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Property in Bulgaria - still a very good investment |
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Bulgaria's reputation as one of the best places to invest in property in Europe is still assured as a new survey confirms that it has seen the highest annual property price increases worldwide this year. The European Union's newest member topped the latest Knight Frank Global Price Index, just ahead of Singapore. Annual property price growth in Bulgaria for 2007 stood at 30.6 per cent, according to the survey - three percent above the south-east Asian economic powerhouse. Last year, the highest ranking country was Latvia, which saw property price growth of 56.9 per cent. However, this dropped in 2007 to 10.9 per cent, on account of concerns about overpricing in the Latvian capital, Riga. Bulgaria is becoming ever more popular with British investors. With city centre investment and high quality ski destinations, as well as a fascinating blend of eastern and western architectural and cultural heritage, it clearly has something to offer many people.
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