Bulgarian property market still has potential

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Les Calvert, director of the online firm, said that Britons who bought into the market since the inception of Bulgaria's boom in 2004 are the "wise investors".

He said that Bulgaria is very welcoming of investors, partly because the west is bringing money into a country where wages have been historically low.

Although the country is becoming more westernised, he recommended that potential property buyers take a flight out to the country before making a commitment to get used to the different culture.

Meanwhile, figures from Foros real estate agency show that residential property prices in the Bulgarian capital of Sofia have increased by 5.47 per cent during June.

The largest house price inflation growth was witnessed in the residential district of Dianabad, the south-east capital, where prices went up by 9.29 per cent.