Bulgarian property along with Cyprus and Portugal, have been named three of the top property locations for UK investors looking to buy abroad in 2007. Spain unusually has not been so popular and experts recommend avoiding Spanish property just now. The continuing low prices of Bulgarian properties make them very attractive with overseas investors.
Investing in Bulgarian property offers many opportunities due to its improving infrastructure and booming economy and tourism sectors. The Bulgarian economy is unrecognizable from the 1990’s when it was slowly emerging from communism and just beginning to adopt a market economy.
UK currency broker FX Exchange are expecting strong growth for the Bulgarian property market in 2007. They can see at present that there are strong flows of money into the country for both European and American investors. The strength of the currency and the fixed link to the euro is particularly encouraging for investors.
By comparison investment in Spain appears to be slowing and it is no longer so popular with Uk investors. Once a firm favourite with UK buyers it is losing appeal to the new developing market of Eastern Europe where there is particularly strong demand for Bulgarian property