Poland 'Europe's most attractive property investment'

Photo: Glowimages

The 'European real estate assets investment indicator' report quizzed over 500 noted property investors, with the survey covering 15 countries.

33 percent of those surveyed described the Polish property market as “very attractive” for 2014, while 67 percent described it as “attractive.”

In second place was Germany, with 32 percent of respondents rating it as “very attractive”, 67 percent as “attractive” and 1 percent as “unattractive.”

Bottom of the ranking was France, with 40 percent of those surveyed describing the property market as "unattractive", 45 percent as "attractive" and 15 percent as "attractive."

41 percent of respondents “strongly agreed” that the overall transaction volume will rise on the Polish property market in 2014.

Poland was ranked ahead of Spain, with 26 percent of respondents “strongly agreeing” that transaction volume will rise, with the Spanish government offering perks such as immediate residency permits for buyers of property in the recession-stricken country.

Ernst and Young concluded that “Europe's real estate market is showing increasing signs of recovery.

“As Europe's economy stabilizes, improved sentiment is evident among investors from all parts of the continent,” says the report. (nh)

source: ey.com