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Falling prices make property in Bulgaria attractive to investors

Friday, Sep 17, 2010

Property prices in Bulgaria are experiencing a significant fall, which could help people looking for property in Dobrich or Sofiya property find a bargain.

According to research from Colliers International, some regions have seen prices drop by as much as 19 per cent year-on-year and when coupled with the strength of sterling against the Bulgarian lev, this creates a real opportunity for investors.

As well as providing good value, Bulgaria is also a popular destination with property buyers, ranking in Prime Location's top ten searched-for countries by UK residents.

It was recently reported that people looking to buy property in Bulgaria may soon have more choice, with figures from the National Statistics Institute highlighting that the property construction industry grew 46 per cent in the second quarter of 2010.

Bulgarian property building permits rose by 46 per cent, while actual construction of homes in Bulgaria increased by 70 per cent, according to the report.

Source: propertyshowrooms.com