EU membership increases confidence in Bulgaria's property market - by Andrew MacDowall
European Union membership has increased the confidence of foreign investors in Bulgaria’s real estate sector across the board and a wider range of nationalities are expected to invest in the country in coming years. Currently, 29 per cent of real estate sales in the country are made to foreigners, mainly British (67 per cent) and Irish (12 per cent). Other EU members have been less enthusiastic about entering the market, with Germans accounting for four per cent of sales and Italians three per cent. In 2007, it is expected that the British will account for most foreign purchases.
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