Released on: July 10, 2008, 5:05 am

Press Release Author: Shana woodit

Industry: Real Estate

Press Release Summary: BULGARIA STILL BEST FOR OVERSEAS PROPERTY INVESTMENT

Bulgaria has been named the best destination for overseas property investment, even
though its tourist hotspots are showing signs of overheating, according to a new
research.UK ranks as the best for investment returns with Bulgaria second, says the
quarterly investment tracker, released by British investment firm Assetz. Making up
the rest of the top five are Canada, Cape Verde and Property in Cyprus respectively.


Press Release Body: BULGARIA STILL BEST FOR OVERSEAS PROPERTY INVESTMENT

Bulgaria has been named the best destination for overseas property investment, even
though its tourist hotspots are showing signs of overheating, according to a new
research.UK ranks as the best for investment returns with Bulgaria second, says the
quarterly investment tracker, released by British investment firm Assetz. Making up
the rest of the top five are Canada, Cape Verde and Property in Cyprus respectively.

Bulgaria maintains a strong position in the tracker with a total of 71% return on
cash invested, but Assetz advised caution to investors, especially in the tourist
hotspots such as Sunny Beach and Bansko where there is a severe oversupply of
apartments. However, average prices have increased from 17.3% to 22.5% annually in
June 2007, possibly due to a number of aprestige\' developments coming onto the
market.

WORLD BANK LENDS BULGARIA 90 MILLION EURO\'S FOR TRANSPORT INFRASTRUCTURE UPGRADES

World Bank\'s board of directors approved EUR 90 M in funding for a project to
upgrade transport infrastructure in Bulgaria, the institution said on Wednesday. The
funds will be used to rehabilitate first, second and third class roads with total a
length of 450 kilo meters

BULGARIAN PROPERTY MARKET IS "IDEAL"

Bulgaria is enjoying a strong property market since joining the European Union,
claims real estate portal Right move overseas. Interest in the country has grown,
with the website reporting that site searches for Bulgarian property has doubled
since the start of the year as more people become aware of the investment
opportunities in the country. Figures suggest that in the most popular area of
Bulgaria, property prices rose by 20 per cent in 2006 and that ongoing improvements
and developments are likely to encourage more growth over the next 12 months.

\"Bulgaria is currently poised at the ideal stage of the emerging market property
cycle; where the riskiest, most profitable period may have passed, but the greatest
period of growth has yet to come,\" explained Right move Overseas\' head Justin
Figgins. He added: \"The previous build up to EU accession, gaining EU membership and
its surging popularity are all ongoing contributing factors in sustaining the
exciting development of this former Soviet Bloc state.\"

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Shana Woodit
Phone: +44 (0)870 850 8514
E-Mail: kevin.sousa07@gmail.com
Web Site: http://www.nomorehotels.co.uk/