The secrets of how to take advantage of this virtually untapped market are revealed in a unique new book - East European Property Secrets. It explains, step-by-step, why investing in the ‘Eastern Eight’ now has the potential to make huge profits - a chance to enjoy high rental yields and high capital growth.
Property expert and publisher of East European Property Secrets Neil Lewis explains: "Think of East Europe and most people will immediately conjure up images of under-developed, poverty-stricken, uninspiring places. However, this image is very wrong.
"Investors in the know consider this zone to be the hottest around – and East European Property Secrets confirms this. A revolution is about to happen in the Eastern Eight – firstly, joining the EU means investing in this area is a fantastic proposition. As happened to UK, Spain and Ireland, when they joined the EU, these countries received huge amounts of Foreign Direct Investment (FDI) for over eight years after they had become EU members.
"Already, foreign and EU money is already pouring into Eastern Europe to stimulate economic growth, competitiveness and new jobs, and is set to increase massively.
"Secondly, with post-war communist housing – which was built cheaply to deal with the large number of homeless - literally starting to crumble away, the building of new properties will be encouraged (and property taxes slashed) to bring these countries in line with the rest of the EU.
"And, demand for property will be high…it is estimated that around a staggering third of the total population of the Eastern Eight will need to be re-housed in the next 20 years – that is around 24,116,000 people looking for somewhere new to rent or buy".
A top economist has predicted the states awaiting EU enlargement in the spring will experience an "economic miracle". Hans-Werner Sinn, head of the IFO economic institute – one of Germany's top think tanks - says economic growth in the Eastern European accession countries will be comparable to that of West Germany after the Second World War.
The countries can expect an economic boost from increased trade and inward investment after May 1 - with a recent poll of top US firms revealing that 46% consider Eastern Europe as their favourite location for investment.
The Wirtschaftwunder that began in (old) West Germany in 1945 and ran for 15 years until 1960 saw the country transform itself from a burnt out wreck, to a leading western economy. In the decade from 1950 to 1960, German worker productivity grew at 6% per year compared to just 2% in the USA!
And, worker productivity translates into higher wages and that translates into higher property prices. Which means big property profits are coming the way of the East European property investor.
East European Property Secrets explains why the East European property market can be the hottest place to invest right now and shows you the strategies to use when deciding where in the Eastern Eight you are going to invest your property money…plus much more!
Features include:
How to work out whether this is the market for you and how to form your own personal strategy to maximise your profits
What is so exciting about investing in this region
Maximising the Eastern European investment opportunity – and being cautious
Looking at the Irish experience (where joining the EU boosted its property and economic markets) and ask whether it will be repeated across Eastern Europe
Pluses and minuses of investing in the Eastern Eight ...what is so good and what could be risky?
Where to target your investment… from tourism to business investment to superstores and shopping mall developments…
The secret of success – choosing the right location. Country by country risk and stability rankings
The twelve-step plan for successful property investment in the Eastern Eight....legal advice, selecting an estate agent etc
Financing your investment and the best countries to invest in. Plus where not to put your money
For each country, a comprehensive breakdown of: Business and the Economy; Property Market potential and how the market works; Finance: Investment verdict; plus, details of relevant legal bodies…plus much more
"People may have concerns about investing in the Eastern Eight", says Eastern European Property Secrets author, Robin Bowman, " but it is little different to investing anywhere else – whether at home or abroad.
"People may say - Supposing I get ripped off? Or, what about finance? What about any investment risk? But, you’ll have the bulk of these concerns wherever you are buying. The key is to do your research so you know what you are doing.
"Investing in the East European property market might seem a riskier proposition than investing in the more traditional markets, but this is not necessarily so. The truth is that the risk in most of the Eastern European countries is probably only marginally greater than in the more established markets such as Spain and France – yet, the potential returns are substantially greater!"
Lewis sums up: "Providing you get as much information as possible, your project will go as smoothly as possible. And this is why East European Property Secrets is your ‘bible’ to investing in the Eastern Europe, it tells you everything you need to know and need to do when considering property investment in the Eastern Eight.
For more information, or for a free trial copy of East European Property Secrets, visit www.east-european-property-secrets.co.uk
