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Bulgaria Property Investment News
Bulgarian property market 'growing fast'
Bulgaria's property market experienced the highest rate of growth in the world last year, according to new figures.
The Global Property Guide revealed that during 2007, it saw a higher rate of house price inflation than any other country.
Property values were said to have risen by 30.6 per cent since the previous year, more than the amount recorded in places such as Estonia and Lithuania.
The growth in the property market also outpaced that in the UK, which saw an increase of 9.7 per cent over this period.
These figures will prove to be of interest to people who are considering investing in the Bulgarian property market, as it suggests a purchase could be highly lucrative.
If this trend continues into 2007, property owners in the fastest-growing areas may be in line to benefit from a high rate of capital appreciation.
This means that the future sale price of the house will be much higher than the amount it was originally purchased for.
Last year also saw Bulgaria become a full member of the European Union.
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