What happened to Bulgaria's property boom?
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The number of Britons living in Bulgaria has doubled in the last year, but, as The Guardian points out, property prices there have not. Back in May this year, when MoneyWeek last looked at Bulgaria, there wasn’t a bearish voice in the market. Depending on who you listened to, the market was going to rise by anywhere from 31%-147% within the year; the whole region was in an unprecedented state of property madness. We weren’t convinced – largely because however much we thought about it, we couldn’t see any good reason why anyone would want to live or go skiing in Bulgaria – and it seems that our caution was justified.
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