Property experts often suggest that Bulgarian property will continue to be a popular location of real estate investors. Figures from the latest overseas property ranking show Bulgaria is still no 1 on the property investment location charts. Bulgarian property currently offer investment return of over 110% for property purchasers, Assetz reported. Because of the large growth figures Bulgaria property stays on top of other attractive property locations such as Cyprus. According to Assetz, the country is now very similar to the situation in Spain in the early 80s in terms of potential returns and capital gains. Also, property in Bulgaria remains cheap with property prices significantly lower than in similar European destinations. The cheap prices of Bulgarian properties are the significant reason that so many foreign investors are purchasing in the country, the report says.
Although the current strong growth is expected to calm, property market growth in Bulgaria for 2006 will remain positive, according to Assetz predictions. Winter resorts such as Bansko and Borovets will continue to attract holiday property buyers. Due to these latest positive investments and continued growth locations like Bulgaria and Cyprus are surpassing other more established locations in western Europe, Assetz states.
