Holiday Lettings news - Rosy future predicted for traditional and emerging hotspots

Rosy future predicted for traditional and emerging hotspots

A new survey on British overseas investment indicates that established and emerging markets may be competing to be the top investment areas.

According to results from the survey by the Association of International Property Professionals (AIPP), Spain is the favourite investment location for Brits with 31.6 per cent of the market share.

France was in second place, and the two locations took just over half of the market share between them.

However, Bulgaria came next on the property investment chart, with 7.7 per cent of British people choosing the Eastern European country to buy their holiday investment.

And some local experts attribute the recent improvement in Bulgaria's property standards to British investors.

Charles Weston-Baker, head of international sales at Savills told Bulgarian news site Newsbg: "Due diligence - that's proving the ownership of land and ensuring there are legal deeds when homes are sold - had been a weak point, but we're introducing British standards."

The Bulgarian property market has been given substantial attention by the media, who have highlighted the relatively cheap prices and beautiful scenery in this popular holiday lettings destination.Print this article