Property in Bulgaria - From Laughable to Fastest-Growing Market in Europe

Business | March 31, 2007, Saturday // 00:00

"A decade ago, the idea of buying a holiday home in Bulgaria would have been laughable. Ten years on, and now a member of the European Union, it is one of the fastest-growing property markets in Europe," reads an article in the British magazine "This is Money".

Analysts at estate agent Knight Frank consistently put Bulgaria in the world's top five areas for growth - with price hikes of 20.5% recorded over the past year alone. Another British mortgage broker estimates that Bulgaria will account for 25% of overseas business by 2020.

"Bulgaria is consistently in the world's top five areas for growth, but there are concerns about the market overheating," the author Graham Norwood comments and offers "the definitive ten-point guide" to those, who want to join the gold rush.

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