Bulgaria has become increasingly popular with property investors,...

...Miranda John, manager of the independent mortgage broker Savills Private Finance, said.

The country is now considered a medium-risk investment location, she said, as quote by the UK's The Daily Telegraph.

The number of lenders who will finance purchases in Bulgaria is increasing, along with the number of successful developments in the country.

John warned buyers to think long and hard about “other destinations further afield, where capital growth has been strong, such as Cape Verde, which are vulnerable as the number of visitors could fall drastically if a flight route disappeared or a hefty air tax were to be levied”.

Property has become one of the largest ways for people to save for their retirement in the UK, where about seven million homeowners are using their houses to at least partially fund their retirements, according to research from Fool.co.uk.