Innovative property investments
Bulgaria Property Investment News
Investment property in Bulgaria offering great returns
A recent price index has revealed that investment property in Bulgaria is ranked second in Europe for return rates.
The quarterly Assetz index showed that returns for Bulgarian housing reached a superb 71 per cent last year, underlining the excellent profit potential in the Balkan country.
However, the report showed that Poland had performed even more impressively than Bulgaria, with an amazing 100 per cent return rate on investments.
Stuart Law, managing director of Assetz, said that anyone considering investment property in Bulgaria or Poland should take into account market fluctuations.
"Due diligence will become even more important during this next phase of the global property market's cycle, and investors must be more selective to ensure they are not only buying in the right country, but in the right town or city, in order to benefit from the highest returns," he commented.
Mr Law's comments were followed by the news that the Bulgarian government has invested some €250 million in the Golden Sands resort in the last six years.
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