Hartlepool, United Kingdom (PressExposure) April 06, 2009 -- An overseas property expert has recommended the Czech Republic for overseas property investment in 2009. A strong economic performance and low property prices make the Czech Republic a good choice, according to Julie Liddle, emerging markets analyst with Property Abroad, she said:
"The Czech Republic is projected to avoid recession; through growth forecasts are now down to 1.7% for 2009, this is still impressive against the back-drop of a global recession. Unlike many markets the Czech Republic was not a market fuelled by massively rising tourism, and as such property prices haven't grown rapidly. Nor was the economy or the property market dependent on foreign buyers, and that is why it is avoiding recessionâ.
"Growth in Czech republic property prices has been built on economic growth; on rising incomes and wealth within the country, and therefore, because the economy is still growing so property prices are expected to continue growing at the same gradual pace in 2009. When the rest of Europe recovers in 2010, the Czech Republic will be well placed for continued growth, making it an excellent choice for property investors, especially with prices being so low."
Property Abroad are currently advertising dozens of properties for sale in the Czech Republic, with prices starting from Â£25k for an off plan apartment in Prague. Resale properties advertised on the portal start from Â£54,000 for a 1 bedroom resale apartment in Prague. The portal is also advertising a farmhouse, cottage and barn near Klatovy in the Plzen Region, for Â£715,000.
About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.