Bulgaria Leader in Real Estate Yields
2007-09-19 10:00:00
Bulgaria was declared top overseas property hotspot in a ranking of a London consultancy that compared the total return on cash in real estate markets. With yields rising to 12 per cent and capital gains remaining impressive at 36 per cent, Assetz assessed the total return on cash invested in Bulgaria at 116 per cent last year. This statistic has pushed Bulgaria above Cyprus in the chart for total returns on cash invested, backing up the popular claim that Bulgaria is now comparable to Spain in the 1980s. While experts have been predicting for a number of years that Bulgaria will emerge as a leading choice for investors, the new research firmly positions the country at the top of the chart, says Stuart Law, managing director of Assetz. The Assetz research suggests that the steep incline in house price increases will level off to some extent before the year's end, but market growth is expected to remain high. "The ski resorts of Bansko and Borovets continue to draw a huge amount of interest from property seekers, with significant construction projects now underway to accommodate the demand."

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