Innovative property investments
Bulgaria Property Investment News
Double-digit growth for Bulgaria
While it is increasingly threatened by neighbouring emerging markets, Bulgaria continues to pull in large-scale foreign investment.
According to local estate agent ERA Bulgaria, property prices should increase by an average of ten per cent over the next year, thanks in no small part to continued overseas interest.
In conversation with investor.bg, the estate agent said that even more impressive growth would continue in Bulgaria's urban centres, with a 16 per cent price rise seen in Sofia during the first quarter of 2007, while housing in Varna became 18 per cent more expensive.
British investors seduced by the obvious capital growth available should remember that infrastructure in the country still requires substantial improvement and allegations of corruption still plague Bulgarian business.
However, as membership of the EU leads to greater regulation of the country's business practices, UK buyers can feel increasingly secure about their investments.
Even with its problems, the Bulgarian property market is still one of the best performing in the world - according to Justin Figgins, of RightmoveOverseas, properties in the most popular areas of the Balkan state saw a 40 per cent price increase in 2005 and a 20 per cent rise last year.
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