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Eastern Europe 'growing in popularity'

Article Date : Monday, September 03, 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

Overseas property investors are increasingly showing interest in the eastern European market, according to experts.

Foreign Currencies Direct cited Bulgaria as a particular favourite among investors, as they were seen to be delivering better value for money than some of the more established alternatives.

Despite this perception, company spokesperson Stephen Hughes told This is Money that many established holiday destinations were still attracting considerable interest.

He commented: "People are keen on places like Bulgaria but also more traditional holiday favourites such as Cyprus."

However, Mr Hughes recommended that before buying a property in any of these destinations, they should ask themselves how often they are likely to use them.

The accessibility of the region was highlighted as a major issue for potential investors to consider, as well as the quality of the construction work by developers.

This comes after currency specialist HiFX said there had been a surge of interest in buying overseas properties this summer among Britons.
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