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EU Entry Fuels Brits' Interest in Bulgaria's Property Market

Date: 20.10.2006

Investments in Bulgaria and Romania rise in popularity in the United Kingdom following the European Commission's announcement that both countries will be admitted to the EU in January 2007, a survey shows.

The percentage of people looking to buy in Bulgaria has increased by 40% in September, said the currency specialist HIFX in its sixth Global Property Hot Spots survey into trends for Brits buying property abroad.

"As people return from their summer holidays their thoughts inevitably turn to buying abroad. Spain and France remain the firm favourites with British holiday homeowners and property investors alike. Last month, 46% of all the overseas property enquiries we received related to Spain and France," says Mark Bodega, Marketing Director for currency specialists HIFX, as cited by easier.com

"We've also begun to see a significant rise in the number of clients buying property in both Bulgaria and Romania as British investors look to cash in on the European Commission's September decision."

Bulgaria is one of Europe's fastest growing economies, and has a vast array of reasonably priced properties in mountain, seaside and city locations, easier.com comments.

Romania on the other hand is eager to cast off its label of being one of the poorest nations in Europe and is crying out to get in on the property investment action.

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