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Category : Europe

Date : 08 May 2008

More_attention

Concerns about the risk of oversupply in the Bulgarian property market has led to more attention being paid to infrastructure, it has been suggested.

Deborah Fox, director of Emerging Real Estate, explained that local authorities and the government in the country are "becoming much more careful" as they realise that too much building could be taking place.

She said that a new skiing area, Borovetz, is under construction, but that attitudes about oversupply have resulted in a more cautious approach.

"They're being very careful in the way that they set up the infrastructure," she said, adding that authorities are "making sure that it's done more slowly than [in] some of the other areas".

The popularity of Bulgaria as an property investment destination remains high among Britons, with the country ranking fourth on the Association of International Property Professionals' 2007 market report.


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