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LOW-COST AIR CARRIERS BRING UP BULGARIA’S PROPERTY PRICES
13:32 Wed 23 May 2007
 

One of the most successful ways to invest in property involves buying in potential hotspots and waiting until the real estate boom begins to bring up prices, The Independent reported.

According to the report, the decision of low-cost air carriers to offer flights to certain destinations outlines which regions are to soon experience tourism boom.

The arrival of low-cost airlines brings up the price of property located in direct proximity. People in search of vacation abroad are willing to spend less on travel but more on proper accommodation.

Low-cost airlines already entered the Bulgarian aviation market, enabling agents predict a property boom there, the report said.

The availability of low-cost flights features among the top reasons of travelers to select a certain location.

Budget flights, however, are insufficient reason for major economic developments. Bulgaria recently experienced decrease in its property price growth.

"In Bulgaria, the infrastructure is still poor, but tourism is growing in Morocco and lots of infrastructure is going in,” the report said.

 
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