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Bulgaria "Top Country for Holiday Makers, Property Investors"
Bulgaria "Top Country for Holiday Makers, Property Investors" << Back to list of articles
A new report has placed Bulgaria in the top three countries for expected growth in 2006, reported news.assetz.co.uk. The site is managed by a group of property investment companies delivering selected UK and overseas property and investment solutions.
"Basing its league table on the number of searches on its website, cheapflights.co.uk found that there had been a 50 per cent increase in interest in Bulgaria, with both holiday makers and prospective property investors all eager to learn more about the country."
The article points out that in recent years, property investment in Bulgaria has become increasingly common as individuals and businesses alike have looked to make the most of a rapidly improving economy and a burgeoning tourist industry.
"Many experts have suggested that Bulgaria's accession to the EU would be the final factor in opening the floodgates to a property boom similar to that enjoyed by Spain during the last 25 years."
The article points out tourism as yet another factor to instigate a general rise in house prices in Sofia and beyond and it is this basic assumption that has led many UK residents to invest already in the still remarkably cheap property around the capital.
"Ski resorts including Borovets and Bansko have also proved popular as many investors look to capitalise on the fact that houses can be acquired at a much cheaper price than corresponding property in France."
The country is also witnessing a sharp rise in the number of commercial property projects in Sofia as worldwide businesses look for a base in Eastern Europe, news.assetz.co.uk adds.