Research shows impact of budget airlines on overseas property markets

A prime example of the budget airline effect has been Bulgaria, where a major increase in flights has hiked up both property and rental prices. Reports show that an estimated €310m worth of property was purchased by overseas buyers in Bulgaria within the first three months of 2007. This news was three months after Ryanair and EasyJet announced flight schedules to the country's ski and coastal resorts. New budget flights by Monarch and Ryanair have also prompted expansion to Paphos and Larnaca airports in Cyprus and have heightened property investment interest in the country. Morocco, wh...