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The lure of emerging property markets

Prices for residential and commercial properties were soaring as a result of foreign interest in the country.

This is persuading UK investors in particular to be more adventurous in their investment policies, although looking beyond the familiar property markets certainly provides its own particular challenges.

Bulgaria is reflecting the current levels of interest. The reasons for this are multiple, but prospective EU accession and an up-and-coming ski industry seem to have been particularly important. Property prices in and around Bansko, for instance, have been rising steeply in recent months, with the bid to host the Winter Olympics in 2014 only adding to the focus.

The Ski Club of Great Britain has recently been championing both Bansko and Borovets as top ski resorts and property prices are shooting up in accordance with the rising number of holidaymakers visiting both locations.

At the other end of the spectrum, Black Sea resorts are also increasing in popularity while Sofia's developing reputation as a commercial centre has meant that investing in office property has also proved fruitful.