Bulgaria returns to top ten most popular property markets
Monday 15th of August 2011
After three years in the doldrums, Property In Bulgaria is back in demand, according to a new survey. Research has found that the buyers looking for property abroad have once again turned to Bulgaria, helping the nation leap into the top ten most popular destinations with people searching for overseas homes.
Rise in searched for Property In Bulgaria
The figures from August’s Move Channel ‘Top of the Props’ report show that 3.3 per cent of all enquiries in July 2011 were for Property In Bulgaria. The country is back in the top ten most popular destinations for the first time in three years as buyers were increasingly attracted by low prices in the country.
Director Dan Johnson said: "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."
Traditional overseas destinations top the list
Whilst Bulgaria may have returned to the top ten for the first time since 2008, the traditional locations for foreign homes dominated August’s report. Spain was the most popular destination for the second consecutive month while Property In France, Usa and Portugal was also popular. Over a third of all property searches from prospective overseas buyers were for these four destinations.
Quest Bulgaria reports that ‘Bulgaria's boost may not rival the traditional Western European destinations, but its growing popularity indicates an interesting shift away from familiar markets as searches for property in Greece and Thailand both declined.’
The report found that the Caribbean was particularly popular in July 2011, with searches for property in Barbados seeing the country enter the top ten whilst searches for property in the Cayman Islands rose by 17 per cent.
