The Top 10 Countries to Buy Property in 2008
Where was the hottest spot to buy property in 2008? As 2008 has just ended, that makes us wonder where the year has taken the property investing world. There have been a great number of ups and downs and 2008 has been financially challenging for many countries. So where have the Brits been buying when buying abroad? Is it worth it to invest in countries that are showing economic hardship?
Could this be an opportunity to take advantage of and get a good market deal? So many questions arise when you begin to talk of such topics. Europe has some great countries for investing and if you’re looking to broaden your portfolio with some new properties, here are 10 countries to consider:
Bulgaria- This country really hit the map in 2007 and since then has continued to grow in popularity for investors. Both foreign and domestic investors alike are joining in the rage of Bulgarian property and now are a great time to get in on the action before it’s too late. This is a great time to buy for short to medium term projected growth.
The Belgravia, Lozenets, Sofia.Studio Apartments
Price: €73,766
Croatia- Here’s another European country that’s making its way on the map as far as investment properties go. This is a great opportunity for commercial as well as residential properties and it is projected to do well into 2009 also. There is also a strong tourism market in Croatia, adding to the reasons to choose this country when expanding your property portfolio.
Cyprus- This country is on the surge of growing property prices and there is no sign of it dropping anytime soon. This is one reason it’s a hot choice for investors looking to build their properties abroad. You are virtually guaranteed to make your money back and some when you buy in Cyprus.
Czech Republic- There are many cities in this country that offer wonderful opportunities for investors. Whether you’re looking to buy and rent or resell, you will find profits in this country. Property price growth and rental prices have steadily went up in past years and throughout 2008.
Estonia- In and around the capital of Tallinn there are many real estate opportunities for someone looking to grow in 2008. Local demand and prices are rising making 2009 a profitable year for Estonia and those who invest in it.
Hungary- This is a country that’s been steadily growing since the early 2000’s and 2008 looks to also be a profitable year for those who invest in it.
Latvia- The economy of Latvia is one of the fastest growing in Europe making it a hot investment choice for real estate. They are also expected to receive one of the five largest wage increases in the world. This boom in the Latvian economy means more money for people to buy or rent properties.
Poland- Here’s another nice choice for investing in 2008. This country is currently undergoing growth with the help of the European Union and this is a fine time to get in on the profits this growing country has to offer.
Gorczewska Park, Poland, Warsaw.1 bedroom Apartments, 47sqm
Price: € 132,418
Romania- This is an exciting country with low real estate prices and a great number of exciting, creative properties available. It’s more than worth it to check out properties in Romania.
Bonaire, Bucherest, Romania.2 Bed Apartment, 108sqm.
Price: € 111,760
Turkey- Prices of Turkey property are going up which is good news for investors who want to get in before ’08 is over and see profitable turnarounds in ’09 and the years to come.
Astrum Towers, Istanbul, Turkey. 1 bedroom apartments 34 sqm.
Price: € 44,438
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