by Ewan McGarrie
Property in Bulgaria is a strong favourite with British overseas property buyers who have been buoyed by the potential for high capital appreciation. Whilst there has been undoubted capital growth, 42% in 2005 according to international surveyors Knight Frank, the property market had its problems like any developing country should therefore be treated with caution.
Some of the property in Bulgaria has been of a sub-standard quality and property rental potential has been overblown. Overseas property buyers have invested predominantly in the areas of Bansko, Sunny Beach and Sofia. In the main, these areas have been overdeveloped where supply outstrips demand. The prices of many properties in Bulgaria are out-with the budget that can be afforded by local residents and are reliant on overseas property buyers who buy for investment or lifestyle reasons.
Tags: Bulgaria, Bulgaria tourism, Bulgaria Travel, Bulgaria travel notes
