More Britons purchasing Bulgarian currency

Investors in the Bulgarian market could be in line to benefit from growth in the country's tourism sector.

According to the Post Office, demand for Bulgarian currency has been going up steadily in the last three years.

Indeed, figures show that the number of sales in the UK has gone up by 126 per cent since 2005.

This suggests that the eastern European nation is seeing significant growth in the annual number of incoming visitors, a development which would have a knock-on effect on its rental market.

As a result, Bulgaria may be a potentially lucrative market for buy-to-let investors to consider.

Helen Warburton, head of travel at the Post Office, said the demand for Bulgarian notes shows that while people in the UK are not deserting traditional destinations, people are increasingly considering other options.

"Many UK tourists are shopping around in Europe," she commented.

This comes after Bulgaria was flagged up as a good market to consider by Aston Lloyd, which said property values are relatively affordable when compared with many other markets.
 

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