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Bulgaria's Property Experts Play Down EU Price-Hikes Scare |
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| post date: Tuesday 30th of January 2007 |
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Bulgaria will continue to be a hot destination for property buyers during the first year of the country's EU accession, experts say and project stability on the market.
While the 25-30% yearly capital gains are over, an average nationwide growth rate of 12-15% is expected over the next twelve months, says BulgarianProperties.com, partner of foreign property buyers here.
Their analysis plays down the widely publicised EU price-hike, at least for a year or so.
Instead, they say the massive injection of managed funds, private investments in the commercial sector and the sustained growth of tourism push the residential and buy-to-let sectors forward.
Commercial and infrastructure development, as well as the increase in visitor numbers ensure a consistently rising demand for high quality rental accommodation for both business visitors and tourists, the experts claim.
The forecast is that today's investors will find Bulgaria continuing to out-perform other countries such as France or Spain in the medium and longer term. |
| source: www.novinite.com |
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