British investors have shown considerable interest in the Bulgarian real estate market.UK Daily Telegraph reported that British investors' insatiable appetite for property has led them to hunt for bargains in Eastern Europe.The UK newspaper said that demand for property in the region is growing sharply, particularly in countries such as Croatia, Bulgaria and Turkey. The number of inquiries about buying property in eastern Europe is growing rapidly, said John Howell, the senior partner in John Howell & Co, a London-based solicitor. Demand is also picking up for places in Croatia, Bulgaria and Hungary, he added.Increasing demand for exposure to house price growth in eastern Europe is also encouraging companies to consider launching funds investing in residential property in the region. Next week City Trading Post, an independent financial advice firm based in London, is to launch Euro Property Prospects, which will invest mainly in Bulgaria, Poland and Slovenia.The City Trading Post fund is aimed at sophisticated investors with at least GBP 10,000 to invest. Two thirds of the fund will be invested in Poland and Bulgaria, with the remainder going to Slovenia and Spain.
 

"It is possible that Conor will be able to buy something in Bulgaria at that level, but he should bear in mind that there are an awful lot of people out there trying to do the same thing. The low prices are attracting buyers and, while just a year ago you may have been able to snap something up for around ˆ10,000-ˆ15,000, these days those kinds of properties are few and far between"

It was once the epitome of grim Communist uniformity, but Bulgaria is emerging as this year's hot destination for British tourists.
     Sales figures indicate that up to 200,000 Britons will travel to the Balkan nation's Black Sea resorts this summer, where the attractions include cheap drink, large sandy beaches and temperatures in the 80s.
     One British tour operator has already named Bulgaria as the top place to visit this year, while a report in America last week also named it as being among the 10 best international destinations.
     The emergence of Bulgaria, and its 240-mile long "Black Sea Riviera", has been helped by the euro's rising value against the pound. This has made holiday spots such as Greece and Spain far more expensive for Britons than non-euro countries.
     Thomson Holidays, Britain's largest tour operator, said that it had included Bulgaria in its brochure for the first time this year.
     The country, where a seven-day holiday in a three-star hotel, including bed and breakfast, costs from £259 per person, was already one of its three best-selling destinations, along with Florida and Cyprus.
     "Bulgaria's biggest selling points are the great beaches and sunny climate combined with attractions including wine tasting, aqua parks, ancient monuments, nature parks, music and flower festivals," said a spokesman for Thomson.
     "It's also really cheap when you get there - a pint of beer is 50p, a meal for two can be had for under £5, and a decent bottle of wine for around £2. The holidays are considerably cheaper than the equivalent in Spanish, Greek or Portuguese resorts."
     Bulgaria's Black Sea resorts boast white sandy beaches, warm seas and temperatures that average 80F (26C)during the summer.
     The country, which is roughly half the size of Britain, also has mountains and lakes and claims to be the motherland of the mythical songster Orpheus and of the gladiator Spartacus, who led a slave revolt against the Romans.
     The principal Black Sea resorts in Bulgaria are Albena, Golden Sands and Sunny Beach. Golden Sands lies close to Varna, another resort where Leonid Brezhnev, the former leader of the Soviet Union, holidayed during the Communist era. Todor Zhivkov, the former Communist leader of Bulgaria also used to take his holidays on the Black Sea, at the resort of Evksinograd.
     Sean Tipton, a spokesman for the Association of British Travel Agents, said that Bulgaria was the fastest growing holiday destination for 2004 and that at least 200,000 Britons were likely to visit this year - nearly double last year's total.
     "Previously holidaymakers have been put off from visiting the country because it has been difficult to get there and because the accommodation was not up to standard," he said. "All that has changed in the last few years. At the moment it is fantastic value for money, but it won't stay that way for long."
First Choice Holidays, which has offered package holidays to Bulgaria since 2000, said that the country was its "star performer".
     Richard Curtis, its spokesman, said: "At a time when holiday bookings are down almost 25 per cent on last year to destinations across the board, Bulgaria's performance is phenomenal. We have already increased our sales of holidays to Bulgaria by 100 per cent and it is only the second week in January."
     A report in the The Washington Post last week named Bulgaria as one of the world's top 10 international destinations of the year, alongside more predictable choices such as Botswana, the Bahamas and Ecuador.
     The country is not only attracting package holiday makers: the capital Sofia is luring weekend visitors with its historical churches, museums and boulevards.
     Marin Dimitrov, a spokesman for the Bulgarian Embassy in London, said that his country welcomed the influx of British tourists.
     "Bulgaria has a rich cultural and historical background that has a great deal to offer foreign holidaymakers," he said. "We are delighted that people are recognising this and coming to visit our country. This is a very good thing for Bulgaria.