| Cyprus, Britain and France will be the property hotspots of 2007, while emerging destinations, such as Bulgaria and Croatia, are expected to cool, according to property specialist Assetz. The Cyprus property market is expected to perform well, rising by a minimum of 10%, Assetz predicts, adding that the Cypriot property market is also poised to perform well in 2008, when it adopts the Euro. Then, it will have to cut interest rates to the currently-lower Euro rate, making borrowing cheaper. The British property market looks set to perform particularly well during the next 12 months, largely on account of a continued imbalance between supply and demand. Other western European destinations, such as France are also poised to providing strong competition to emerging destinations at considerably lower risk, Assetz said. |
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