Bulgaria emerges as an investment favourite

Article Date : 03 April 2007

Bulgaria has emerged as the latest European hotspot for British investors hoping to buy an overseas property, a new report has revealed.

According to Moneycorp's new Foreign Focus Index (FFI), 12 per cent of Brits buying abroad are seriously considering Bulgaria and are spending around 90,000 EUR (£61,000) on a typical property.

The popularity of this eastern European country has been attributed to a number of factors including cheap flights, winter skiing and summer sun.

Moneycorp's study also revealed that more than a quarter of enquiries for new property purchases in the last three months of last year were for a second home in Spain.

The FFI offers a step-by-step guide to investing, advice from leading overseas property experts and the implications of foreign exchange rates on a property purchase.

Meanwhile, a new global house price index from property service firm Knight Frank has revealed that Bulgaria saw 13 per cent growth in the last quarter of 2006.

Bulgaria emerges as an investment favourite

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