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It seems the worst may be over for the Bulgarian real estate market. Property portal House Sales Bulgaria (http://www.housesalesbulgaria.com/) can reveal that the market for property in Bulgaria improved in the first half of 2011 according to data from local property agencies as reported in the Bulgarian national newspaper The Sofia Echo.

After a period of stasis, real estate in Bulgaria has “gained momentum” in the period from the start of January to the end of June this year, according to the newspaper. The number of property deals increased over this six month period, which spells good news for the market as a whole and for anyone wishing to sell property in Bulgaria. According to real estate experts quoted in the Sofia Echo, “The country's economic growth, coupled with the drop in property prices since the crisis broke out, has led to a rise in sales, which is the first positive sign for the market”.

The newspaper further examines the data from local agencies for property in Bulgaria: “The country's property market saw a 27 per cent annual increase in the number of deals in the first six months of the year, with the country's four largest cities - Sofia, Plovdiv, Varna and Bourgas, also displaying increases, going by Registry Agency data.

The highest number of deals was in Sofia and in places along the country's southern Black Sea coast, which contributed 40 per cent to the total volume of property sales in the country, Stoykova said. Meanwhile, National Statistics Institute data showed that the number of building permits issued was still low compared to levels before the crisis, meaning that local entrepreneurs were still not willing to launch new projects.”

A lack of new building permits combined with a rise in completed property deals is very encouraging for those looking to sell property in Bulgaria. To ensure your property gets the best exposure, list it with the experts at House Sales Bulgaria - http://www.housesalesbulgaria.com/.