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According to the author, House prices grew by 3.8% on average in the EU last year and the construction volume increased by 0.8%. These positive figures show that European residential property is now truly on its way to recovery.
The recovery stage of the property market cycle is the most favorable time to buy a new home as prices have reached their lowest point and are just starting to grow again. This is also beneficial to people who are selling or looking to rent out their home because demand is increasing. By Yury Stepanchenko, For foreign investors, the most promising of them are Bulgaria, Hungary, Spain, Cyprus, and Portugal.