Our Markets
Visit our Country Specific Pages on the Property Secrets web site for more information about our markets:
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| In the last 5 years property in the Czech Republic has seen explosive growth followed by a period of low level growth and consolidation. However, the market is now experiencing a 2nd phase of rapid growth and is being fuelled by strong demand in the local market, a robust finance market, political stability and increasing levels of Foreign Direct Investment. In addition to Prague, the second tier cities of Brno and Ostrava are expected to deliver significant growth over the next few years. | |
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| Romanian Property offers investors an exceptional opportunity for strong capital growth. This growth is driven by a solid economic base supported by rapidly increasing levels of Foreign Direct Investment in the first and second tier cities. Property is forecast to continue to rise in price, fuelled by increased wages, particularly in the IT sector and the availability of credit in the form of a developing mortgage market. In addition, a majority of Romanians own their own homes and can afford to "trade up" to new build property with very little borrowing. | |
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| Property in Slovakia is entering its second phase of rapid growth. This growth is driven by a robust economic performance built on the back of strong exports. As the Slovakian Property market matures this strong export base will ensure the economy remains balanced as consumer spending takes off and drives property prices further ahead. The capital, Bratislava, is expected to deliver solid growth, although the highest capital growth has moved to the Eastern parts of the country with the second tier cities such as Kosice forecasting good long term growth. | |
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Bulgarian Property has experienced a challenging time over the last few years. Problems with over-supply in the coastal and ski resorts have resulted in investors discounting Bulgaria as an investment location as resale and value realisation proves problematic. However, with political stability, a maturing finance market and strong economic growth forecast, there is a significant opportunity to invest in off-plan property in the major Bulgarian cities.
Sofia offers the greatest investment opportunity. It is a truly emerging market with relatively low entry prices compared to other capital cities in Central and Eastern Europe. The finance market for overseas investment is reasonably robust. Currently, outside of Sofia the other location worthy of consideration is the second tier city of Varna. |
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