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Bulgaria Top For Overseas Investment

Fri, 23 Jun 2006
New research highlights that Bulgaria is the best place to purchase an overseas property if you wish to invest .

Assetz, the property investment specialists, place the central European country at the top of their list of places to buy due to cheaper borrowing and higher loan to value ratios increasing the amount of money that can be made.

The second quarter of 2006 shows that Bulgaria offered investors a 137% annual return on cash invested, up from 116% in March 2006.

Assetz also recommends Greece as a country property investors could consider. In the last year, house prices in Greece have gone up by 8%, meaning returns on cash invested have increased from 2% to 25%.

Poland also looks a good investment opportunity, with prices rising between 20-30% in the first three months of 2006, Assetz reports. Additionally, property in Warsaw remains among the cheapest in Europe .

House prices in Spain have gone up 13% in the last year. There is strong demand from overseas investors and Spanish locals which means gross rental yields of 8% and total returns on investment of 43%.

People are warned off properties in the USA as changes in the value of the dollar impact on UK investors effectively losing 7% their investment, wiping out any gain in house prices .
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