Bulgaria ranks fourth among the destinations where British prefer to buy property.
Increasing number of British looking for a second home abroad preferred places with sunny and warm climate, the Government’s Survey of English Housing said as quoted by The Guardian.
Over the past 10 years the property British citizens bought abroad increased by 300 per cent, BGNES news agency reported.
Until recently Spain and France ranked among the most preferred property purchase destinations.
A new tendency was noticeable. British were now looking for property in countries like Bulgaria, Romania, Hungary and the Czech Republic.
British property seekers saw the purchase of a house abroad as a personal investment. The report said that nearly two per cent of all British owned property in another country.
Most British who owned a second house abroad were pensioners or wealthy people who wanted to spend their vacation abroad, the report said.