Bulgaria is Top Ten Destination for Overseas Buyers
In further news that the Bulgarian property market is beginning to turn around, the country has just re-entered the global top ten destinations for overseas buyers of property, reveals property experts House Sales Bulgaria (http://www.housesalesbulgaria.com/). According to a UK guide for residential real estate, 3.3% of all enquiries in July from overseas purchasers were looking for property in Bulgaria, positioning it back into the top ten slot.
The Move Channel ranks overall enquiry volume into overseas real estate destinations and last month, July, real estate in Bulgaria ranked seventh, overtaken by Brazil and following Turkey. Director Don Johnson stated: “As the Euro debt crisis continues, people are looking for bargain investments and holiday homes at low costs. Bulgaria’s real estate sales have been improving all year, with buyers attracted by exceptionally low prices for winter property, so it’s no surprise that interest has increased.” This is the first time in three years that property in Bulgaria made it into the top ten of overseas property purchase enquiries.
House Sales Bulgaria specialises in real estate in Bulgaria, serving those looking to buy and sell property in Bulgaria. While the firm is focused on Bulgarian property, it is part of the influential Worldwide Group, a network of international property portals. House Sales Bulgaria can also confirm that enquiries into property in Bulgaria have increased over the first half of 2011, more so than in many other countries, and that all signs are that the residential housing market in the country is beginning a recovery stage. Bulgarian property in popular areas which is priced to sell is helping to revive the real estate market.
Also hitting the news at the start of August, is the fact that there has been a significant rise in the number of mortgages issued in Bulgaria, according to research from Credit Center, a Sofia-based consultancy firm. In the second quarter of 2011, the number of awarded home loans was 18% higher than in the first three months of the year – quite a considerable jump. Tihomir Toshev, Chief Executive Officer of Credit Center explained that the Bulgarian real estate market has seen increased activity in all types of property, both buying and selling, although a two-bedroom apartment is the most in demand. He says that “receiving credit is becoming easier and easier” which is meaning that more people are being able to buy property in Bulgaria, and he believes the increased number of mortgages awarded spells good news for the real estate market in the country.
Find out how House Sales Bulgaria helps people meet their property goals in Bulgaria at http://www.housesalesbulgaria.com/.
Processing your request, Please wait....
