Though Spain has quality beaches, Spanish real estate investors show interest in Bulgaria’s Black Sea resorts, Assetz Property News Service reported. This development shows the popularity of the Bulgarian property market and its potential for growth, the Assetz report reads. Kavarna resort will receive fairly large amount of investment in the coming years. The resort is situated north of Varna and brags a ‘stunning beach’ Assetz reports. A Spanish company will launch construction works in the area by the end of the year. Nearly 80 per cent of the planned apartments have already been sold to Spaniards, willing to invest in the increasingly popular property market. Greek news service reporter.gr wrote the number of concluded property deals in Bulgaria increased by 22 per cent in 2005. Sofia and Varna enjoyed the highest number of deals concluded. Property prices in West European countries are on the rise, making many investors look for alternatives. Apart from financially sound deals, Bulgaria offers beautiful nature and excellent beaches, Assetz reports. The country’s resorts provide chances for both summer and winter recreation activities, making Bulgaria attractive for investors interested in relatively undiscovered locations that have a lot to offer. http://www.sofiaecho.com(13.03.2006)