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Eastern Europe Property

Let me share a secret with you – here is a tremendous new offering for investors like you in a virtually untapped market. It's a chance for you to get high rental yields and high capital growth at the same time.
Yes, really, and we are not talking about a property investor's dream but a reality! – but it is not going to happen in the ‘traditional’ markets.

What are ’traditional’ property markets? By ‘traditional’ markets I mean the UK and the locations abroad such as Spain or France, where - if done correctly (for example, you choose the right location, the right property etc) – you are almost 100% guaranteed a slow, steady capital growth.

Yes, these markets are steady – but growth is slow. But you want massive growth, don’t you? So, Where would you go to get this massive growth?

Well, take a deep breath and read on…and then continue reading. I am talking about the biggest economic and property boom Europe has seen in at least the last 10 years – East Europe – or the ‘Eastern Eight’ – the Czech Republic, Hungary, Poland, Estonia, Lithuania, Latvia, Slovenia and Slovakia. But before you snort with laughter let me say it again:

You really do have the potential to get high yield AND high capital growth from a property investment in Eastern Europe! Really! In the next 20 years we reckon some 24,116,000 people will be looking for somewhere new to rent or buy…Yes, really!

 

 



Brno Property Investing PDF Print
Czech Republic Property
The demand for properties in Eastern Europe continues as international investors seek high capital growth and stable yields. Investors are buying everything from new booming Slovakian resorts in the Tatras, to off-plan luxury developments in Warsaw, to buy-to-let apartments in the booming Czech city of Brno. The choice is vast and investors need to filter through a significant amount of information to find out what it takes to purchase, finance and manage a property in the new Europe.
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Property Investors Go Hungary PDF Print
Hungary Property

Property analysts are predicting that Hungarian property prices could enjoy further growth of around 15 per cent to 20 per cent, especially within the rapidly maturing buy-to-let sector.

Hungary's long-term economic future remains positive, according to leading market experts. A recent poll concluded that the majority of analysts remain upbeat about Hungary's outlook over the next 12 months and are optimistic that the country's government will introduce a number of reforms aimed at boosting economic and social development. The research, conducted by MTI, also revealed that many economists believe that Hungary will continue to experience annual growth increases as well as reducing current deficit levels. Such economic improvements could help establish Hungary as a major market for overseas investors, especially as Hungarian authorities remain committed to joining the euro zone before the end of 2012, a move likely to simplify the process of buying investment property in the region.

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Buying property in Slovenia PDF Print
Slovenia Property

Whether you choose to purchase your property on the coast, or in the mountains, the lakes or the ski resorts the process now that Slovenia has joined the EU has never been easier. Until recently Slovenian banks did not grant mortgages for non-residents to purchase property, but now some banks will grant mortgages of 70% of the property value, on a repayment basis. Once you have agreed the price of your property and like most places a bit of bartering over the final price is quite normal, you would be expected to pay a deposit of 10% to secure the property and a preliminary contract is issued If buying through an agent a further 4% plus vat @ 20% is usually payable, this is split between the purchaser of the property and the seller.

Once this has been agreed the main property sale contract can be drawn up. As with all purchases abroad, we recommend that you engage an independent legal advisor to check the property purchase contract you will be asked to sign, and assist you with the translation of the Land Registry documents.

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Where to purchase property in Croatia PDF Print
Croatia Property

Istria: Easy and inexpensive access, including by public transport from Italy. Istria is often called the Croatian Tuscany - there are lovely historic coastal towns (Porec, Rovinj, Pula) whilst the interior is very picturesque. The climate includes warm summers and cooler winters. Property is quite expensive due to high demand and Istrias proximity to the rest of Europe.

Kvarner Riviera: The main town is Rijeka, which has an airport on the nearby island of Krk and also has reasonable access from Zagreb (bus/train journey is just over 3 hours). Lovely coastal resorts include Crikvenica (one of the Croatians' favourites), Kraljevica and Novi Vinodolski. The climate is warm in the summer but some winter days can get quite cold. Bargains are hard to find as this area is close to the Croatian interior and therefore popular with many Croats.

Nothern Dalmatia: Some lovely historic towns (Zadar, Sibenik, Trogir) with small coastal resorts between them. Warm in the summer with mild winters, although some strong winds occasionally. Some bargains to be had, particularly in the smaller towns! Southern Dalmatia The main town is Split, with good transport links by ferry to the Italian port of Ancona. Rather long journey times if travelling to/from Zagreb by bus or train.

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Booming Bulgaria Property PDF Print
Bulgaria Property

Until a few years ago, Bulgaria was relatively unknown to the property investment market and yet today is drawing in more and more bargain-property hunting Brits, with many people keen to buy before they’ve even visited this diverse country.

Situated in the heart of the Balkans, on the crossroads between Europe and Asia, Bulgaria has an enchanting mix of sandy beaches and seaside resorts, snowy mountains boasting intricate ski slopes and breathtaking views, and rugged countryside for those who enjoy being at one with nature, fishing and hunting are also popular activities here.

Described by some as the new Costa Del Sol, Bulgaria is also praised for it’s beautiful countryside, historic towns and un-compromised rural traditions. 

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