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Bulgaria Best Place for Overseas Investment

Date: 27.06.2006

Bulgaria is the best place to buy an overseas property to invest in, according to property investment specialists Assetz.

The second quarter of 2006 actually saw Bulgaria improving its position considerably, from a 116 % return on cash invested in March to 137 % in June, says the research from Assetz.

Mortgage rates have fallen from seven per cent to 5.95 % in the period, meaning that borrowing is also significantly cheaper for those looking to invest in property.

"With the deposits required falling from 30 % to 25 % since March, investors are now enjoying extremely favourable conditions in Bulgaria."

According to the British property specialists the most important progression is that Bulgaria managed to develop a solid resale market.

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