Bulgaria ranks second in Europe on the returns rate of property investment over the past 12 months, research of British consultancy company Assetz shows.

According to the company’s index, drafted each annual quarter, Bulgaria’s property investment returns reached 71 per cent over the past 12 months.

Poland ranked first with 100 per cent returns, investor.bg reported.

Assetz warned potential investors that the rate in Bulgaria was expected to decrease significantly.

Regions featuring over supply like Sunny Beach coastal resort and Bansko winter resort already experience problems with their rental markets.

Bulgaria is the only European country listed in the ranking, for which Assetz expects such decrease in returns.

Poland will also experience decrease, though it will be smaller compared to predictions for Bulgaria.