The Spanish property market is cooling in many areas such as the Costa del Sol so you need to buy sensibly and make sure that you are buying good value properties in areas that have still to see the large capital growth over the coming years. I believe that in Spain such areas as Costa Almeria, Murcia, and parts of the Costa de la Luz continue to offer great value but you must still be aware of the factors that will influence your return and your ability to sell the property on.

In Bulgaria there are some fantastic gains to be made but again I would exercise a degree of caution. Having just returned from Bulgaria last week, it concerned me just how many people are piling into areas like Sunny Beach which, frankly, look to me massively overdeveloped already. When combined with fairly low build qualities and a fairly downmarket feel, I wonder to whom all these investors (many of whom are buying off plan for the first time) are going to sell to in 18 months or so. The same applies to Bansko, which I have been told is already at capacity as far as numbers of people the resort is able to cope with on a day to day basis.
Read the rest of this entry »

Tags: Bulgaria, Bulgaria property, Bulgaria Travel, Bulgaria travel notes