Article published on: 2007-05-23

Low-cost airlines are one of the best indicators to where property hotspots will be in the next few years, as the boom in Bulgaria and the Baltic states has shown, overseas real estate experts say, as cited by the Independent.

"I've always said the low-cost airlines are the leading indicator to where hotspots will be in the next few years. We have seen it in Bulgaria and the Baltic states," says Justin Figgins of the Rightmove Overseas property website.

However, the arrival of cheap flights is not in itself enough to transform a developing economy into a major tourist destination, the article points out, citing once again Bulgaria's experience.

"Low-cost flights are one of the main indicators, but you must also look at tourism growth and infrastructure investment," Figgins says. "In Bulgaria, the infrastructure is still poor, but tourism is growing in Morocco and lots of infrastructure is going in. To me, that makes it more likely to be profitable as an investment location."

The expert believes that a substantial increase recenlty in the number of low-cost routes from the UK to Morocco will create the next hotspot.

Source: www.novinite.com and www.sofianewsagency.com