Is Bulgaria the new Spain?

  • That depends what you mean, if you mean a market that has hugely over developed coastal resorts, with cities that are the only sensible investment option then, yes it is the new Spain. However I believe it is unlikely that Bulgaria will show the sort of market growth over the next ten years that Spain has over the past 10 years years. The country is beautiful and had potential however I belive that too many develpers rushed in too quickly trying to get all they can from the country, without considering what will be best for the country itself. Nearly all the locals have been priced out of the market, this takes away the local resale market something that never happen in Spain.

    I belive that all these people purchasing a property in Bulgaria will be happy as long as they are not looking for a quick profitable sale and instead intend to be there for the love of the country.

    Spain will probably always be fairly popular however it is true that places such as Bulgaria, Croatia and potentially Romania will reduce its dominace. However it is unlikely Spain will ever be de-throned as the number one overseas property destination.

    P.S. I am currently doing a dissertation on this subject, called "Is Bulgaria the new Spain?" and would love to hear your views on the subject particularly, if it was your money and you only had two choices of investment, Bulgaria and Spain which would you choose?

    Andrew 19 Apr 2007, 10:15 - Report
These Forums are no longer active. To post a new discussion, please visit our new Bulgaria Forums.

Is Bulgaria the new Spain?

These Forums are no longer active. To post a new discussion, please visit our new Bulgaria Forums.