Eastern Europe 'will mature' for property investment

12-Apr-2007

In news which may be of interest to would-be first time home buyers looking to invest abroad, an expert has announced that although eastern Europe remains "embryonic" as a property investment location, it is set to mature.

According to Liam Bailey, the head of Residential Research, although property investors - which may include first time home buyers - are still tending to prefer to invest in countries within western Europe, eastern locations are increasingly becoming more popular.

"For your average individual investor, the western European countries … are generally more popular just because there's a more established market," said Mr Bailey.

"It's a more mature market place; people feel more comfortable with it," he added.

However, although Mr Bailey noted that countries such as Latvia and Estonia are still in the embryonic phase of development, Bulgaria now has a more established market for property investment.

To find out more about buying a property abroad to get onto the property ladder click here.

Residential Research is a UK-based international consultancy firm specialising in property.

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