2008. június 8., vasárnap

Low rental returns on Baltic property may push buyers to look elsewhere, Hungary maybe

The Baltics have till recently been Europe's hottest residential investment destination, with Estonian house prices (e.g.) rising 556.41% between 1997 and 2006, and 245.95% in the past five years. But residential property in the Baltics is now expensive, the Global Property Guide has said on Thursday in its latest research. Apartments in capital cities are priced at around the same level as in Copenhagen, Helsinki and Stockholm, the GPG added. It is enthusiastic about the investment opportunities in Bratislava, Slovakia, and listed Budapest, Hungary's capital city, as one of the four “reasonably attractive investment destinations".
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