Overseas investment 'welcomed by Bulgarians'

Article Date : 06 November 2007

Bulgarian nationals have responded positively to the growing trend of foreigners investing in the property market, according to a diplomat.

Steve Williams, British ambassador to the country, stated that its popularity among overseas buyers was widely perceived to have been good for the economy.

Speaking to the Sofia Echo, he added that the supply of property on the market meant that the knock-on effects on house prices had not proved to be a problem for local people.

Mr Williams went on to praise the extent of the transformation in Bulgaria during the last few years, such as its recent entry into the European Union and its growing popularity with holidaymakers.

He commented: "There are ever-increasing numbers of British nationals getting acquainted with Bulgaria and what it has to offer."

This comes after VisitBulgaria.net cited official figures showing that the number of business and leisure travellers arriving from the UK has increased by seven per cent in the last year.

Overseas investment 'welcomed by Bulgarians'

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