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There’s no doubt that the property market in Bulgaria has suffered the effects of an unpredictable economy in the last few years, just as property markets have the world over. But the good news is that it seems the worst is over, with recently released data from Business Monitor International revealing that real estate in Bulgaria is now experiencing a ‘limited recovery’, according to property portal House Sales Bulgaria (http://www.housesalesbulgaria.com/).

A new report from Business Monitor International has just been released entitled “Bulgaria Real Estate Report Q3 2011” and was picked up by business news site Balkans.com and Novinite.com. According to the report, "Early data from the first two months of 2011 suggest that a limited return is on the way".
It refers to data which reveals that an average of 1,550 property auctions took place per month in January and February 2011, compared with a monthly average of just 750 in 2010.

It’s not just property auctions that are on the up, either. House Sales Bulgaria can report an increase in the number of completed property sales in recent months through its online portal for property in Bulgaria. The company has seen a continual sales cycle even throughout the downturn, in part because they use sophisticated internet and network marketing to match those wishing to sell property in Bulgaria with those looking to buy. However, the cycle was a little slower towards the end of last year, with some Bulgarian properties taking a little longer to sell than usual. House Sales Bulgaria is pleased to report that this cycle has sped up again in the first half of 2011. Properties are spending less time on the market, perhaps due to a recalibration of pricing, and there is solid evidence of what Business Monitor International refers to as a ‘limited recovery’.

House Sales Bulgaria features one of the web’s most extensive property listings for Bulgarian property. See for yourself at http://www.housesalesbulgaria.com/.