Keithdjej
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Real estate markting - 2007/06/25 08:27
Europe is still a highly popular region for property investors despite the emergence of other markets around the world, it has been revealed.
Research from the Royal Institution of Chartered Surveyors (Rics) has found that Europe remains the strongest property market in the world, in part thanks to the emergence of eastern European destinations including Bulgaria and Hungary.
The opening up of such regions via low cost air travel has also contributed, with Rics advisors noting that the US slowdown was directing more investors across the Atlantic.
"As the economic slowdown continues across the US, the smart money has been flowing to more lucrative established European shores," said Rics senior economist Oliver Gilmartin.
"This trend should continue throughout 2007 although supply constraints in Eastern Europe are encouraging greater risk taking outside the more traditional locations," he added.
Meanwhile UK property fund manager Invesco real estate has said that it expects "robust rental appreciation" over the next five years.
From news.realestatetv.tv
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