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Bulgaria Best Place for Overseas Investment - Survey
Updated: 2006-06-22

Bulgaria Best Place for Overseas Investment - Survey 

Novinite.com

Business

Bulgaria is the best place to buy an overseas property to invest in, according to property investment specialists Assetz.

The second quarter of 2006 actually saw Bulgaria improving its position considerably, from a 116 per cent return on cash invested in March to 137 per cent in June, says the research from Assetz.

Mortgage rates have fallen from seven per cent to 5.95 per cent in the period, meaning that borrowing is also significantly cheaper for those looking to invest in property.

"With the deposits required falling from 30 per cent to 25 per cent since March, investors are now enjoying extremely favourable conditions in Bulgaria."

According to the British property specialists the most important progression is that Bulgaria managed to develop a solid resale market.

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