The Arctic is still unspoilt and has an air of wildness that appeals, according to Liam Bailey of David Stanley Redfern. It attracts a huge number of visitors for the Festive and ski-ing seasons but is also able to provide all year round rental yields of at least 6% for investors because of its golf courses, horse riding and fishing.
The climate means ski resorts are open from November to May and there are plenty of other attractions for winter including husky and reindeer sleigh rides, snowmobile safaris, Icelandic horse rising and the spectacular Northern Lights.
And it has the potential to give long term property investors good capital appreciation. Property prices have slowed from a high but as it is an emerging market there is still plenty of potential, it is claimed.
'Lapland's all-year-round beauty is attracting vast numbers of tourists for summer vacations as well as the six months of world class skiing conditions. Finland property prices grew by an average of 97% between 1995 and 2005, and although capital appreciation has slowed to a respectable average of 8%, property in the new emerging market of Lapland is expected to grow by around 250% in the next ten years,' predicted Bailey.
His optimism is echoed by Tim Warrington of landlord.co.uk. 'Summer tourism is on the rise in Lapland thanks to a whole host of activities on offer from salmon fishing to white water rafting. It is becoming an all-round venue for holidays and is therefore an excellent choice for UK property investors who are looking for a more stable opportunity than say the Eastern Bloc countries,' he said.
