UK House prices fall - Eastern Europe House prices rise
Eastern Europe is becoming more and more popular with British and American property investors
Statistics from Holiday-Rentals showed that while traditional European markets such as Spain were still dominant, less-established markets were attracting an increased level of interest especially with the price of property falling in the US and UK.
Bulgaria was highlighted as one location that had seen a significant surge in the number of holiday home buyers from the UK in recent years, along with Croatia. Whilst apartments in Bucharest Romania were also on the rise for expats.
There is a growing market of Eastern Europe with people buying property for rentals to holidaymakers.
East European countries offer highly affordable properties with high capital growth rates 11to 15%.
Improvements with transport and infrastructure is another reason for its greater popularity, as eastern Europe is now much easier to reach than it was several years ago.
Croatian National Tourist Office has seen a huge increase in UK holiday makers and investor in seaside homes
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