Emerging markets 'are becoming serious alternatives to traditional overseas retirement hotspots'
Emerging property markets such as Bulgaria are slowly becoming serious alternatives to the likes of France and Spain for retirement properties, according to new claims from a property investment advice company.
BuyAssociation said that many people are drawn to Spain and France because of the high standard of healthcare and pleasurable lifestyle - but the improving infrastructure of places like Bulgaria will make them credible alternatives in the coming years.
Cyprus and Italy were cited by the company as being other alternatives to France and Spain that offer a similar standard of lifestyle.
Paul Collins, BuyAssociation's overseas property editor, remarked: "We're starting to see places like Bulgaria - again, as that market starts to emerge and things like healthcare and transport links improve, then people start to see that as a viable option."
"It may be another five or ten years before we see it as a really serious retirement destination - but it's something that's out there and people are thinking about it," he added.
A recent report from the Sofia Echo suggested that the mortgage market will expand considerably, thanks partly to foreign investment from the UK, according to the MKB Unionbank.
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