Guide reveals the countries whose property markets are soaring and falling in the wake of the global financial crisis
Guide reveals the countries whose property markets are soaring and falling in the wake of the global financial crisis
An interactive guide to European property investment showing the safest and riskiest countries to invest in has been created by Gateway Homes.
The guide uses data from various sources, including the Royal Institution of Chartered Surveyors to rank 27 EU member states in categories such as lowest house prices, cost of living and change in house price over a year.
Property markets in countries like Estonia, Spain and France have shown a recovery after the global financial crisis with strong increases in their average house price.
However, the UK is shown as having a risky investment status due to its higher-than-average cost of living and drop in house prices. Some eastern European countries such as Hungary and Bulgaria are labelled as cautious as a reflection of their mixed economies.
Luxembourg comes top for salaries, with average gross income at £3,022.47 per month while Romania has the lowest cost of living out of the entire EU. Estonia has seen the highest growth in house prices at 14.14 per cent and the lowest house prices are £1,031 per square metre in Bulgaria.
CEO of Gateway Homes, a UK-based property buyer, said: “Since the economic downturn, the European housing market has been in a state of flux.
“Its important for potential property investors to see which countries are recovering and which are still struggling. Obviously many different factors affect the decision to invest, so the guide includes statistics on average salaries, cost of living and change in house prices.”
The guide can be found here http://www.gateway-homes.co.uk/euro-investment-guide/#
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