Emerging markets attract investors-240708

The declining fortunes of many established markets are prompting many property investors to look to less-established alternatives.

According to Property Secrets, there was a 43% increase in the number of transactions in emerging markets during the first quarter of 2008.

The website believes this is because the credit crunch has negatively affected the investment potential of traditional hotspots in Europe.

As a result, emerging markets in the east of the continent, such as Romania, are attracting more and more attention from foreign buyers.

Property Secrets comments: "As returns go into freefall in many developed economies, it's unsurprising that big money investors are looking for returns in the most promising emerging markets."

The online portal added that eastern Europe is proving to be one of the most popular regions among those who wish to invest in a less-established location.

According to independent analyst Amberlamb, property in the eastern European country is currently in high demand.

This has led to supply being fairly restricted, which in turn has made available properties much more highly sought-after, thus increasing their prices.

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