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Are there areas in these countries newly joining the EU that are attractive from the holiday home viewpoint? At least in the U.S., areas like Arkansas and South Carolina, while low on the overall economy scale, are attractive for people interested in retirement away from the city. Does this concept translate to Europe?
by asdf on Wed Sep 6th, 2006 at 10:36:16 PM EST
This is increasingly becoming the case. The real estate market in Bulgaria (as anyone in the UK already knows) is seen as perfect for second home owners. What this has done is to triple the price of real estate in Sofia and some of the larger cities over the last seven years.

This has created a very difficult housing market for Bulgarians to enter. Fortunately, Bulgaria has the highest home ownership rate in Europe...more than 80% own their own home...and by that I mean that it's already paid for or close to it.

by gradinski chai on Thu Sep 7th, 2006 at 01:22:39 AM EST
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