Sun, Jul 05 2009

POLAND, ESTONIA AND BULGARIA BECOME MORE POPULAR PROPERTY DESTINATIONS

Wed, Feb 07 2007 09:42 CET 173 Views

A number of European countries saw steady increase in property prices in 2006. Bulgaria, Poland, Estonia and Denmark are among these countries, The Guardian reported.

The Royal Institution of Chartered Surveyors analysed price growth in 26 European countries.

Poland is among the countries that registered steady price increase of over 33 per cent over 2006, the report said.

Prices increased the most in Poland's "ancient royal capital" of Krakow, where the price hike reached 58 per cent.

A high number of West European investors have been moving eastward and seeking property there, The Guardian reported.

Countries in the Scandinavian region also saw an increase in the property prices. The average hike in Denmark reached 22 per cent in 2006.

Polish agents said that the market is expected to remain active in the coming years.

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