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Now could be the time to buy property in Bulgaria

Thursday, Sep 17, 2009

Many global experts are foreseeing an end to the economic gloom of the past couple of years, and with the value of real estate in Bulgaria at an all time low, now seems to be the time to consider buying property in Bulgaria.
In addition to this, traditional properties appear to be favourite. Many property developers within the country have gone to the wall leaving a mass of incomplete off plan projects and investors with the subsequent headaches. Newly completed property has seen its value plummet, whereas older more traditional properties, those built around the 1920's & 30's are in abundance and represent great value for money.
For those looking for a property in Bulgaria, these older properties may not necessarily represent the most exquisite and idyllic locations, offering unbounded long term gains. Instead they are seen as a real and affordable solution for the more grounded, risk-averse investor looking to get a foothold in the market.

Source: Propertyworld.com