Cyprus, Prague and Romania are currently exceptional property investment hot-spots. They has double-digit capital appreciation coupled with strong rental demand and not to mention no Capital Gains Tax after owning the property for five years make it one of the world's best property investment opportunities. The government also has strong incentives for external investment from other countries.''
Thousands of Brits are choosing to move abroad and the Balkan states are proving very popular. There are now 10,800 Brits living in Bulgaria, while another 9,500 have moved to Romania. Strong economies and increased tourism have seen house prices rise significantly in Eastern Europe, with Poland another potential hotspot.
PLACES TO INVEST
Prague
High Capital Growth 10%+ predicted pa over next 5 years min
High Rental Yields 5-8%
Strong rental demands - mainly long term lets
Central European Location
No CGT after 5 Years
Tenancy Laws in favour of Landlord
Strong Economy
Imminent ascension into Euro will devalue local currency by 25-33% at today's rates
Low deposits and 85% mortgages available to non-residents
High Capital Growth 10%+ predicted pa over next 5 years min
High Rental Yields 5-8%
Strong rental demands - mainly long term lets
Central European Location
No CGT after 5 Years
Tenancy Laws in favour of Landlord
Strong Economy
Imminent ascension into Euro will devalue local currency by 25-33% at today's rates
Low deposits and 85% mortgages available to non-residents
Southern Cyprus
UK based legal system
Low mortgage rates and high LTV loans
Popular holiday destination
Part of EU
Well established/regular flights
Stable Economy
Already has experienced growth which is set to continue
UK based legal system
Low mortgage rates and high LTV loans
Popular holiday destination
Part of EU
Well established/regular flights
Stable Economy
Already has experienced growth which is set to continue
Romania
Strong Economic prospects
Joined EU in 2007-06-12 Established Tourism market (currently 4.8% GDP and employs 5.8% of workforce)
Strong Government incentives for external investment
Low entry level property prices
Ski, hiking and beach opportunities not yet mainstream
Strong Economic prospects
Joined EU in 2007-06-12 Established Tourism market (currently 4.8% GDP and employs 5.8% of workforce)
Strong Government incentives for external investment
Low entry level property prices
Ski, hiking and beach opportunities not yet mainstream
For more news on Cyprus Property please visithttp://www.cyprus-online.com/buy-sell/cyprus-news.html
1 comment:
Thanks for useful information. Last few month I'm thinking about invest in Prague property, because it is best time to do it. The Prague property market has and continues to see overwhelming demand from both foreign and local investors. And who wouldn't like to own a property in this fairytale city that pulls at your heart strings and attracts major foreign investors on the basis of economics.
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