Defining the position of Bulgaria as "phenomenal" the AIPP table that ranks the reputation of foreign property markets had the Eastern European country at third with 7.7 per cent of the market.

This place is just behind continual favourites like Spain and France, which remained as the two top markets.

And Quest Bulgaria's latest issue shows that four in five of overseas property investors are from the UK, as reported by Real Estate TV, which informed that the market is particularly popular with Britons but not elsewhere in Europe.

The surge in demand has led to warnings that investors expecting profits from buying and selling property should cool their expectations, as the Bulgarian real estate market faces oversupply, dampening future price rises.



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