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Bulgaria Property Investment News
Bulgarian property market to see further growth
Investing in the Bulgarian property market could be a lucrative move, an expert has suggested.
Martin Gikov from UniCredit Bulbank told a national news agency that the eastern European country was proving to be particularly popular with Russian investors.
Speaking to Novinite, he added that people in Scandinavia had also been recently drawn to the Bulgarian market.
He also stated that the trend of high house price growth in 2007 is set to be repeated this year.
Mr Gikov told the news provider that Bulgaria could potentially see property values go up by as much as 20 per cent over the next 12 months.
This means that overseas property buyers who enter the market before this increase has taken place could find their assets are worth considerably more within a short space of time.
As a result, investors could sell their profit on at a profit and enjoy considerable returns.
This comes after the Global Property Guide revealed that Bulgaria's property market experienced the highest rate of growth in the world last year.
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