"Young people priced out of the market in Ireland are looking abroad to get on the property ladder."
"Low prices are essential for a first-time buyer with no other assets. Morris, who coined the acronym 'young Irish property investor' (Yipi) to describe the trend, explained that affordability is the key. 'The cheapest in Bulgaria is about €30,000; management costs are about €250 per annum, while the stamp duty is about 2%,' he said."
Source: Times
