British real estate consultants consider Bulgaria the strongest property market in the world
Bulgaria was the world’s strongest property market in 2007 with aturnover of 11.36 billion euro, an increase of 2.36 billion euro over 2006.
The previous lack of modern buildings, the growing investment in tourism and the need for modern infrastructure caused an unprecedent boom in the construction sector, which is expected to grow between 12% and 16% year on year until 2010.
British accounted for 40% of all Bulgaria property investment in 2007, followed closely by Russians with 38% and an increasing number of buyers from other European countries such as Spain.
Despite this rapid growth, Bulgarian properties remain very competitive and profitable in comparison with other European markets, which makes it very attractive for medium and long term investments.
Leave a Reply