Landlords would do well to invest in property in Eastern Europe, according to new research revealing rental yields in the region are on the increase.
According to Homebuyer Events, which is organising the Property Investor and Homebuyer Show North in Manchester from June 24th to 26th, the increasing availability of cheap flights and the low cost of living is encouraging many Brits to move to Eastern Europe.
Rental yields in cities across the region have thus received a boost, with Sofia, Bulgaria, where property prices average £25,000, seeing yields of between seven and ten per cent per annum, and Prague, Czech Republic, where the average property costs £39,000, seeing yields increase to between five and seven per cent per annum.
"Ten years ago no one would consider investing in Eastern Europe, but now property in the Eastern Bloc is selling faster than ever," comments Nick Clark, managing director of Homebuyer Events.
"Holidays in countries that have recently joined the European Union are becoming increasingly popular so investors with a long term perspective will secure solid rental yields."
Bulgaria has experienced a particular boom in property, Homebuyer claims. Resorts such as Sunny Beach and Bansko offer sound investment opportunities for landlords who can target holidaymakers looking for both beach holidays and skiing trips. Click here to find out more about investment property.
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