Looking for New Fields of Real Estate?

The American market for real estate seems to be down for some time to come. The Western European market, particularly the Spanish market doesn't seem to be doing too much better. Perhaps you can try your luck at East European Real estate . Things have changed a lot now over 17 years since the fall of the Soviet bloc. Real estate in Eastern Europe may be a lot more inviting than you think.

Be careful to get your time and currency units straight when you go into the Eastern European property market. A two story home on the Bulgarian Black Sea coast may sound ideal for Euro 200,000. Remember that at current exchange rates, that is equal to almost $300,000. It's in a new complex, and is a duplex on two floors, with a total surface area of 168 sq meters, with three bedrooms and a living room. Recall at 100 square metters is about 950 square feet, so 168 square meters is pretty big. This is in the town of Dobric, Bulgaria.

In Kiev, in the Ukraine, you can buy a truly huge apartment for only Euro 557,000, or figure that must be for about $750,000. It too is a large flat, at 177 square meters. This charming flat is in a downtown building on Reytarska Street, and can also be used as an office. This could be some wild speculation, unless you are planning to move there.