Bulgaria, Northern Cyprus, and Turkey Property Markets could be hit hard by EU vote

Eastern European states Bulgaria, Cyprus (north), and Turkey are popular with British and Irish property market investors. However, these countries could be hit hard by the troubles over the French and Dutch EU ratification/ referendum of “No” votes. Countries already in the EU bloc, like Southern Cyprus, are safer.

Votes by the Dutch and French people are clearly an indicator of EU excessive growth in its membership. There were warnings from experts that countries not yet part of the EU could be left out in the cold could experience severe effects on their economies and property markets.

Posted on: Bulgaria

June 1, 2005

Buyers Spending Billions in France

Famous for its wines and cheeses, romance, and beautiful landmarks, France continues to be in the top wish-list of destinations for new properties and second homes among foreign buyers. Picturesque holiday locations in the south painted with quaint, traditional hide-aways in rural France attract buyers in droves. Moreover, people are drawn to its weather, lifestyle, and relatively low property prices.

Taking these reasons into account it is little wonder that foreign buyers have spent literally billions of pounds on properties in the country in recent years. Figures from real estate company Cushman & Wakefield Healey & Baker reveal that total foreign investment in French properties stood at £8.43 billion, which increased from £2.4 billion in 2000, a large bulk of which originates from UK buyers.

Posted on: France

News by country

Bulgaria, Northern Cyprus, and Turkey Property Markets could be hit hard by EU vote

Buyers Spending Billions in France

Recent Posts

News archive