Despite continuing falls in property prices, there are some areas of Bulgaria that are attracting interest from overseas property buyers. Thatââ¬â¢s the view of a leading Bulgarian property expert who believes that there are some great property bargains to be found in the country.
This comes after a new report shows that property rights in Bulgaria are improving. The country is now considered as safe to buy in as Brazil and India. Keep reading to read about a couple of reasons to be positive about the property market in Bulgaria.
Reasons to be optimistic about property in certain Bulgarian regions
Despite falls in property prices in Bulgaria, a leading expert believes there are reasons to be optimistic about some regions in the country.
Polina Stoykova of Bulgarian Properties points to the ski resort of Borovets which has seen a rise in interest from investors in 2012 despite prices falling by an average 18 per cent in 2011.
The expert also highlights the resort of Sunny Beach on the Black Sea coast. The area has seen increased interest from Russian investors and this interest is supporting the holiday property market in the region.
More protection offered to property buyers in Bulgaria than ever before
A recent report has also found that property rights in Bulgaria are as well protected as they are in India and Brazil.
The Market Economyââ¬â¢s Index Property Rights Report 2012 shows the level of protection of physical property in 130 countries across the world. It found that Bulgaria ranks 62nd on the list, scoring 5.4 points out of 10.
The report shows that property buyers in Bulgaria are offered more protection than they ever have been before. Since the index began six years ago, the protection of the property rights in Bulgaria have improved slowly - from 4.9 points in 2007 to 5.4 points now.
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Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.