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BRITISH DISAPPOINTED WITH RETURNS FROM PROPERTY IN BULGARIA
09:00 Tue 19 Sep 2006
 

British media focused on Bulgaria again, this time to warn citizens to be careful when buying Bulgarian property, Capital nespaper reported.

Low prices and promices of fast investment return lured many British to buy property in Bulgaria, Capital said quoting a Sunday Times article.
 
British bought apartments with the intetion to offer them for rent, but the demand for such an apartment turned out lower than predicted, Capital said.
Owners willing to sell their appartments that bring no profit face the problems because of the huge supply of newly build property.

Bulgarian property failed to meet the high investment return expectations, Capital said. The total investment return from Bulgarian property decreased from 104 to 44 per cent for the past several months.

Only a month ago Assetz called Bulgaria "Eastern European treasure“ and one of the hottest real estate market spots, Capital said.

It seemed that British interest in Bulgarian property decreased or at least became more realistic, Capital said.

Bulgaria was still attractive to British buyers because the prices were far lower than in the other European countries, Capital said.

 
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