Eastern Europe is a massively overlooked part of the world and is criminally underappreciated claims an overseas property investment specialist.

Interest in Albania's property market, for example, looks as if it is slowly but actually its reputation is becoming more widespread.

David Stanley Redfern said: “Albania has fast become a realistic and affordable option for novice and savvy investors from around the world. Rising tourism has led to increased demand for quality accommodation, which has prompted an upturn in property construction to meet the increased demand.”

The country borders both Adriatic and Ionian Seas and neighbours Montenegro, Macedonia, Kosovo and Greece. It is under three hours away from Western Europe via any direct flight.

It is also set to benefit from its North Atlantic Treaty Organisation (NATO) unification later this year and the prospect of European Union (EU) membership in 2014.
David Stanley Redfern adds: “If we strive beyond any commonplace misconceptions relating to Albania and focus in on its rewarding aspects specific to property investment, we just might be more than a little surprised.

“Albanian property purchase is predominantly free from restriction and open to both native and foreign investors alike.”

A £40m expansion of Tirana International Airport now sees British Airways operating regular flights into Albania, with 29 worldwide destinations also available through other agents.

Romania also seems to have so far avoided being affected by the current credit crunch with property prices and rental demand on the increase.

Some experts are predicting that the country’s economic growth will actually accelerate this year, powered by the boom in construction.

Banca Comerciala Romana, which is part of Austria’s Erste Bank AG, has forecast that inflation in Romania will fall to 6 percent by the end of this year.

Property Secrets, which helps set up deals for investors in Romania, says it has made it clients between 50 – 80 percent growth on some investments.

© Fly2Let.net Ltd 2010 l Terms of use l Contact l Free Subscription l Webmaster
Brazil l Bulgaria l Canada l Cape Verde l Croatia l Cyprus l Dubai l Egypt l France l Germany l Hungary l India l Italy l Morocco l Portugal l Romania l Slovakia
South Africa l Spain l Thailand l Turkey l UK l USA l Other Countries
Investment Property l Off Plan Developments l Ski Property l City Apartments l Golf Property l Beach Front Property l Land Investment
Cheap Flights l Car Hire l Property Finance l Property Insurance l Travel Insurance l Property Maintenance l Overseas Removals l Currency Exchange l Exhibitions & Seminars