Hi,

Does anyone know of an EU area/city that has or will see growth due to the resource boom that the world is currently undergoing?

One only has to look at Alberta in Canada or Perth in Oz to see the uplifting effect that resources and commodities can have on local house prices.

Is there anywhere within the EU that will or is seeing a similar effect?

The commodity boom has at least 5 years to play out and so resource driven economies have plenty of time to see further property price increases.

I guess the EU is pretty poor when it comes to availability of resources and is heavily dependent upon others to supply our needs.

Perhaps Silesia is one such area???

http: / /en .wikipedia .org /wiki /Silesia

Any others?

Hi Tom
Although outside of the EU - Ulan Batar, Mongolia is believed to be a hot spot because of it's resources. Does anyone have any knowledge re this property market?
LoriC

Although not in the EU the best place in Europe to profit from the resource boom in my opinion would be Norway (Stavanger followed by Oslo), Aberdeen will also benefit but to a lesser extent as hydrocarbon production is falling here and the UK gov't have been significantly less pro-active than the Norwegians in trying to create a global oil & gas technology hub and services base.

Hi

Although Mongolia and its capital Ulan Bator are fascinating places, I would say UB is light years away from establishing a developed property market suitable for overseas investors to get excited about. The tiny population (relative to the country's vast size) are still dirt poor and the mechanics of actually buying there would be pretty mindblowing, I'd say.
cheers