Bulgarian slowdown 'has not happened'
Predictions of a slowdown in the Bulgarian property market have been proved to be wrong, according to experts.
Foreign Property Buyer said that at the beginning of last year, many industry analysts believed the rate of house price inflation would begin to level off.
However, the Global Property Guide recently revealed that the eastern European country saw the biggest increase in values during 2007, when compared with the previous year.
Commenting on this trend, Foreign Property Buyer stated that much of this growth had been driven by interest from investors in other countries, particularly the UK.
This was said to have had a positive impact on the Bulgarian economy.
The website remarked: "The extra input of cash has allowed the country to make infrastructure improvements, and this in turn has led to even more construction."
Foreign Property Buyer added that was likely to lead to more tourism, which would therefore result in more opportunities for rental investors being created.
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