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From: Property Secrets UK newsletter, 26th
April 2004 Investors
dreaming of a property that will offer high rental yields and high
capital growth at the same time can now turn this dream into reality
by being part of an exciting new revolution about to sweep Eastern
Europe.
Experts predict that when the
'Eastern Eight' - the Czech Republic, Hungary, Poland, Estonia,
Lithuania, Latvia, Slovenia and Slovakia - join the European Union in
May this year, Europe will enjoy the biggest economic and
property boom it has experienced in at least the last 10 years.
And the secrets of how you
can take advantage of this virtually untapped market are revealed in a
unique new book -
East European Property Secrets . This
exciting new publication explains, step-by-step, why investing in the
'Eastern Eight' now has the potential to make you 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 |