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Bulgaria 'top EU destination' for homebuyers


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Bulgaria is a "sound financial investment" for potential property buyers, according to one expert.

The country has profited rapidly since joining the EU in January this year, with the capital city of Sofia in particular attraction millions of visitors and investors over the last few months.

And Bulgaria is still considered to be one of the fastest growing tourism markets in Europe, which is ideal for those looking to buy investment property to rent out or use as a holiday home.

Robert Jenkin, director of property specialist Bulgarian Dreams, said: "Despite the initial cynicism in the media about the Bulgarian property market, it has proven to be a sound financial investment, supported by a strong economy.

"Bulgaria is considered [to be] one of the fastest growing tourism markets in Europe, with a predicted rise of ten per cent throughout 2007, making it an ideal place for property investment."

He added that, buoyed by recent rises in annual capital growth, which shot up from 13.9 per cent in September to 17.3 per cent for 2006 as a whole, "greater numbers of European and American second home buyers and investors are attracted to the low cost of living in the country".

This news item is brought to you by KMS Baltics in conjunction with Fest-Forest and EST KINNISVARA. Baltic forestry and property specialists

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