Eastern Europe set for property boom

Article by Ian Henderson, 999Today, 18th July 2005

Research conducted by The Property Investor and Homebuyer Show has found that cheap flights and cheap property are attracting canny investors to Eastern Europe.

Taking a holiday in Eastern Europe has become a popular choice for many in northern Europe. Fed up with the weather and working life, a huge number of people are flocking to newly established Eastern European countries such as Bulgaria, Hungary and the Czech Republic on holiday.

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."

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