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Wednesday 19th December 2007
Countries that are joining the European Union's single currency can offer investors significant opportunities, it has been claimed.
The "huge economic advantages" of joining the European Union and single currency has meant that countries being considered for membership tend to see a boost in overseas property investment, multi-disciplinary independent financial services group Blevins Franks said.
Matthew Weston, manager of overseas mortgages at Blevins Franks, explained: "Countries which join or are being considered for membership into the EU have historically witnessed impressive property growth from foreign investors."
He added: "It is no wonder that people invest in a new-born member countries, as they feel that it is likely that membership brings with it prosperity and protection."
At present, 13 countries are part of the euro, while Malta and Cyprus can offer good investment opportunities because they are due to join the single currency in January 2008.
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