Property Prices to Soar in Bulgaria, Spain Top Destination
The real estate market at present
Property prices will soar in Bulgaria when EU accession is achieved, but Spain remains the clear favourite in terms of rental demand, UK experts believe.
"Spanish property may no longer be the only overseas option for astute investors in the UK and with the markets in Bulgaria and Cyprus showing great promise, it is understandable that many are now snapping up properties in these countries," the website of London real estate consultancy Assetz commented.
They underline that most investors expect capital gains on a property over a relatively long period and Spain has performed consistently well in this respect during the last decade.
Investors are equally drawn to Spain because of the sheer volume of tourists travelling to the country each year, with rental returns similarly impressive. http://www.novinite.com/ (12.05.2006)