Bulgaria still ranks in top 3 property investment hotspots

Novinite.com, 2007-01-11

     Bulgaria is still being marked among the top three European destinations for the overseas property investor in 2007, ranking next to Cyprus, say British experts.
     Property investment company Principal International forecasts that Bulgaria, described as a low cost and affordable destination, will remain very popular with the Brits and its European neighbours despite the ever increasing volumes of development schemes along its costal shores.
     Much development is also taking place near the capital Sofia and this continues to attract buyers alike with its diverse cultural environment.
     "The strong economy in Bulgaria and the much anticipated joining of the EU makes its currency strong and therefore means that the ever increasing demand for off plan and completed units still proves to be a wise investment for anyone looking for buy to let opportunities," the experts comment.
     In comparison to other European countries, Bulgaria is still attracting the shrewd investor. Its diversity of tourism means it has plenty to offer for ski and sun lovers alike.
     The prices of these luxury apartments and villas available started to show a substantial return 2 years ago and there is no sign that the trend is slowing down, with the average price per square meter reaching 70euros in some of the resorts, and prices are still rising, the experts add.

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