Bulgaria's EU membership 'increases confidence of property investors'
More people of different nationalities are willing to invest in Bulgarian property following the country's accession to the European Union, according to a new report.
Oxford Business Group, an economic and political intelligence firm, claims that British investors in particular are likely to retain their position as the primary foreign investors in Bulgaria's property market.
Indeed, Britons alone account for more than two-thirds of non-resident property transactions in the country - and it appears that many may be willing to consider buying in parts of the country other than the Black Sea resorts like Sunny Beach, Golden Sands and Albena, the company stated.
"Particular areas of interest for individual foreign investors this year will be ski resorts such as Bansko, Pamporovo and Borovets," the report's author claims.
Oxford Business Group also revealed that German and Italian investors account for 4% and 3% of non-resident property sales - something that could increase as Bulgaria becomes an established member of the EU.
Last month, foreign exchange firm Moneycorp revealed that Bulgaria is such an attractive choice for Britons because of a mixture of skiing, summer sun and cheap flights.
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