New EU members 'offer investment opportunities'
Overseas property investors have been advised to purchase in countries that have recently entered the European Union.
Research commissioned by the Daily Telegraph found that new member states such as Romania were potentially lucrative options for foreign buyers.
Knight Frank, which carried out the study, said it was one of "best gambles" for overseas investors, as it was experiencing an increase in employment levels, incomes and productivity.
Liam Bailey, head of residential research at the company, commented: "We are highlighting the new accession states because this is where the big employment and economic growth will be concentrated in the next 10 years."
He added that this process had occurred every time a country had joined the EU, citing Portugal and the Republic of Ireland as examples.
Mr Bailey stated that it was "very likely" to happen again in recent member states such as Romania, a country which joined the EU in January this year.
< Back to latest news