Suzanne
29-03-06, 06:29 AM
The return on investment in Bulgaria is 100%, say British consultants
Bulgaria is at the top of the list of the hotspots of property investments, announced the British consultant firm Assetz. While experts have been predicting for a number of years that Bulgaria will emerge as a leading choice for investors, Stuart Law, managing director of Assetz, has indicated that the new research firmly positions the country at the top of the chart. With yields rising to 12 percent and capital gains remaining impressive at 36 percent, it is thought the total return on cash invested was 116 per cent last year. This phenomenal statistics has pushed Bulgaria above Cyprus in the chart for total returns on cash invested, backing up the popular claim that Bulgaria is now comparable to Spain in the 1980s. According to Assetz, the realty market in Bulgaria has huge potential.
However, Assetz warns that investors should remember that high return is often associated with higher risk. Analysts suggest that the steep incline in house price increases in Bulgaria will level off to some extent, but the market growth will remain high. The Bulgarian ski resorts of Bansko and Borovets continue to draw the interest of property seekers, with significant construction projects now underway to accommodate the demand.
http://www.standartnews.com/archive/2006/03/29/english/business/index.htm
Bulgaria is at the top of the list of the hotspots of property investments, announced the British consultant firm Assetz. While experts have been predicting for a number of years that Bulgaria will emerge as a leading choice for investors, Stuart Law, managing director of Assetz, has indicated that the new research firmly positions the country at the top of the chart. With yields rising to 12 percent and capital gains remaining impressive at 36 percent, it is thought the total return on cash invested was 116 per cent last year. This phenomenal statistics has pushed Bulgaria above Cyprus in the chart for total returns on cash invested, backing up the popular claim that Bulgaria is now comparable to Spain in the 1980s. According to Assetz, the realty market in Bulgaria has huge potential.
However, Assetz warns that investors should remember that high return is often associated with higher risk. Analysts suggest that the steep incline in house price increases in Bulgaria will level off to some extent, but the market growth will remain high. The Bulgarian ski resorts of Bansko and Borovets continue to draw the interest of property seekers, with significant construction projects now underway to accommodate the demand.
http://www.standartnews.com/archive/2006/03/29/english/business/index.htm