From no-go to opportunity - The only way to buy investment property in Bulgaria

From no-go to opportunity - The only way to buy investment property in Bulgaria
27th February 2007

By Robin Bowman

Parts of the Bulgarian market are extremely easy to get a handle on.

Take the coast, for example. A total no-go!

It's characterised - and I'm talking tourist spots here - by over-supply, over-pricing and hype - much of it fuelled by agents on big, fat commissions.

Solid data is hard to come by, but some estimates say that 80 per cent of the new builds on the Bulgarian coast have been bought by overseas investors. I wouldn't be at all surprised if that figure was right.

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