Property in Bulgaria has been ranked the third most profitable location for buy-to-let investors, lagging behind Poland and the United Kingdom, according to a report of property investment firm Assetz. Investing in property in Bulgaria is followed by France, Turkey, Greece, Spain, South Africa, Cyprus and Portugal as the top ten most profitable locations. Poland offers a 165 % net capital gain on cash invested, the UK – 63%, Bulgaria – 54%, France – 51% and Turkey – 45%, according to the study. At the end of last month The Observer ranked property in Bulgaria, Turkey and northern France as the current hotspots.