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Bulgaria still 'one of the strongest'?

Brit interest Bulgaria appears to waning, but is this having any impact on the country's property market?

Apparently not, according to a recent article in Homes Overseas magazine, which stated that even though interest in the country among Britons is falling, it remains ‘one of the strongest-performing markets in Europe'.

The article further stated: "Average property prices continue to record double-digit growth, especially in the capital of Sofia. Bulgaria has also attracted the attention of purchasers in other parts of the world, such as Scandinavia and Russia investors.

"As a result, high demand for property is continuing to fuel house price growth across the country, and if prices continue to go up, people who have invested in the market could find themselves able to sell their residence on at a profit further down the line.

Bulgaria, which joined the European Union in early 2007, was recently found to have seen the largest rate of house price inflation in the world.

The Global Property Guide revealed that last year, property values increased at a higher rate than in any other country.