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04/04/08 | Bulgaria recommended to investors: Property investors from the UK have been advised to consider purchasing a residence in Bulgaria.According to Balkan Holdings, the eastern European country...Read more
26/03/08 | First-time buyers consider foreign investment: Investing in foreign property is becoming an increasingly popular option for cash-strapped first-time buyers (FTBs) in Britain.According to a study by...Read more
17/03/08 | Investors urged to consider eastern Europe: Eastern Europe still presents a variety of possible investment opportunities, according to an expert.Neil Lewis, founder of advice group Property Secrets,...Read more
10/03/08 | Bulgaria has reduced cost of living: Bulgaria has been identified as one of the cheapest countries in the whole of Europe.A study by Teletext Holidays revealed that the average price of a...Read more

BULGARIA RECOMMENDED TO INVESTORS

Friday, 04 Apr 2008

Property investors from the UK have been advised to consider purchasing a residence in Bulgaria.

According to Balkan Holdings, the eastern European country is still a "valued destination" and a strong investment market.

However, he stated that foreign property buyers need to know what they are doing and where to look in order to get the highest returns.

Chris Northam, managing director of Balkan Holdings, recommended that prospective investors look towards the Bulgarian countryside, as houses in rural areas tend to be cheaper.

He commented: "You're looking at [spending] anything up to €50,000 euros."

Mr Northam added that with the continued effects of the credit crunch on the European economy, this could be a safer bet than buying an off-plan apartment.

This comes after the Global Property Guide revealed that house price inflation in Bulgaria outpaced anywhere else in the world last year.

Property Select offers a comprehensive selection of overseas property in Bulgaria, news, members club and reviews of the latest property developments.

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