bulgarian property market shows signs of improvement
News Posted On: 23 November 2009
According to reports there has been a major increase in activity in the Bulgarian property market, as Russian's enter to pick up bargains on properties in popular tourist locations.
Bulgaria property has always been famed for being among the cheapest in the world, and as such reports suggested that it would fail to benefit from the bargain buyers currently active in the market.
However, Bulgaria's property market suffered badly from over-supply and sellers outnumbering buyers in the latter half of 2008. Now that almost every European property market has some problems with oversupply or stunted demand, the playing field has been levelled and Bulgaria property has a chance of coming out of the crunch in better shape than it went in.
Bankso has become somewhat of a dirty word in overseas property investors minds, but there are currently a lot of good opportunities on off plan properties in Pamporovo, and other new emerging markets. The coast at Sunny Beach has retained its popularity as a bargain holiday home destination among eastern Europeans.
There are also literally thousands of fixer-uppers in Dobrich, Yambol, Kavarna and throughout the country, priced from £7,000 upwards. These could easily be done up into very rewarding residential buy-to-lets. However, these are very time costly investments and not for the faint-hearted armchair investor.
View Bulgaria property for sale
Back to news articles for this country
Latest Related News Articles in Bulgaria
Bulgarian Bargains Attracting Buyers
2011-08-18
Bulgaria looks as if it is becoming increasingly attractive for foreign property buyers, as prices a.....
Bulgaria Entering Final Stage of Schengen Accession
2011-04-08
Bulgaria is entering the final stage of it’s accession to full Schengen membership.....
Bulgarian Property Market to Pick Up as Year Progresses
2011-01-28
Experts are predicting a revival in the fortunes of Bulgaria's residential property marketm at long .....
Bulgarian Property Back on Radar
2010-12-02
Bulgarian property, once cheap is now even cheaper, but research is essential as organised crime is .....
Bulgaria Economy Pops Head out of Recession in Q3
2010-11-15
According to the national statistics office Bulgarian GDP grew 0.2% year on year in Q3.....
Bulgaria Property Most Popular with Russian Buyers says 1 property dot ru
2010-10-19
The largest Russian language overseas property portal has revealed search data showing Bulgaria prop.....
Sofia Bulgaria Property Undervalued or is It?
2010-09-17
Global Property Guide have published a table showing Sofia property as highly undervalued compared t.....
Bulgaria Property Badly Bruised But Alive
2010-07-23
Bulgaria property has been one of the hardest hit in the world, but the rapid decline seems to be sl.....
Bulgarian Tourism Increase Good News for Property Market
2010-06-28
Rising tourism is good news for the Bulgarian property market, because it indicates that the damage .....
Bulgaria Gets its First Budget Flight from UK
2010-06-14
Ryanair has announced new flights to Bulgaria starting in September, to boost tourism and property m.....