Eastern europe – top dog in 2008?

Investors should look towards the CEE for the best investment returns this year, claims one expert...

According to Neil Lewis, Property Secrets CEO, enormous property price growth in Central and Eastern Europe is offering investors an escape route from blighted UK and Spain markets hit by the credit crunch.

Mr Lewis said: The top place to invest in 2008 is Central and Eastern Europe. Romania and Bulgaria are set to deliver some of the largest and fastest growth this year. Even Poland, which has already seen fabulous growth over the last two years, will still achieve a price growth of around 10%. This compares to a forecast of a small drop in prices in the UK of -2% and a larger drop in the Spanish cities of -5%.