Bulgaria flagged up as lucrative investment market

Foreign property buyers could be able to collect healthy returns in Bulgaria, according to industry experts.

Investment company Aston Lloyd said emerging destinations across the world tend to be highly lucrative markets for second home buyers.

Bulgaria was flagged up as one such location, as property values are relatively affordable when compared with many other places.

However, prices in the eastern European country were said to have gone up by more than a third last year, which means it also offers good capital growth prospects.

Joe Upchurch, director of Aston Lloyd, commented: "Owning something in these areas may not impress your neighbours just yet, but in a few years they may well be jealous."

The organisation added that Bulgaria, which became a member of the EU in 2007, is set to receive nearly £9 billion in funding from Europe over the next five years.
 

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