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Eastern European countries keep attracting investors

Article Date : Tuesday, April 29, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Foreign investors are continuing to snap up property across eastern Europe, industry analysts have stated.

According to NuBricks.com, the region has experienced considerable economic growth during the past ten years.

As a result, countries such as Bulgaria have become very popular with property buyers who want to collect good returns on their investment.

The website stated that much of this growth has been driven by the European Union, as this has helped guarantee that their services, legal system and living standards are comparable to established markets such as France.

NuBricks.com said: "Entry into the EU and adoption of the euro currency has been an obvious precursor to major growth in property prices and commodity consumption."

The online portal added that countries including Croatia, Bulgaria and Slovenia have become "runaway success stories".

This comes after the Association of International Property Professionals revealed that emerging markets accounted for a third of all foreign purchases last year.
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