Bulgarian property set to double in 5 years

17 October 2006
According to the sales director of Bulgarian Dreams, David Smith, property investors should be looking to the eastern European country for a solid return on property investments.

With Bulgaria soon to join the EU (on January 1st, 2007), spending and developments in the country are widely expected to take off and investors in the property market could be among those who benefit most.

The cities in Bulgaria have been popular for a while now with the expectation that the country would soon be admitted to the European alliance and this had already succeeded in driving up prices.

"It's very difficult to get development plots in the middle of Sofia," Mr Smith said. "The serious investor who doesn't want to go on holiday and just wants to put their money somewhere tends to go for the city."

Mr Smith also urged investors to look outside of the cities if they were keen on making a good profit.

"Look for upcoming areas," he said. "If people are prepared to invest for five to ten years I think they'll do extremely well."

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