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Bulgarian Property & Real Estate News

Property in Bulgaria still popular with overseas investors

The latest survey from overseas property specialist TheMoveChannel has highlighted property in Bulgaria as still in the top 10 property locations for overseas investors.

The information was extracted from the overseas property enquiries  received by the website during 2011. Almost 3% of enquiries related to Bulgarian property meaning property in Bulgaria was the 8th most popular choice for British buyers.

The website director Dan Johnson also mentioned that Bulgaria property sales have been increasing throughout 2011, with low prices for winter ski property attracting most investors. In his opinion it is easy to understand the increased demand as prices are now at their lowest level in many years and offer an attractive location to place funds in the current uncertain banking environment.
He expects that the trend will continue in 2012 with the focus remaining on cheap ski property in the winter resorts.

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Interest Only Mortgages For Bulgarian Property Market

Pireaus Bank is now offering interest only mortgages for people buying Bulgarian properties. Many are buying Bulgarian properties off-plan with a view to obtaining capital gain and rental income from tourist rentals once completed. Piraeus Bank London, the UK branch of one of Greece’s Piraeus Bank, has launched an interest-only euro mortgage product on Bulgarian property exclusive to the UK and Bulgaria. Read more…

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Property in Bulgaria in the Limelight

Property in Bulgaria is very much in the limelight now that it has joined the EU. “Foreign investors look at tourist growth, gross domestic product growth, transparency of the Bulgarian property purchasing process, wage inflation and easier access to mortgages,” Mr Valletta from UK company Vector International explains the reasons for the success of property in Bulgaria.

Read more…

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Property in Bulgaria third most profitable for Buy-To-Let

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 for British first-time buyers overseas.

Source: Sofia Morning News

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Bulgaria Real Estate Still Tops among British

Bulgaria is still a preferred country by the British for the purchase of real estate, despite negative publications in the media, shows data of Asta Bridge Company. The percentage of Bulgaria real estate purchased by foreigners is 29%, from which 66.87% are by British people. US citizens make 6% of the Bulgaria real estate deals followed by the Germans with 4% and Italians – 3%. New for the Bulgarian real estate market are citizens of Spain and Malta who look mainly for lands for building. Read more…

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Investing in Property in Bulgaria Draws Significant Returns

Sitting at the junction between Europe and Asia, property in Bulgaria is increasingly attractive for investors and tourists alike. With a population of 7.5 million, Bulgaria faces the Black Sea to the east and is bordered by Greece and Turkey to the south, Macedonia and Serbia and Montenegro to the west, and Romania to the north. Known for its exquisite ski resorts of Bansko, Borovets, and Pamporovo, Bulgaria also offers sunny beaches on the shores of the Black Sea. The climate and economic conditions of the country make property in Bulgaria an attractive investment to Europeans and others from around the globe. Read more…

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The search for something different brings British investors to buy Property in Bulgaria

The usual favorites of UK property investors, Spain and France seem to be dropping in popularity in the face of competition from new emerging property markets such as property in Bulgaria, Cape Verde and Dubai. The latest property report, from currency dealers HiFX, puts the trend down to a search by UK buyers for more interesting property investment locations. Property in Bulgaria has been especially popular recently.

“In a lot of scenarios the developing markets offer properties, which are a lot cheaper than more established locations” says Mark Bodega, marketing director of HiFX, commented. “As property prices have continued to rise quickly in the UK over the last year, as well as rising interest rates, we have noticed that overseas property investment has become increasingly popular with UK buyers” Read more…

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Residential Property in Bulgaria Up by Up to 15% in 2007

Average price levels of residential property in Bulgaria will increase by 5-10% in 2007, experts say. Luxurious newly built Bulgaria apartments and properties at key locations will command a higher increase in prices – an average of 15%, according to realtors’ forecasts for the country’s first year of EU membership, cited by 24 Hours daily. Low prices, long-term investment prospects and changes in lifestyle fuelled record-high sales of property in Bulgaria for 2006. Bulgaria apartments were especially popular with foreign buyers.  Read more…

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Property in Bulgaria Still Ranks in Top 3 Property Investment Hotspots

Property in Bulgaria is still being marked among the top three European destinations for the overseas property investor in 2007, ranking next to Cyprus, say British experts.

Property investment company Principal International forecasts that property in Bulgaria, described as a low cost and affordable destination, will remain very popular with the Brits and its European neighbours despite the ever increasing volumes of development schemes along its costal shores. Read more…

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Britons Eye Property in Bulgaria

One in seven Britons is considering purchasing property in Bulgaria or Romania, following the countries’ EU accession at the beginning of this year, according to a new survey. “Bulgaria’s official inclusion in the European Union is a key opportunity for investing in property in Bulgaria ” commented John Triton, a sales director at MRI Overseas Property. Read more…

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