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Bulgaria Clubbing Holiday | Where to go

Bulgaria Clubbing Holiday | Where to go

Bulgaria is an excellent choice to take a holiday ...

Moving to Bulgaria From UK

Moving to Bulgaria From UK

This year has seen Bulgarian citizens moving out t...

 Cost of Living Bulgaria | The Facts

Cost of Living Bulgaria | The Facts

When it comes to cost of living, Bulgaria still to...

How to Grow Green Chillies

How to Grow Green Chillies

At this time of year in Bulgaria, most gardeners w...

Bulgarian Red Wine | Stambolovo Reviewed

Bulgarian Red Wine | Stambolovo Reviewed

This beautiful Bulgarian red wine is Incorporated ...

Traditional Bulgarian Gifts

Traditional Bulgarian Gifts

Depending on the season or occasion traditional Bu...

Property

Words of wisdom for vendors

Words of wisdom for vendors

Selling your Bulgarian property? Most buyers know a good deal when they see one and the market is no...

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Unusual Homes

Unusual Homes

If you are looking for originality, style and value for money then Bulgaria offers some fascinating,...

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Buying in Bulgarian Wine Towns

Buying in Bulgarian Wine Towns

As wine tourism grows and Bulgaria’s reputation in the international wine world increases, property ...

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Lifestyle

Natural Herbs Of Bulgaria

Natural Herbs Of Bulgaria

Walk down any country path and you will be astounded at the number of wild plants and herbs that gro...

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Cost Effective Summer Breaks in Bulgaria

Cost Effective Summer Breaks in Bulgaria

With the credit crunch and economic crisis taking its toll on everyone’s bank balance, many people a...

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Back You are here: Home News and Events Mish Mash Bulgaria Performs in World Property Prices

Bulgaria Performs in World Property Prices

The latest Knight Frank report on world property prices was published last week, showing most markets to be still in a general downturn. Some countries bucked the trend with increases in year on year property prices, including Bulgaria. Others fared less well, particularly Dubai and Singapore, down 32% and 23% respectively.  Knight Frank said that there was some evidence of buyers now snapping up bargains but that others were holding back hoping prices may fall lower.



With overseas property becoming more and more affordable, despite the British pound's poor performance, there are clear indications of activity amongst buyers. Property rices are encouraging property purchasers and enquiries are hugely up for European locations, amongst them Bulgaria. With the low prices, low interest rates and a slight upward move in the pound against the euro buyer interest is coming back.

The global property index showed Israel as the top performer with growth of 10.9% over the 12 month period to the end of March 2009. The biggest fall during the first quarter of the year was Dubai, which showed a huge decrease in property values of -40%.

In the UK, the property market reports continue to be mixed. Experts are predicting the bottom to be this quarter. CML reported that mortgage lending showed signs of recovery last month (April), although lending is still lower than a year ago.

Bulgaria property prices rose by 3.3% year on year, putting the country in 9th position. This was well ahead of the UK which showed a downturn of -16.5% and Spain -6.8%, giving them 42nd and 35th position respectively.