As per Knight Frank, the property prices in Eastern Europe are rising at a rate which is faster as compared to anywhere in the world. On the other hand Japanese property values continue to dip. Take the case of Riga, the Latvian capital where the property prices have shot up by 45.3 percent till June this year after gaining 73.5% in the previous year. Growth in property prices was also witnessed in Bulgaria and Estonia. Bulgarian house price inflation has remained at 20.5% due to speculation and interest from foreign second home buyers.



I believe that now it’s the turn of Europe to witness boom in property prices after U.S.A, South Africa and U.A.E had their share of the boom pie. With these markets either slowing down or showing signs of crashing, people looking for greener pastures should move on to Eastern Europe in order to cash in on the property boom that it is witnessing.