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Bulgaria Property Investment News
Bulgarian market still booming
A new report from the Bulgarian National Bank has shown that the Balkan state's popularity for overseas property investors is still growing.
Foreign buyers acquired €310 million worth of Bulgarian property in the first quarter of 2007, a 63 per cent increase on the level of investment recorded in 2006.
The dual season potential of Bulgaria continues to attract foreign investment - especially from the UK - and it is expected that the €1.1 billion worth of property bought by overseas investors will be easily surpassed in 2007.
While Sofia continues to thrive due to increasing commercial investment since the country's accession to the EU, the success of the Bulgarian tourism sector also continues to attract foreign property buyers.
The Bansko and Super Borovets ski resorts offer some superb pistes, while property on the Black Sea coastal resort has a similar feel to the perennially popular Costa del Sol - only at a fraction of the price.
The Bulgarian National Bank report follows the recent news from the Sofia Echo newspaper that the number of properties up for sale in Bulgaria has increased by 50 per cent in the last six months alone.
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