Romania and bulgaria’s capital appeal

Investors should consider buying property in Bucharest and Sofia, argues one expert…

Neil Lewis, founder of Property Secrets, explained: “Emerging markets are categorised by three stages of development - a period of rapid price growth, followed by months of stabilisation and then more modest, but sustainable, price rises.

”Bucharest and Sofia are still in the early stages of the first phase and buyers should consider them because of this.  While the Czech and Slovak capitals of Prague and Bratislava have now entered the second phase, they still represent "solid investments".

”I would however advise investors to avoid Hungary - because of its poor economic performance - and Baltic states such as Latvia and Estonia, as prices in the area have increased far too quickly.