Cheap house with nice view - ID 2851

Property Seekers Should Be Careful When Investing In Bulgaria 12/03/2008
Reuters news agency warned property investors of the risks related to purchases in Bulgaria. According to the report market growth has started going down and competition in the country was on the rise. Recently annual returns went down to 44 per cent as compared to the 104 per cent three months ago, Reuters reported. Price growth also started slowing down. The levels went down from 36 per cent to 17.8 per cent, the report said. In the Bansko winter resort area prices registered a 2.1 per cent decrease. In the second quarter of 2006 overall price growth in Bulgaria reached 1.6 per cent. Oversupply led to 'fierce competition for rentals', Reuters reported. After a huge initial boom the Bulgarian property market was now re-adjusting, agents said. Instant returns could... more

More Brits Look For Property In Bulgaria 22/03/2008
Though the UK property market continues to show signs of recovery, investors seem to be keener than ever to look further afield, with Bulgaria the country of choice for those looking for something a little different. For people looking to invest in residential property, Bulgaria currently offers a number of popular regions and house prices remain extraordinarily low. It is a fact that has drawn many to the country looking for a second home purely for holiday purposes, but it has also attracted part-time and professional investors looking for capital appreciation in the coming years. EU accession is the big issue here, as it will undoubtedly instigate a rise in house prices in line with a strengthening economy and better relations with a number of other European countries. Most experts... more