Bulgaria was named one of the hottest property destinations of 2007 for investors purchasing property abroad, currency company FC Exchange said as quoted by icwales.co.uk.

The other property top hot spots will be Cyprus, Central Portugal, America and France.

FC Exchange director Nick Fullerton said that these countries would probably offer the best investment returns in 2007.

The company based its predictions on its “industry expertise and experience of spotting and interpreting patterns and trends,” Fullerton said.

It also took into consideration the specific features of each country's economy, such as currency strength and property market intensity.

Bulgaria's property managed to attract 'shrewd investors' because the prices were still low as compared to those in the other European countries.