Looking to invest in the next European hotspot? Then follow the football. Poland and Ukraine's winning bid to host the European Football Championships in 2012 will put both countries in the spotlight in the coming years. They should also benefit from infrastructural improvements.

Property in Poland's capital Warsaw is tipped for growth of between 10 per cent and 20 per cent a year for the next five to 10 years, according to Property Secrets. Also, locals have access to 100 per cent mortgages, prices are low and disposable income is on the up. So, it appears the best bet.

Of the Ukraine selection, Kiev is the one to look at, although it is not easy to buy there because of a poor legal framework.