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Nov 28, 2024 07:41
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| Investor outlines attractions of Bulgaria | ||
| Thursday, Mar 20, 2008 | ||
| An overseas property investor from the UK has spoken of his decision to invest in eastern Europe. Investment banker Mark Giddings recently purchased an off-plan property in the Bulgarian capital Sofia and a similar residence in the Romanian city Brasov. The two purchases collectively cost him £180,000 and he believes the overall returns could be much larger. Speaking to the Times, he said both the Romanian and Bulgarian economies are currently benefiting from high levels of investment from overseas. He added that their recent entry into the European Union and the increased personal wealth of local people has also created a favourable environment for investors. Mr Giddings commented: "I just felt there is more potential for capital growth in those markets." However, he conceded that he has an "appetite for risk". |
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| Source: www.propertyshowrooms.com | ||
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