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Interest in Bulgarian property 'at an all-time high'

Saturday, Jun 23, 2012

The level of interest in real estate investment in Bulgaria is reaching the highest level ever experienced in the country.

So says Gemma Tippler, manager at Bulgarian Property Experts, who noted "very encouraging sales records" have been posted so far in 2012, while the cost of buying an abode is still very low.

Last month,Global Property Guide published figures from the country's National Statistics Institute, which revealed real estate values are currently 38 per cent below the peak recorded in the third quarter of 2008.

Ms Tippler stressed now is the time to get into the Bulgarian real estate market, as house prices are expected to rise considerably when the nation joins the European Union as a full member and adopts the euro.

She explained potential purchasers have two main options: "[To] buy and renovate and make a quick return on your investment, or to get a foot on the property ladder and buy cheap property or land to sit on for the future."

Source: propertyshowrooms.com