Our Markets
At Accession, we only source investment opportunities we believe can generate worthwhile returns for our clients. Choosing which location to make property investments is the hard part. Shown below are the key markets that we are focusing on. To find out more about these markets and why we believe they represent a good investment choice, please visit our website at www.apip.co.uk.
Czech Republic
In the last 5 years, Czech Property 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 from the local market, a robust finance market, political stability and increasing levels of Foreign Direct Investment. In addition to Prague property, the second tier cities of Brno and Ostrava are expected to deliver significant growth over the next few years.
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Romania
Romania 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 Investments 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.
The capital, Bucharest has seen investment property perform exceptionally well in the last 12 months, with investors seeing growth rates exceed 40% in 2007. This growth - and the drivers behind it are already spreading out to Romania's second and third tier cities. Brasov, Cluj-Napoca and Constanta are all enjoying their own significant capital growth increases.
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Slovakia
Slovakia property 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 Slovakia Property market matures this strong export base will ensure the economy remains balanced as consumer spending takes off and drives property prices further ahead.
Bratislava property is expected to deliver solid growth although the highest capital growth has moved to the Eastern parts of the country with the second tier city such as Kosice forecasting good long term growth.
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Cyprus
Cyprus provides diverse opportunities for property investment as well as providing an exceptional lifestyle choice. In Cyprus, there is a mix of coastal and capital city properties that will appeal to investors. Cyprus' coastal property market has experienced a period of low level growth over recent years but now looks set to enter a period of sustained growth. Driven by an increasing demand for holiday lets and the availability of more low cost flights, coastal properties in Cyprus can now been seen as a solid investment choice with strong yields as well as offering a great long term lifestyle option.
Nicosia property has the advantage of being both a sun and city investment. It benefits from a lack of available building land and demand for new build property is high while supply is limited. Capital growth in the Nicosia property market is good.
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Bulgaria
Bulgaria 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 property 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.
Download Bulgaria Market Profile
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