A new research has ranked Bulgaria as the third most attractive residential investment destination in Europe.

The study carried out by Global Property Guide (GPG) compared several factors, which were judged to contribute to the attractiveness of buying residential property.

Bulgaria came in third with 10.6% gross rental yields, reform on track, low prices, but very high transaction costs on purchase.

Slovakia grabbed the first spot with inexpensive house prices, very high GDP growth, low rental income tax and no capital gains tax on long-term property holdings.

Second came Turkey, whose major attractions are the strong GDP growth and the dynamics of the housing market.