I think I will have another look at the figures given. Also we work with 3 developers in Bulgaria. 1. German, Spanish, 2. Bulgarian. 3. Cypriat. No English, or British, though I dont think branding nations as good or bad is the key. It is do a reality check and do your due diligence. Your article highlights the underbelly which does not get talked baout, and you know your stuff from 7 years being there.

I will reread. The problems I hear of Bulgaria are 1. Resale value. 2. Zero or limited rental yields. I think if one can get the rental yields high, then correspondingly the resales values will grow, but then the conundrum why would you sell a good yieldiing property. Balkan holidays rent out apartments year on year, so they generate income and thus you have a valuable asset.

Interesting comments above though, it is good comment.