The welcoming attitude of Bulgarians and the lack of major language differences made investment in property in Bulgaria’s coastal region an excellent investment, Russian magazine Dengi reported.

Prices for luxurious property were not that high, which made real estate investment in Bulgaria an excellent opportunity that could bring up to 100 per cent annual revenue, the publication said.

Bulgaria was experiencing a significant construction boom, making the country an area of interest for investors and holiday property seekers alike.

Property price increase in Bulgaria reached 150 per cent, Dengi reported. The expected EU entry of Bulgaria on January 1 2007 played an important role in maintaining the high growth rate.

Dengi reported that the service in Bulgarian resorts was better than the one in Russian. The country was able to maintain high investor interest in the coming 10 years, Russian property agents said.