New Off Plan Property Web Site is Launched Covering the Emerging Markets of Central and Eastern Europe – offplanproperty.info
More and more people are adding international investment property to their property portfolios and historically off plan property purchases have provided excellent returns for many people in many countries. www.offplanproperty.info aims to become the leading web site initially aimed at those interested in buying off plan property in the emerging economies of Central and Eastern Europe.
Guildford, United Kingdom, March 16, 2006 --(PR.com)-- Ownership of property overseas by the British alone has grown nearly 50% since 2000. This represents an all time record of nearly 260,000 people who own a foreign property –usually in a cheaper and sunnier country.
Whilst Spain has historically been the most popular choice among the British and many other nationalities for buying property off plan there is a growing interest in the emerging (and substantially less expensive) countries that now form Eastern and Central Europe, many of whom would previously have been satellite states of the Soviet Union. From Slovenia to Slovakia and Latvia to Hungary, off plan property prices compare favourably with the rest of Europe and, as low-cost airlines continue to expand into Eastern Europe, interest in this entire region is likely to increase still further.
To satisfy this growing interest in off plan property and the Eastern and Central European region www.offplanproperty.info has been created to pull together the vast array of disparate information available on the Internet (and from other sources) into one coherent and easy to use portal. It is aimed purely at those interested in buying off plan property in the emerging economies of Central and Eastern Europe either for investment or holiday home purposes.
More and more people are adding international investment property to their property portfolios and historically off plan property purchases have provided excellent returns for many people in many countries. This interest in overseas property investment has been fuelled in recent years by low interest rates and stock market returns. In the UK the substantial increases in property values has also provided equity that is able now to be released allowing those that could previously not perhaps afford to purchase property abroad to do so.
All countries featured in www.offplanproperty.info have different reasons to invest ranging from pending or recent EU entry, the fact that it is an emerging holiday or tourist destination or simply because the economy is robust and growing at a rate faster than more developed nations but, in almost every case, the property prices featured in this entire region still remain excellent value and way below those of more established property buying destinations.
Some of the countries covered are relatively immature where foreigners have only been allowed to buy property very recently in their own name or in some cases by setting up a company incorporated in that country. Many have already witnessed something of a price explosion, increasing by anything up to 50% over the last two years. All the vital signs are that prices in the main will continue to rise for the simple reason that Eastern European properties in particular are still comparatively low in price. Also, whilst some have already joined the European Union, others have not - a factor that historically has fuelled price rises in those countries as they get closer to and achieve entry.
Many countries profiled are experiencing large amounts of inward investment attracting interest in their property markets by both ex-pat businessmen and the local market as well who find that they themselves have become wealthier as a result, combined with the low cost of living that exists in many of the locations covered and the emergence of a stable mortgage market.
In certain cases the natural geography of a country is fuelling growth in the property market. Bulgaria for example has attractive skiing destinations with high altitude resorts and plentiful snow. It is also applying to host the winter Olympics in 2014. You can currently buy an off-plan apartment in one of Bulgaria’s premier skiing resorts for around £50,000. The same apartment in France would cost substantially more. The same applies to those countries with as yet unspoilt coast lines and beaches facing the Black Sea or the Adriatic.
The advantage of buying property off plan is that the build cycle can be anything up to two years and with staged payments over the period. The expectation that property prices will continue to grow combined with the lower deposits initially required with buying off plan property affords the buyer less initial risk and the opportunity to, if required, sell on either before or after completion at a higher price.
offplanproperty.info is owned and operated by Off Plan International Ltd, a wholly owned subsidiary of Balkan Holdings plc which in turn is a holding company with diverse business interests in Eastern and Central Europe. Balkan Holdings plc are also the owners of My Bulgaria Ltd who operate the hugely successful site mybulgaria.info aimed at those buying, or thinking of buying, property for sale in Bulgaria.
Press Contact: Chris Northam
Company Name: Off Plan International Ltd
Phone: 00 44 1483 532984
Website: offplanproperty.info
###
Whilst Spain has historically been the most popular choice among the British and many other nationalities for buying property off plan there is a growing interest in the emerging (and substantially less expensive) countries that now form Eastern and Central Europe, many of whom would previously have been satellite states of the Soviet Union. From Slovenia to Slovakia and Latvia to Hungary, off plan property prices compare favourably with the rest of Europe and, as low-cost airlines continue to expand into Eastern Europe, interest in this entire region is likely to increase still further.
To satisfy this growing interest in off plan property and the Eastern and Central European region www.offplanproperty.info has been created to pull together the vast array of disparate information available on the Internet (and from other sources) into one coherent and easy to use portal. It is aimed purely at those interested in buying off plan property in the emerging economies of Central and Eastern Europe either for investment or holiday home purposes.
More and more people are adding international investment property to their property portfolios and historically off plan property purchases have provided excellent returns for many people in many countries. This interest in overseas property investment has been fuelled in recent years by low interest rates and stock market returns. In the UK the substantial increases in property values has also provided equity that is able now to be released allowing those that could previously not perhaps afford to purchase property abroad to do so.
All countries featured in www.offplanproperty.info have different reasons to invest ranging from pending or recent EU entry, the fact that it is an emerging holiday or tourist destination or simply because the economy is robust and growing at a rate faster than more developed nations but, in almost every case, the property prices featured in this entire region still remain excellent value and way below those of more established property buying destinations.
Some of the countries covered are relatively immature where foreigners have only been allowed to buy property very recently in their own name or in some cases by setting up a company incorporated in that country. Many have already witnessed something of a price explosion, increasing by anything up to 50% over the last two years. All the vital signs are that prices in the main will continue to rise for the simple reason that Eastern European properties in particular are still comparatively low in price. Also, whilst some have already joined the European Union, others have not - a factor that historically has fuelled price rises in those countries as they get closer to and achieve entry.
Many countries profiled are experiencing large amounts of inward investment attracting interest in their property markets by both ex-pat businessmen and the local market as well who find that they themselves have become wealthier as a result, combined with the low cost of living that exists in many of the locations covered and the emergence of a stable mortgage market.
In certain cases the natural geography of a country is fuelling growth in the property market. Bulgaria for example has attractive skiing destinations with high altitude resorts and plentiful snow. It is also applying to host the winter Olympics in 2014. You can currently buy an off-plan apartment in one of Bulgaria’s premier skiing resorts for around £50,000. The same apartment in France would cost substantially more. The same applies to those countries with as yet unspoilt coast lines and beaches facing the Black Sea or the Adriatic.
The advantage of buying property off plan is that the build cycle can be anything up to two years and with staged payments over the period. The expectation that property prices will continue to grow combined with the lower deposits initially required with buying off plan property affords the buyer less initial risk and the opportunity to, if required, sell on either before or after completion at a higher price.
offplanproperty.info is owned and operated by Off Plan International Ltd, a wholly owned subsidiary of Balkan Holdings plc which in turn is a holding company with diverse business interests in Eastern and Central Europe. Balkan Holdings plc are also the owners of My Bulgaria Ltd who operate the hugely successful site mybulgaria.info aimed at those buying, or thinking of buying, property for sale in Bulgaria.
Press Contact: Chris Northam
Company Name: Off Plan International Ltd
Phone: 00 44 1483 532984
Website: offplanproperty.info
###
Contact
Off Plan International Ltd
Chris Northam
01483 532984
www.offplanproperty.info
Chris Northam
01483 532984
www.offplanproperty.info
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