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Bulgaria experiencing phenomenal growth

AIPP describe the interest in the eastern European country as "phenomenal", claiming it is fast becoming one of the most sought-after locations for Property Investment in the world.

Indeed, a recent survey into the international property market carried out by AIPP highlighted Bulgaria as the third most popular destination for UK investors after Spain.

Bulgaria was the first market to demonstrate such "unbelievable" growth in such a short space of time, AIPP explained.

Paul Owen, AIPP's chief executive said: "It's gone from emerging to almost-established in three years, which is just unbelievable.

He also added that the extent of Bulgaria's success would be revealed in the resale of homes in a few years' time.

According to the Bulgarian Ministry for the Economy, tourists from the UK grew by a staggering 62 per cent in 2004, while the World Trade Organisation predicts that visitors to the country will exceed 20 million by the year 2010.

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