Bulgarians are having a great time at the expense of UK "property investors".
According to the latest Transition report from the European Bank for Reconstruction and Development (EBRD), a third of the Bulgarian current account deficit - the difference between Bulgaria's exports and imports - has been financed from the sale of property.
In other words, the Bulgarians have been selling their dilapidated communist-built shacks for overinflated prices and using the proceeds to buy imports.
The EBRD is worried whether ongoing sales of Bulgarian property can continue indefinitely. The answer to this question largely depends on the supply of naive and greedy UK property investors.