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New Investors in Property in Bulgaria Will Drive Market Recovery - 27 January, 2011

The Bulgarian real estate market will see significant recovery in the second half of 2011, reports House Sales Bulgaria (http://www.housesalesbulgaria.com/). According to property experts Colliers International, new investors are being attracted to property in Bulgaria, particularly in the residential market, which will drive a much-needed growth in the property market in the latter part of the year.

In news which will hearten those wishing to sell property in Bulgaria, real estate consultancy Colliers International is predicting a "rebound in property sales" in Bulgaria following interest in the market from new, predominantly European, investors. The second half of 2011 will see an uplift for beleaguered real estate in Bulgaria thanks to this new influx of property investment. According to Bulgaria's leading daily newspaper the Sofia Echo, this real estate uplift will coincide with "forecasts for an improvement of the country's macro-economic indicators, when the market should start to display signs of the new industry growth drivers". Residential property in Bulgaria is predicted to attract the greatest attention from the new European investors, according to Colliers International, with high-end property units being in particular demand due to a lack of construction of new quality developments in 2010. Commercial real estate in Bulgaria is also thought to be on the investment agenda, however in less demand than residential housing.

For those who are looking to sell property in Bulgaria, the last couple of years have been a challenging time, with many vendors dropping their prices for a quick sale. House Sales Bulgaria concurs with Colliers International's view that there are still many investors interested in property in Bulgaria, with predictions that there will be yet more interest from investors this year. The key is matching those investors with the property in Bulgaria you are looking to sell. This is where House Sales Bulgaria comes in: using its vast web network to give its listed Bulgarian properties the maximum visibility to the right people. Find out how they are helping people sell property in Bulgaria at http://www.housesalesbulgaria.com/.
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