Property in Bulgaria 'has great appeal'

propertyworld.com , 2009-06-02

     The appeal of buying a property in Bulgaria is continuing to increase, an industry specialist states.
     After a recent survey by sector expert Property Abroad revealed the country has enhanced its attraction to investors, market analyst Julie Liddle claims the rise in popularity can be attributed to strong economic growth.
     According to the specialist, property in Bulgaria has benefitted in a way which many other European homes have not, as the country has avoided the worst aspects of the global economic downturn.
     "Bulgaria is now one of only four European Union member states forecast to avoid recession this year, and forecast to do so in the most impressive way - strong growth with a firm handle on the budget deficit," she states.
     She adds that a combination of economic solidarity and the low cost of property in Bulgaria will ensure the country continues to rise in popularity with overseas buyers.
     In other news, the National Real Property Association recently revealed that the price of property in Bulgaria reached a "psychological minimum" of between 700 euro (610 pound) and 1000 euro per sq m at the end of February, and will now begin to rise again.

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