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Bulgaria property receives €310m of investment

Article Date : Monday, June 04, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The Bulgarian property sector has received €310 million worth of investment from external sources in the first three months of 2007, it has been revealed.

Data published by the Bulgarian National Bank found that this figure represents an increase of 63 per cent on the first quarter of 2006, with UK citizens again proving to be the most interested parties.

The level of investment in the country's real estate sector is now so great that it accounted for 40 per cent of all foreign investment into the country during the first three months of the year.

Meanwhile the Sofia Echo has reported that Sofia is now the third fastest growing city in the world in terms of office rental rates, which grew at 61.3 per cent over the past year.

The Association of International Property Professionals has recently declared that Bulgaria as a whole is now the third most popular foreign property market in the world, behind Spain and France.
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