With yields shooting to 12 per cent and capital gains staying high at 36 per cent, Bulgarian property investments yielded returns on cash invested of 116 per cent last year, property investment specialist Assetz has calculated.

Its latest Property Investment Tracker puts Bulgaria ahead of Cyprus as the top yielding overseas investment destination in the first quarter of 2006.
Deposit levels of 30 per cent are easily accessible to most investors as Bulgarian property remains relatively cheap, with a typical two bedroom apartment costing in the region of £80,000, said the firm.
‘Although the level of house price growth is expected to tail off slightly during the remainder of 2006, overall market growth will remain high, alongside excellent yields of 12 per cent in quality areas such as the ski resorts of Bansko and Pamporovo.