Property investment group Assetz reported Bulgaria property confirms its standing as leading property investment hotspot. For the second quarter of 2006 the return rate of Bulgaria property was 137 per cent, Assetz reported. In March the figure reached 116 per cent. Decreasing mortgage rates in the country make borrowing cheaper. Deposits decreased as well, guaranteeing investors bigger returns. All these developments confirmed Bulgaria property remains an attractive option for property seekers. Read more…
Bulgarian Property & Real Estate News
Bulgaria property still tops investment hotspots
Bulgaria property has managed to further improve its reputation as a property investment hotspot in the last three months, according to property investment group Assetz. The Assetz Property Tracker reveals that in the second quarter of 2006, Bulgaria property offered investors a 137 per cent annual return on cash invested, up from 116 per cent in March.
The property firm said that borrowing is now also cheaper than it was in the spring, with mortgage rates having fallen from 7 per cent to 5.95 per cent. Deposits required have also dropped from 30 per cent to 25 per cent, meaning greater gearing and bigger returns for bulgaria property investors. Read more…
Discovering property in Bulgaria
The rise of investments in property in Bulgaria, especially in the ski and beach resorts has had the effect of encouraging investment in other parts of the country which is very much largely undiscovered. There are still the mountain regions, rural villages, spa resorts and the lesser known major towns and cities. Many of these places have Bulgarian property and land that is still greatly undervalued. Many potential investors are often put off by having to set up a company to purchase a bulgaria property or a piece of land. However it is a straight forward process and is getting easier, especially as Bulgaria is moving closer to being a fully fledged member of the European Union which should happen in 2007 at the earliest. Read more…
Bulgaria Property Leads in Property Hotspots Ranking
Property experts often suggest that Bulgarian property will continue to be a popular location of real estate investors. Figures from the latest overseas property ranking show Bulgaria is still no 1 on the property investment location charts. Bulgarian property currently offer investment return of over 110% for property purchasers, Assetz reported. Because of the large growth figures Bulgaria property stays on top of other attractive property locations such as Cyprus. According to Assetz, the country is now very similar to the situation in Spain in the early 80s in terms of potential returns and capital gains. Also, property in Bulgaria remains cheap with property prices significantly lower than in similar European destinations. The cheap prices of Bulgarian properties are the significant reason that so many foreign investors are purchasing in the country, the report says.
Although the current strong growth is expected to calm, property market growth in Bulgaria for 2006 will remain positive, according to Assetz predictions. Winter resorts such as Bansko and Borovets will continue to attract holiday property buyers. Due to these latest positive investments and continued growth locations like Bulgaria and Cyprus are surpassing other more established locations in western Europe, Assetz states.