Investors 'should not panic'
Overseas property investors have been urged not to panic after new figures revealed signs of a slowdown across many European housing markets.
Foreign Property Buyer stated that a number of factors had contributed to the rate of house price inflation slowing down across the continent last year.
The website highlighted the impact of the credit crunch as one of the main contributors, along with the European Central Bank's interest rate policies.
However, the online portal said that if investors choose their property carefully, good deals could still be found.
Foreign Property Buyer commented: "Some of the newer property markets in eastern Europe are showing strong property price rises so there is still good money to be made."
Earlier this week, the Royal Institute of Chartered Surveyors revealed that countries such as France and Spain saw a lower rate of house price growth last year than in 2006.
Property values in both countries went up by 3% during this period, raising fears of a possible downturn across the continent.
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