The worst in Europe for direction of investments GlobalEdge opinion

Internet resource GlobalEdge called Cyprus worst in Europe destination for investment. Among the other candidates for the title - Portugal and Spain. According to the newspaper, the main problematic features of the markets - is the lack of mortgage financing, lower prices, chronic oversupply, relentless media exposure, corrupt officials and a minimum number of transactions. Portugal although it remains a candidate for departure from the euro zone, the law correction and adequate government actions helped the country avoid the worst-case scenario. Spain, known for its corruption sandals, protracted fall in prices, oversupply, according to the observations of analysts, yet gradually selected out of the pit. Experts hope to pent-up demand in the Spanish market as one of the largest real estate markets in Europe. On prices have dropped significantly the secondary market of Cyprus, and the transaction continues to be, albeit in modest quantities. A very difficult position in Cypriot banks, since they own a lot of real estate, besides its considerable part is in Greece. Standard & Poors and Moody's reduced the rating of the Company of Cypriot banks, which means only one thing - tightening mortgage lending. The situation is exacerbated the problem with the titles of ownership, which in the worst case can be regarded as a fraud, the article says Global Edge. Based on materials Global Edge .