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Bulgaria Still Best for Overseas Property Investment

by Sofia News Agency www.novinite.com


Bulgaria has been named the best destination for overseas property investment, even though its tourist hotspots are showing signs of overheating, according to a new research. UK ranks as the best for investment returns with Bulgaria second, says the quarterly investment tracker, released by British investment firm Assetz. Making up the rest of the top five are Canada, Cape Verde and Cyprus respectively. Bulgaria maintains a strong position in the tracker with a total of 71% return on cash invested, but Assetz advised caution to investors, especially in the tourist hotspots such as Sunny Beach and Bansko where there is a severe oversupply of apartments. Local agents are reporting a lack of demand resulting in weak rental yields being achieved and the resale market is still unproven, the company said. However, average prices have increased from 17.3% to 22.5% annually in June 2007, possibly due to a number of ‘prestige' developments coming onto the market. Assets commented that the rate of growth in many countries, such as Poland and Bulgaria, could not continue at a rate of 20 - 30%, and a reduction to a more stable and realistic rate of growth was necessary.

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Another amazing opportunity for you and your family – Bulgarian Dreams - RUS1534
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Area: 100 sq.m.
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Agricultural land at a great price - LND01
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Build your wonder - Bulgarian Property - Development Land near Ruse - RUS1958
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So high, you can almost touch the sky – UN1210
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Big home for a big family - Bulgarian Property - RUS1406
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Small house. Big potential – Bulgarian Property - RUS 1274
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Buy a house near the seacoast - VUS1201
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You rural hit in Bulgarian - RUS1408
Brief: Houses for sale near Ruse
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Live near a Natural Reserve – RUS 1281
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The FOURTH from our six sea pearls – RUS 1269D
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Price: 181200 EUR
The perfect one - RUS1260
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Ruse top center property - Invest in Bulgaria - RUS1214
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