New Off Plan Property Web Site is Launched Covering Central and Eastern Europe Properties

March 16, 2006 (Press Release) -- More and more people are adding international investment property to their property portfolios and off plan property purchases have provided excellent returns for many people.Ownership of property overseas by the British alone has grown nearly 50% since 2000. This represents an all time record of nearly 260,000 people who own a foreign property Whilst Spain has historically been the most popular choice among the British and many other nationalities for buying property off plan there is a growing interest in the emerging countries that now form Eastern and Central Europe. From Slovenia to Slovakia and Latvia to Hungary, off plan property prices compare favourably with the rest of Europe and, as low-cost airlines continue to expand into Eastern Europe, interest in this entire region is likely to increase still further.
To satisfy this growing interest in off plan property and the Eastern and Central European region www.offplanproperty.info has been created to pull together the vast array of disparate information available on the Internet into one coherent and easy to use portal. This interest in overseas property investment has been fuelled in recent years by low interest rates and stock market returns. In the UK the substantial increases in property values has also provided equity that is able now to be released allowing those that could previously not perhaps afford to purchase property abroad to do so.
All countries featured in offplanproperty have different reasons to invest ranging from pending or recent EU entry, the fact that it is an emerging holiday or tourist destination or simply because the economy is robust than more developed nations.Some of the countries covered are relatively immature where foreigners have only been allowed to buy property very recently. Many have already witnessed something of a price explosion, increasing by anything up to 50% over the last two years. All the vital signs are that prices in the main will continue to rise for the simple reason that Eastern European properties in particular are still comparatively low in price.Many countries profiled are experiencing large amounts of inward investment attracting interest in their property markets by both ex-pat businessmen and the local market as well who find that they themselves have become wealthier as a result, combined with the low cost of living that exists in many of the locations and the emergence of a stable mortgage market. Bulgaria for example has attractive skiing destinations with high altitude resorts and plentiful snow. It is also applying to host the winter Olympics in 2014.The same applies to those countries with as yet unspoilt coast lines and beaches facing the Black Sea or the Adriatic.
The advantage of buying property off plan is that the build cycle can be anything up to two years and with staged payments over the period. The expectation that property prices will continue to grow combined with the lower deposits initially required with buying off plan property affords the buyer less initial risk and the opportunity to, if required, sell on either before or after completion at a higher price.