I read an article about chap who purchased an investment property in Brussles thinking he could rent it out to some gravy train Eurocrat and make a good return on his investment. Property remained empty for several months and he had to reduce his rental rate by fifty percent, but property itself is cheaper and you tend to get more for your money in the Benuloux countries. I would suggest the old East Germany of Central Europe as a great place to invest in property if you intend to play a long game as these economies are likely to grow considerably over the next ten years. I base this on the model of Spain where the economy has more than doubled in size since it's accession to the EU tweny odd years ago. A coastal property in Mercia bought back in 1997 for 70k is now worth £350,000.00 and generates income of of around £17,000.00 per annum But to be frank this whole discussion is about as intesting as watching paint dry and whilst I am pleased for you Miles, my only interest in your increased salary is that it results in you standing your round just a little more frequently than has untill now been your tradition.

Nathan