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Bulgarian property market is "ideal"
Updated: 2007-06-25

Bulgarian property market is "ideal"
Views and Records

Bulgaria is enjoying a strong property market since joining the European Union, claims real estate portal RightmoveOverseas.

Interest in the country has grown, with the website reporting that site searches for Bulgarian property has doubled since the start of the year as more people become aware of the investment opportunities in the country.

Figures suggest that in the most popular area of Bulgaria, property prices rose by 20 per cent in 2006 and that ongoing improvements and developments are likely to encourage more growth over the next 12 months.

"Bulgaria is currently poised at the ideal stage of the emerging market property cycle; where the riskiest, most profitable period may have passed, but the greatest period of growth has yet to come," explained RightmoveOverseas' head Justin Figgins.

He added: "The previous build up to EU accession, gaining EU membership and its surging popularity are all ongoing contributing factors in sustaining the exciting development of this former Soviet Bloc state."

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