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Property in Bulgaria "on the rise"

Thursday, Sep 03, 2009

Property in Bulgaria will soon begin to take off and rise in price, according to one specialist, which may boost interest from investors.
Online magazine Bulgaria recently stated that the market has likely reached its bottom now and the cost of purchasing a home in the country will increase throughout 2010.
"Those who have bought Bulgarian property or are seeking to become expats in Bulgaria are usually buying a home for lifestyle reasons such as the incredibly low cost of living, lack of violence and better way of life," the source explained.
The specialist advised potential investors to purchase a property in Bulgaria before prices begin to rise in order to make their money go further.
Recent statistics released by IrePQ.com show that there was a reduction in the amount of property in Bulgaria being sold in the first half of 2009, which means there are now greater opportunities for those looking to snap up a place in the sun.

Source: Propertyworld.com