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Bulgaria Property Investment News
Bulgaria reaching the top
Low living costs and a rapidly growing economy have made Bulgaria one of the most popular investment destinations for Brits considering overseas property.
Currency exchange firm Moneycorp recently reported that 12 per cent of enquiries in 2006 concerned Bulgaria, only two per cent less than perennial property hotspot France.
With property prices rising by 9.3 per cent in the first quarter of 2007 alone, Bulgaria's challenge to the traditional markets is no surprise, according to Chris Goodall, managing director of Quest Bulgaria magazine.
He commented: "You can buy a whole house in Bulgaria for the amount needed as a deposit in France. Bulgaria may lack some of the sophistication of France but with huge tourism growth, a low cost of living and high standards, it offers attractive returns," reports Easier.com.
"In Bulgaria it takes just a thousand Euros a month to live like a prince - in France you'll need three times that amount."
Mr Goodall's comments follow a recent survey from the Post Office which ranked Bulgaria as the cheapest destination in Europe.
The relative costs of 15 everyday items were compared by the Post Office Holiday Costs Barometer, with the Bulgarian shopping basket cheaper than in any other European country.
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