Bulgaria still ranks as property investment hotspot

21 December 2006

Bulgaria is still being marked as among the top three European destinations for the overseas property investor in 2007. It ranks as highly as Cyprus according to foreign exchange experts and leading property investment company Principal International.

This low cost affordable destination is still 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 its Capital Sofia and this continues to attract buyers alike with its diverse cultural environment.

The competition to buy low cost properties that show a valuable rental yield is not diminishing, with buyers coming from all over Europe and America

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.

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 property market there is by no means exhausted, and with the continual financial support being offered, there is still plenty of money to be made.