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Thu 11 Nov 2008Silver lining for survivors of eastern Europe's property storm
TRENDS:Investors in Bulgarian resorts like Bansko and Sunny Beach have been hard hit but Krakow, Budapest and Bucharest should bring rewards for those who can sit tight. Daniel McLaughlinreports from Budapest
FOR ALMOST a decade now, a swathe of ex-communist eastern Europe has been a magnet for western property-hunters. Whether seeking a quick buck or long-term investment potential, they were drawn to countries that were on the road to European Union membership, were desperate to attract foreign investment, and were experiencing rates of growth that were the stuff of dreams in more developed economies.
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