New Europe, new opportunity. The expansion of the EU is the single biggest driver of property price inflation across Eastern Europe. However, even before the first round of new EU entries on the first of May 2004, Eastern Europe held a great deal of appeal for foreign investors. This appeal remains today and has only been enhanced by the publicity and investment attracted by EU expansion.

On May 1st 2004 Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovak Republic and Slovenia joined the EU. Under current plans, Bulgaria and Romania will join them in the EU fold in 2007.

Yet the appeal of Eastern Europe goes beyond the accession states. The general opening up of the entire region along with an increase in Foreign Direct Investment (FDI) from corporations off-shoring business functions to take advantage of highly skilled but lower cost work forces, means that opportunities for property investors are wide spread.

What hasn't been changed by European expansion is the historical and natural beauty of the region, which offers everything from superb coastlines to rugged mountain scenery and incredible historic cities.

Its appeal to holiday makers and increasingly expats, in conjunction with a strong level of domestic economic growth means that property prices are set to continue rising throughout the region.

It has recently been suggested that “the Eastern European property boom is set to make more multi-millionaires than any other property boom in history”.

We don’t have a crystal ball at Property Frontiers, but our extensive research has led us to guide many investors in this direction. Now is your chance to become one of them.

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