Bulgarian market 'has matured'
The property market in Bulgaria has passed its period of high growth and come of age, according to industry experts.
Independent analysts at Amberlamb stated that during the years prior to its EU accession in 2007, house prices went up at a considerable rate.
However, it said this phase has now passed and that Bulgaria can no longer be considered as a standard emerging market where "massive property fortunes" could be achieved.
The organisation stated that the country has now become a more mature market that is supported a number of fundamental qualities.
For example, it highlighted its popularity with holidaymakers as a factor that was continuing to drive its rental market.
Amberlamb commented: "Sofia is an interesting choice for property investors because it is a European capital city with charm, attraction and appeal for tourists."
This comes after Foreign Property Buyer stated that interest from investors in other countries has had a positive impact on the Bulgarian economy.
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