Europe remains mired in uncertainty, wracked by recession, plagued by soaring borrowing costs and subject to constant rumors of a eurozone breakup.

For one investment firm, now is the time invest in Europe, as the continent will eventually see better days and many stocks are oversold.

"We think the markets have gotten ahead of themselves,” says Jeremy DeGroot, chief investment officer at Litman Gregory Asset Management, a California investment firm, the New York Times reports.

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"They’ve priced in so many problems for Europe that, on a relative basis, European stocks look very attractive for long-term investors."

In the short term, markets will be roiled by volatile trading swings.

Spain just accepted a $125 billion bailout fund to recapitalize its banks, and fears persist the country itself will need a sovereign lifeline.

Recent elections in Greece thrust the conservative New Democracy political party in Greece, yet the country still faces the problem of too much debt and not enough growth.

"We’re really not very bullish on Europe for the short term," DeGroot says, the New York Times adds.

Other high-profile investors see opportunities in Europe, including real estate mogul Donald Trump, who says Spanish properties are a good buy.

"Spain is an amazing place. It's a great country. It's got a fever and this is the time to take advantage of it. In five years all of a sudden the same apartments will be selling for a lot of money," Trump tells CNBC.

Even Greece may harbor real estate investments down the road.

"I don't want to really suggest it, but somebody brought a project to me the other day in Greece."

"You're getting it for nothing, you're getting the land for nothing, you're getting everything for nothing. You have to sit with it for a while, but there are a lot of great opportunities in Europe, there's no question about it. "

Editor's Note: The Final Turning Predicted for America. See Proof.