Incredible bargains still on offer in Bulgaria

The Bulgarian market remains the place to pick up bargain property despite a significant rise in prices since the country joined the EU.

According to Quest Bulgaria property magazine, "cheap and cheerful" Bulgarian property is now back in fashion as people try to adapt to the new financial climate by investing small amounts as a kind of insurance policy.

And the report suggests that while the "clever money" bought into the market as far back as 2000, buyers can still pick up a second home in the region for under 10,000 euros.

By purchasing property in inland areas far from international airports and being realistic with their quality expectations, investors can make a small profit over a long period or enjoy a personal lifestyle move, it advised.

The magazine recently identified Bulgaria as being one of the most popular locations for UK investors looking to make capital gains, with coastal apartments or six-bedroom houses in the countryside available for under 90,000 euros.