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Bulgaria property recovery insight
Country: Bulgaria
13 July 2009 Colliers International projects that the Bulgaria property sector will start to improve in the second half of this year, according to the company’s latest H1 2009 reports. The Bulgarian property market, which was considered to be one of the top property investment destinations in the world a couple of years ago, has since suffered. The country has experience a drastic fall in international demand and a severe oversupply of homes, particularly along the Black Sea Coast. Colliers data shows that the average price of a home in Bulgaria fell on average by around 14% year-on-year in Q1. The company estimates that prices will continue to depreciate, but at a slower pace in the short term, before stabilising at the end of 2009 or early 2010. Editor’s comment:
“Although demand for property in Bulgaria has fallen in recent years, the fact that construction levels have dropped in Bulgaria, means that the existing oversupply of residential stock is still being absorbed, easing some of the pressure on the market. Bulgaria’s construction sector has been the hardest hit by the global financial crisis. Colliers report that investment in the sector could fall by over £1bn.”
See Also: Bulgaria, Colliers International, Marc Da-Silva, Overseas property investment news
Some properties in Bulgaria
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Price: £3,211
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Type: House
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Bedrooms: 3
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Cheap rural house with good development potential, located 45km away from Veliko Tarnovo!
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View details | Enquire further
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Price: £3,219
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Type: House
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Bedrooms: 2
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Two-storey house set in the village of Maslarevo, 18 km from the town of Polski Trambesh and 45 km away from VelikoTarnovo. It is a well-organized place close to a main road. The house spreads over 75 sq.m. living area distributed on two floors.
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View details | Enquire further
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Price: £3,219
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Type: House
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Bedrooms: 3
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Detached rural house located in the village of Maslarevo, 18 km from the town of Polski Trambesh and 45 km away from VelikoTarnovo. It is a well-organized place close to a main road. The house spreads over 100 sq.m.
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View details | Enquire further
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Price: £3,622
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Type: House
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Bedrooms: 2
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The house is situated in open countryside position approximately 45 km. from Veliko Tarnovo and 17 from Strazhitsa.This delightful area provides an excellent opportunity to enjoy living amongst peace and quietness.
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Price: £3,622
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Type: Bungalow
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Bedrooms: 4
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This fantastic value property is situated in a sought after village, located on a short 15 min drive from the main city of Dobrich, which provides all the amenities for a modern contemporary European city.
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Price: £3,622
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Type: House
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Bedrooms: 2
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This lovely property is located in a very small village set in beautiful area 15 to 20 minutes drive from the main town of General Toshevo, Dobrich region.
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Price: £3,688
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Type: House
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Bedrooms: 1
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Ref No:NS-ust14
Location:near Elhovo
Living area:50
Garden:800
Floor:1
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Price: €185,000 Bedrooms: 4, 2 ensuite showers Private sauna, garden, terrace. Metres from Super Borovets ski gondola & golf course. Surrounded by pine forests.
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