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 Czech Republic - News

 FOPDAC Tips Czech  23.05.2007 back
The Federation of Overseas Property Developers Agents and Consultants (FOPDAC) lists the Czech Republic as a strong emerging property market.

Britons looking for an overseas property investment in an emerging market should turn their sights on Croatia, Montenegro and the Czech Republic - but they'd better be quick.

The Federation of Overseas Property Developers Agents and Consultants (FOPDAC) said although all three countries are strong emerging property markets in Eastern Europe, British investors should act quickly to get the best deals.

Croatia and the Czech Republic in particular are already popular among German and Austrian investors, who have easier access to view developments, Fopdac revealed.

Arlette Adler, spokesperson for Fopdac explained that Croatia has recently experienced a real influx of investment by Germans having grown in both in terms of popularity and return on investment.

"Croatia has become expensive two years ago it was really cheap. You could buy a flat for £80,000 to £100,000. Now the same flat would sell for over £200,000. That has proved itself to be a success," she said.

Ms Adler said that the beauty of Montenegro was just starting to be discovered by foreign property investors, and had the potential to "blossom into a good proposition".

And, although the Czech Republic may be an as yet unknown property nvestment location to many Britons, it has recently attracted large numbers of Germans and Austrians eager to snap up a solid buy, she revealed.

"If [British investors] want to get in there, they should It would take a brave person, but I think they all have quite a lot of potential."
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