Property prices in Bulgaria, particularly in village regions and capital Sofia, are experiencing a significant fall with some boroughs in the capital having seen year on year prices drop of up to 19%.This property information has been revealed by colliers international research. At the moment Bulgaria may offer UK overseas property investors an attractive opportunity for buying cheap town and village houses, an apartments, business offices and lands taking the low prices, combined with the strength of sterling against the Bulgarian lev( BGN).
Property Price decrease gives you a real opportunity to buy cheap real estate even to this to be luxury property. Now is the best time to invest, just have to make your research in the Bulgarian regions and properties.
As well as providing good value, Bulgaria is also a popular destination with real estate buyers , ranking in Prime Location’s top ten searched- for countries by UK residents.
Clients looking to buy property in Bulgaria may soon have more choice with figures from national Statistics institute highlighting that the property construction industry grew 46% in the second quarter of 2010 .