Bulgaria and Romania are set to become extremely popular among UK property investors this year, with the new year seeing the two countries join the European Union.
The former Communist states joined the exclusive union on January 1st and experts predict that 2007 will see a significant rise in the number of people looking for property in the countries.
John Triton of MRI Overseas Property said: “Bulgaria and Romania’s official inclusion in the European Union is a key opportunity for property investment in these emerging markets.
“Based on the past history of other Eastern bloc countries joining the EU, where property prices have risen significantly these markets look set to become strong areas for capital growth.”
But, as well as Romania and Bulgaria’s new EU status, other factors are set to up the amount of property investment in the country.
Mr Triton said that an increasing number of tour operators are turning their focus on Bulgaria and Romania, which will “feed the rental market”.
“The new EU status will benefit the existing and future investors and we expect growth to continue to increase for several years to come,” he said.
Source: Realestate.tv