Investment Property Potential in Estonia
Property investors are targeting the tiny Eastern European country of Estonia with a vengeance because it offers massive and sustainable long term potential for profit and property price gains with real estate prices having already increased by as much as 30% in just three years. The popularity of this breathtakingly beautiful country stems from many different points: firstly the country is an economic success story. Having escaped the domination of Soviet rule back in 1991 it has since established strong trade links with Finland, Sweden and Germany and now has a GDP growth rate of around 6% annually. Secondly the government of Estonia is committed to the promotion of foreign direct investment and to this end it offers some impressive tax breaks to companies who establish themselves in Estonia.
Income tax is a flat 26% in Estonia making it one of the most competitive of all European nations and therefore more appealing for multinational companies seeking a base in Europe and more appealing for local and foreign employees. And finally, Estonia has a rugged and natural beauty and its natural landscape and friendly people are drawing more and more visitors to the country annually and so the tourism market in Estonia is growing quickly. Property investors have been targeting the capital city of Tallinn where the majority of international companies investing in Estonia are establishing bases and where there is an increasing demand for quality residential and commercial property to rent, buy or lease.
A lot of the residential real estate in Estonia’s cities is old Soviet style apartment block units and these properties are not at all popular. More and more developers are constructing new and modern accommodation that property investors are snapping up and renting out to tenants or selling on to first time buyers or other property investors upon completion. Those who wish to buy these types of property pre-construction benefit from the fact they buy at today’s prices but take possession in 12 – 18 months when the real value of the property has risen quite substantially.
Unlike in many other countries around the world, those who buy off-plan in Estonia usually only have to find between 10 and 20% of the property’s price during the build period because the majority is payable upon completion – this makes it easier for a property buyer to save to afford a property or to flip upon completion and resell to realize the profits with which to pay the developer. The investment property potential in Estonia is exceptional and anyone looking to diversify their real estate portfolio should consider this Eastern European country’s property market.
Prospects of Investments in Bulgaria
Bulgaria is one of the important countries of European Union. Republic of Bulgaria is surrounded by Romania to the North, Serbia and the Republic of Macedonia to the west, Greece and Turkey to the south, and The Black Sea defining the extent of the country to the east. The country is blessed with natural diversity increasing its attraction and charm from tourism point of view. Snow-capped peaks and landscapes of Alpine range of mountains, mild and sunny Black Sea coast along with typical continental Danubian Plains are the notable features of geographical diversity. As added attractions, Bulgaria has several rivers flowing all around the country as well as several small, medium and large lakes providing excellent aquatic beauty.
Due to natural beauty, several places have become popular as tourist hotspots. Investing to these Bulgarian regions is a wise decision. Bulgaria has supported a booming property market that for 4 years and attracted a multitude of European and American investors, many of whom have chosen to remain in the market and make subsequent purchases. Bulgaria has supported the booming European property market. Promising Bulgarian Real Estate market has attracted a multitude of European and American investors.
Bulgaria is attracting tourists from European and American middle class segment. Therefore, investment in middle class travel and tourism amenities is gaining momentum. Real Estate firms and investors are investing large sum of money in building several regular resorts, golf resorts, beach resorts, mountain resorts and multi specialty resorts to attract maximum possible visitors and to flaunt their investment. Not only investment and real estate companies are coming towards Bulgaria for investment, but also individuals are taking a leap forward to invest their savings in Bulgarian property market. Investing in Luxurious apartments and other residential and commercial properties are new rave among people.
Your investing in Bulgaria can provide you attractive returns within no time. Not only, you can earn a regular amount from your residential or commercial property bought in Bulgaria, but also you can have your own roof while you plan to spend your next summer holidays in Bulgaria. At the end of your decision of investing in Bulgaria, you will feel proud on your wise decision.
