Bulgaria Property News

Sunny forecast for Bulgaria property

Sunny forecast for Bulgaria property
Sunny forecast for Bulgaria property Total sales for residential real estate in Bulgaria grew by almost 25 per cent during the first twelve weeks of 2013 and experts suggest investors are returning in high numbers. The lift in sales suggests a sunny forecast for the remainder of the year as foreign investors turn their focus on investment property in Bulgaria. Reports from the National Statistic Agency show the number of property sales for the first quarter hit just over 44,170 a rise of 23 per cent on the number recorded during the early part of 2012.

Data supplied by the Agency show that property prices are still around 37 per cent lower than peak prices recorded toward the latter part of 2008. The price of property in Sofia is said to be almost 40 per cent lower today which has helped to attract overseas investors. Several leading agents predict the trend from foreign investors will increase throughout the coming months and when Bulgaria becomes a fully-fledged member of Europe at the end of the year house prices are expected to rise in value.