Innovative property investments
Bulgaria Property Investment News
Bulgarian market is "unpredictable"
The continued growth of the market for investment property in Bulgaria has made forecasting its future increasingly difficult, according to local experts.
The Sofia Echo reports that unforeseen growth in the first six months of 2007, as well as a trend for market fluctuations to differ between districts, have left agents "unable to predict future growth".
Though the housing market in the Balkan state continues to flourish, thanks to a thriving tourism sector, growing commercial investment and the increased availability of low-cost flights, its growth is not uniform.
According to the newspaper, "New construction is responsible for the varying trends, especially in Sofia".
It continues: "If a district sees a number of new two-bedroom apartments, owners of older such property try to sell it at prices similar to the ones for newly built apartments."
Sofia has experienced steady price increases, as buy-to-let investment becomes more popular, while spa resorts such as Velingrad are also gaining greater renown, the newspaper reports.
National bank figures show that foreign investments in property have risen from €336 million in 2005, to €1.13 billion last year.
Related items
Documents and Reports
 |
Bulgaria country guide (995Kb) |
|
Bulgaria property buying guide (687Kb) |
|
Bulgaria property investment report (426Kb) |
Recent articles
Emerging ski resorts recommended to investors
Buyers should research market trends
Record-breaking investment into Bulgaria last year
Bulgaria recommended to investors
Other related pages
Bookmark with: |
What are these? |
Innovative Investments
|
|||||||||||||||||||||||||||||||||||||||