather and cheap food and drink, landlords are witnessing a significant increase in rental demand, says The Property Investor and Homebuyer Show. 
The accession to the European Union on May 1, 2004 of ten Eastern European countries has resulted in a dramatic increase in the number of budget airlines flying to the regions, bringing many previously unexplored spots within reach.

The new member countries are therefore benefiting from stable, expanding economies, greater investment in infrastructure and more money injected into tourism.

Bulgaria in particular has experienced a massive property boom. Sunny Beach and Bansko offer sound investment opportunities for investors who can target holidaymakers looking for relaxing beach holidays and skiing trips, says The Property Investor and Homebuyer Show.

Nick Clark, managing director of Homebuyer Events added: "Ten years ago no one would consider investing in Eastern Europe, but now property in the Eastern Bloc is selling faster than ever. Holidays in countries that have recently joined or will join the European Union are becoming increasingly popular so investors with a long term perspective will secure solid rental yields." 

Ian Henderson