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2011 Predicted As Strong Year for Bulgarian Property Market

The latest international property reports have recorded a greater than usual trend of property sales in Bulgaria during the latter half of 2010. This trend of strong property market growth is expected to continue over into 2011. It is predicted that the Bulgarian property market will see an increase especially in the second half of the year.

The growing demand for real estate in Bulgaria can be attributed to the steadily improving Bulgarian economy and the current cheap property prices. The average price of a property in Bulgaria has fallen to less than 33 percent of their highest market peak in 2008. The number of building permits and new buildings has also fallen. With the price of real estate in Bulgaria dipping down to approximately 964 leva per square metre, there are many opportunities to find a cheap deal on a great property in this beautiful southern European country.

Why So Many Are Choosing Bulgaria

Cheap prices are not the only factor helping to sell property in Bulgaria. The country is rich with natural beauty and has a lot to offer as a location for a holiday home. The Republic of Bulgaria is located to the south of Romania, with Serbia to the west and Greece and Turkey to the south. It is bordered on the east by the Black Sea. It benefits from the warm, sunny climate of this region.
 
Bulgaria has been a part of the European Union since 2007, enjoying all of the economic benefits of this situation. It is a hidden little piece of Europe that has spectacular mountain scenery ready to be explored, ornate medieval churches, beautiful mosques, therapeutic mineral springs, organic farms, and golden sandy beaches for relaxing. From beach resorts on the Black Sea, to the skiing resorts of the snowy mountains, Bulgaria offers many different options for a fantastic holiday lifestyle.

Emerging From the Past

The major cities in Bulgaria have come a long way from their weary Communist-era days, and are not vibrant and thriving tourist centres, with exciting nightlife, high-quality shopping, and fine dining restaurants. With all of these great attributes behind it, Bulgaria is rapidly becoming one of the new hotspots for travel and a popular holiday property location.

A Solid Investment

With the current low prices on property in Bulgaria, 2011 is a great year to invest in a holiday property in this charming country. Many experts agree that property in Bulgaria is a sound long term investment, and that homebuyers are sure to see a good return on their investment.  If the predictions of most major real estate experts come true, this coming year will be a very strong one for the Bulgarian property market.