Holiday Rentals News - Next year's property hotspots revealed

Next year's property hotspots revealed

British holiday home buyers will be looking further afield to purchase property in the next 12 months, according to a currency exchange company.

FC Exchange found that countries such as Bulgaria, Cyprus, the US and France will drive the foreign property investment market in 2007.

The list of probable property hotspots for the next 12 months was decided upon by taking into account a range of factors, including the country's currency strength, the supply of property and the current demand, website Finance Daily reports.

Bulgaria is tipped to see considerable property investment next year.

"Bulgaria is attracting shrewd investors keen to take advantage of the current low prices, especially in comparison to the rest of Europe," said Nick Fullerton, director of FC Exchange.

"The investment opportunities in Bulgaria are as a result of extensive World Bank funding, which has allowed dramatic improvements to Bulgaria's infrastructure and tourism industry, transforming it from its former Communist days."
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