Bulgaria revealed as overseas property hotspot

07-Sep-2005

For aspiring homeowners who wish to buy an overseas property, buy-to-let properties located in Bulgarian ski resorts have recently increased in popularity.

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Properties in the ski resorts and surrounding areas have the advantage of all-year rentals and can provide up to 12 per cent yields, which is almost double the returns seen for coastal locations.

Bulgaria offers first time buyers some of the most affordable housing opportunities in Europe, according to Assetz, the UK property investment specialist, and could prove a solid long-term investment option.

"Prime skiing locations such as Bansko have strong long-term investments prospects, with the likelihood of securing guaranteed rental schemes with leading holiday companies who already operate in the area," explained Peter Holden, international investment manager for Assetz.

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Mr Holden confirmed that the area was seeing a property boom but urged aspiring first time buyers to consider all the options and conduct their own research, before committing to an overseas property.

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