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Bulgaria Property Investment News
Bulgarian tourist spots 'good for buy-to-let investors'
People who are considering purchasing rental accommodation in Bulgaria have been advised to buy property in major tourist spots.
Lewis Charles Sofia Property Fund said that home ownership levels in Bulgaria were high, meaning there was not much of a domestic buy-to-let market.
However, the firm stated that this did not apply to popular tourist regions, as visitors would always require rented accommodation.
Fund manager Loraine Pinel told the Telegraph: "In the tourist resorts there is a strong buy-to-let market coming from international investors."
She added that in the Bulgarian capital Sofia, the expatriate buy-to-let market was "expanding".
Ms Pinel went on to highlight many of the attractions of the Bulgarian market, such as the short journey times from the UK and range of activities for tourists, both in summer and winter.
Furthermore, she said that although the rate of house price inflation had started to slow down, property values were still growing.
Earlier this week, the Sofia Echo quoted bosses at the Zlatni Pyasatsi resort as saying that tourists were arriving from many other European countries, such as Germany and the UK.
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