Bulgaria is still a magnet for UK property buyers, an Association of International Property Professionals (AIPP) report said.

The country ranked third in the AIPP chart of the most popular foreign property markets, UK knightfrank.com said.
 
Bulgaria’s position was phenomenal, AIPP said. It held 7.7 per cent of the foreign property market.

Only traditional favourites like Spain and France ranked ahead of Bulgaria.

Agents said that investors hoping for profit from property re-sale should cool their expectations because of the oversupply, which dampens future price hikes.

AIPP said that the Spain is expected to become even more popular among UK property investors, as real estate in the country became more affordable.

US is also a future hotspot, because the weak dollar makes property inexpensive investment.