Bulgaria investors 'must factor in renovation'

There are a number of factors property investors need to consider when purchasing an old house in Bulgaria, it has been claimed.

Bulgaria property magazine Quest has produced a list of top tips for those thinking of buying property in the country.

The publication explained that it is "all too easy" to succumb to the charms of old homes in the country - especially when prices can be very cheap - but noted that investors should take into account factors such as renovation costs when considering a purchase, stating that they "can cost more than you think and eat away your hard-earned cash".

It also remarked that it is "absolutely vital" all documents are translated accurately and urged buyers to not sign anything until they are fully aware of what it states.

In related news today, Paul Dimambro of currency specialist Hargreaves Lansdown has revealed Bulgaria is becoming subject to increasing attention from investors as they seek alternate locations due to the pound's weak exchange rate against the dollar and euro.