Property Frontiers sourcing manager Simon James reports that the Baltic states are currently enjoying fantastic economic growth, which is attracting investors from overseas and boosting the real estate market.

"GDP growth is very strong" in countries such as Lithuania, Latvia and Estonia and "it is supported by a very young and very highly educated society", he reported.

"Yields are low, but growth is very, very high."

Any potential stigma surrounding the states' former status as members of the Soviet Union is also negligible, he continued, since the world's leading multi-nationals were flocking to set up headquarters in countries like Slovakia.

The eastern European country "has a huge output", he said: "Samsung and Dell, all these large firms are opening up logistics centres and factories in these areas.

"I would put my money in Slovakia, Romania, maybe the Baltics," he admitted.