MONTENEGRO is the new Croatia with beaches and beautiful fjords. Increased access to beaches and mountains in the form of new motorways and cheap carrier airport connections will ensure a rise in tourism and increased property prices.

Romania is different, with opportunities coming in residential properties for Romanians; the tourism opportunity is smaller by comparison. Look to ski in the short term and sea over a longer run.

Bulgarian ski, near Sofia: as the property markets of the new joiners settle into solid growth, quality locations come through. The Sunny Beaches and Banskos of this world may face over supply, but the SuperBorovets ski region is a growing opportunity for second homes for residents of Sofia and for international investors.

Cape Verde: the ground-up opportunity that has been causing a stir over the last 18 months, with planned development of four airports over the next 10 years in Caribbean-style resorts readily accessible to Europe.

The Americas: the USA, Canada, the Caribbean, Central America and South America are seeing great interest in tourism developments and residential growth.

Chris Howard is managing director of 4:Property offering a share in developers’ profits through the 4:Property Projects operating in the UK and overseas. Call 01383 623322 or visit www.4you.uk.com.