Slovakia could be seen as a solid overseas investment. Property is reasonably priced, the economic growth is strong, there is no capital gains tax on long term property holdings and rental income tax is low. The stream of investment money into the country implies that economic growth will continue strong and reform will remain on course.
Gross rental yields of 10% can be attained in Sofia, Bulgaria’s capital but there are high transaction costs on purchase.
Gross rental yields are 8% in Bucharest, Romania, and again there is no capital gains tax.
Property prices are fairly low in Budapest but Hungary’s economic growth is weak.
Estonia has emerged as the strong eastern European country with staggering property prices – a huge 246% in the last 5 years. However, property is becoming more costly.
Despite the positives mentioned above, the Ukraine and Russia have many drawbacks which make them unattractive overseas investments. In particular, Russia has an uncertain political environment and can be considered as very expensive. However, solid economic growth could make it appealing for some investors.could be seen as a solid overseas investment. Property is reasonably priced, the economic growth is strong, there is no capital gains tax on long term property holdings and rental income tax is low. The stream of investment money into the country implies that economic growth will continue strong and reform will remain on course.
Gross rental yields of 10% can be attained in Sofia, Bulgaria’s capital but there are high transaction costs on purchase.
Gross rental yields are 8% in Bucharest, Romania, and again there is no capital gains tax.
Property prices are fairly low in Budapest but Hungary’s economic growth is weak.
Estonia has emerged as the strong eastern European country with staggering property prices – a huge 246% in the last 5 years. However, property is becoming more costly.
Despite the positives mentioned above, the Ukraine and Russia have many drawbacks which make them unattractive overseas investments. In particular, Russia has an uncertain political environment and can be considered as very expensive. However, solid economic growth could make it appealing for some investors.