Property in Bulgaria 'can combat the recession'

Price drops in many established markets means property in Bulgaria may become more attractive, a sector expert claims.

The Buy Association claims emerging markets, such as property in Bulgaria, can combat the changing forces in the industry by offering similar products at more competitive prices

According to the organisation, emerging markets provide "twists" that can not be found anywhere else in the world, such as ancient castles and unique natural scenery.

Facilities such as spa retreats, located in a tranquil setting, provide extra appeal for potential investors in property in Bulgaria.

The focus is also on ski property in Bulgaria and homes in the capital city of Sofia, the company claims.

A project allows investors to buy into a hotel development in the city's prime commuting district, providing a further avenue for profit, the specialist concludes.

Helen James, communications manager at trade association UKinbound, recently said the promotion of destinations in emerging markets is currently giving them an advantage over more established locations, such as London.