Gateway Homes creates interactive guide to European property investment
An interactive guide to European property investment has been created by Gateway Homes. The guide has shown the safest and riskiest countries to invest using data from various sources, including the Royal Institution of Chartered Surveyors, to rank 27 EU member states in categories such as lowest house prices, cost of living and change in house price over a year. The guide has also shown that property markets in countries such as Estonia, Spain and France have begun to recover after the global financial crisis with strong increases in their average house price. The UK has been considered as a 'risky' investment status due to its higher-than-average cost of living and drop in house prices. Some eastern European countries such as Hungary and Bulgaria are labelled as 'cautious' as a reflection of their mixed economies. CEO of Gateway Homes commented: "Since the economic downturn, the European housing market has been in a state of flux. "It's important for potential property investors to see which countries are recovering and which are still struggling. Obviously many different factors affect the decision to invest, so the guide includes statistics on average salaries, cost of living and change in house prices."