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ROMANIA AND BULGARIA POPULAR AMONG PROPERTY SEEKERS ABROAD
11:59 Thu 04 Jan 2007
 

The Eu entry of Bulgaria and Romania increased their attractiveness among overseas property seekers, Easier Property website reported.

Research of MRI Overseas Property showed that 13 per cent of the British were considering the purchase of property in another country. The tourism growth in Bulgaria and Romania made the two countries popular among property buyers, data showed.

Bulgaria has been registering growth in the number of tourist visits over the past years. Similar developments were noticeable in Romania.

Tourism boom was going to have positive effect on the rental market in the two countries. Owners of second homes there could generate profits, agents said.

Property companies at the same time advised investors to research carefully opportunities before making up their mind. 

“Prospective buyers should ensure they do their full research into the local area’s economy, facilities and infrastructure and research the property’s potential rental income before investing in properties in these new European markets,” the report said.

 
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