Britons invest GBP 154 million in property in Bulgaria in 2006. Bulgaria ranks third

Property Wise, 2007-05-19

     UK property buyers invested nearly GBP 154 million in Bulgaria in 2006.UK property buyers invested nearly GBP 154 million in Bulgaria in 2006, a survey of the Association of International Property Professionals (AIPP) shows.
     Britons spent nearly GBP 20 billion on overseas property last year, with the average price of a British-owned property costing GBP 98,000.
     Spain remains the top market for Britons: 31.6 per cent of the properties bought by British buyers in 2006 are in Spain. It is followed by France (18.9 per cent) and Bulgaria (7.7 per cent). Though the two traditional destinations for UK property buyers still hold more than 50% of the market, Bulgaria's EU entry is expected to further increase investors' interest, Pari daily reports.

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