Bulgaria property a "good long-term bet"

Property in Bulgaria will continue to offer good returns for investors making purchases in the country in 2009 it has been predicted.

According to Quest Bulgaria Property Magazine, returns will fall slightly from the average annual price increase of 30 per cent the country has been experiencing for the past five years, but will still remain a "good long-term bet" for those looking to invest.

The publication also noted that property in the country "remains incredibly cheap" and that the credit crunch has had "little effect" on what is a "stable" property market.

These two factors may further attract investors who are looking to make purchases overseas but currently have limited mortgage options available to them.

Areas such as Yablanitsa, Stara Zagora and Rousse were recently identified by Quest as being ideal for those looking for cheap property, with the magazine stating that buyers are currently a "highly sought-after species" among the country's estate agents.