Bulgaria Booming
I just cannot understand this lemming like leap to invest in Bulgaria. All I can say is do your homework thoroughly before parting with your money. Ask yourself are the promised gains realistic? If in doubt. STAY OUT
The Spring Assetz Property Investment Tracker shows Bulgaria has moved into prime position at the top of the table, with Cyprus in close second and France third.
Conversely, investors in both South Africa and Florida should beware of rising interest rates and plummeting returns.
Detailed research from Assetz, the UK’s leading property investment specialist brings together all the key investment criteria for UK buy-to-let and overseas property hotspots, to form the only comprehensive and authoritative investment tracker.
Assetz main announcements:
Bulgaria – With yields shooting to 12% and capital gains staying high at 36%, the total return on cash has been a very healthy 116% for the last year
Turkey – Despite mortgages not currently being allowed, prices are still rising well. But investors should prepare for a rule change in 2006 permitting borrowing that will ignite the market further
South Africa/USA – With interest rates rising in both these countries, Assetz warns that some investors must be prepared to make a loss, particularly with new build in the USA
Bulgaria leads the pack
The Tracker reveals that in the first quarter of 2006 Bulgaria has stormed past Cyprus to the top of the table, offering a staggering 116% return on cash invested. Deposit levels of 30% are easily accessible to most investors due to the relatively cheap property, with a typical two-bedroom apartment costing in the region of £80,000. Bulgaria is now establishing a stable resale market and proving it has staying power as an investment destination. Although the level of house price growth is expected to tail off slightly during the remainder of 2006, Assetz predicts that overall market growth will remain high, alongside excellent yields of 12% in quality areas such as the ski resorts of Bansko and Bovorets.
Cyprus is not far behind and offers a lower-risk opportunity for investors. Low deposit levels of just 15% are possible now and Swiss Franc mortgages are available with rates of just 3.25%, making borrowing more affordable. Capital growth is likely
I just cannot understand this lemming like leap to invest in Bulgaria. All I can say is do your homework thoroughly before parting with your money. Ask yourself are the promised gains realistic? If in doubt. STAY OUT
The Spring Assetz Property Investment Tracker shows Bulgaria has moved into prime position at the top of the table, with Cyprus in close second and France third.
Conversely, investors in both South Africa and Florida should beware of rising interest rates and plummeting returns.
Detailed research from Assetz, the UK’s leading property investment specialist brings together all the key investment criteria for UK buy-to-let and overseas property hotspots, to form the only comprehensive and authoritative investment tracker.
Assetz main announcements:
Bulgaria – With yields shooting to 12% and capital gains staying high at 36%, the total return on cash has been a very healthy 116% for the last year
Turkey – Despite mortgages not currently being allowed, prices are still rising well. But investors should prepare for a rule change in 2006 permitting borrowing that will ignite the market further
South Africa/USA – With interest rates rising in both these countries, Assetz warns that some investors must be prepared to make a loss, particularly with new build in the USA
Bulgaria leads the pack
The Tracker reveals that in the first quarter of 2006 Bulgaria has stormed past Cyprus to the top of the table, offering a staggering 116% return on cash invested. Deposit levels of 30% are easily accessible to most investors due to the relatively cheap property, with a typical two-bedroom apartment costing in the region of £80,000. Bulgaria is now establishing a stable resale market and proving it has staying power as an investment destination. Although the level of house price growth is expected to tail off slightly during the remainder of 2006, Assetz predicts that overall market growth will remain high, alongside excellent yields of 12% in quality areas such as the ski resorts of Bansko and Bovorets.
Cyprus is not far behind and offers a lower-risk opportunity for investors. Low deposit levels of just 15% are possible now and Swiss Franc mortgages are available with rates of just 3.25%, making borrowing more affordable. Capital growth is likely
posted by tony at 6:45 PM
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