EU members 'popular with foreign investors'
Overseas property investors are increasingly being drawn to countries that are in the European Union, experts have said.
Financial services firm Blevins Franks stated that nations that were part of the international alliance tended to see a number of "huge" economic advantages as a result of their membership.
This was said to have helped make these countries very popular with foreign property buyers, especially those that had become members in the last few years.
Matthew Weston, manager of overseas mortgages at the firm, commented: "Countries which join or are being considered for membership into the EU have historically witnessed impressive property growth from foreign investors."
Mr Weston added that membership of the euro was another factor that had attracted many overseas buyers, as it meant the country in question would enjoy macroeconomic stability.
Cyprus is set to become a member of the single European currency at the beginning of January 2008.
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