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Bulgaria Property Market Outstrips the Forecasts

Woking, United Kingdom, April 12, 2007 --( With nearly 70% of foreign buyers investing in Bulgaria coming from the UK, Principal International says that the property market in Bulgaria is showing no signs of slowing down nor are investors losing interest.

Principal International, one of the UK’s leading overseas property investment companies, says that investors interest in both the ski resort of Bansko and the popular resorts of Sunny Beach and St Vlas, where property prices are still as low as 52,000 Euros, is still rising, and despite the forecasts of the bubble bursting and oversupply being a major issue, Paul Cooper, Director of Principal International, says this is clearly not the case, as the numbers of enquiries they receive on a weekly basis is constantly going up.

Principal International says that a major motivation for buying in Bulgaria is still price, and the serious investors still believe that the holiday market has not yet reached its peak. With more and more investment in the tourism sector, Bulgaria is attracting not just the Europeans but the Americans are also becoming wise to the low cost of living and high quality standards offered by the improved infrastructure.

With visitors from all over the globe and the numbers rising year on year, Bulgaria still offers an attractive rental opportunity with a low cost up front investment. It is still one of the fastest growing property markets in Europe and Principal International say that if you are realistic about your investment and consider it for the medium to long term it can still offer attractive returns.

Principal International warns buyers to avoid the unsophisticated and unregulated estate agency chains in Bulgaria and are able to offer investors knowledgeable advice and guidance based on a wealth of overseas property experience, see their website for details;

Sound monetary reforms, responsible fiscal planning and a fixed exchange rate against the Euro have all helped to fuel the property market in Bulgaria and Principal International say that the country can still offer a good return on your investment if you are prepared to look at a more long term opportunity. The tourism sector is growing by 22% a year and is predicted to be the most popular emerging holiday destination for 2007, according to a leading holiday company, and it is reported to be amongst the top 5 in Europe for housing price growth. All in all it seems Bulgaria ’s popularity is set to continue.

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Principal International
Shaun Woodward

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