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June 4, 2005

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.

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Posted on: Bulgaria