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A Visit to Slovenia The Invisible Country

A Visit to Slovenia The Invisible Country

It is a remarkable fact of life, how this little c...

A Look at Long Stay Visas and Retirement in Bulgaria

A Look at Long Stay Visas and Retirement in Bulgaria

If you will be traveling to Bulgaria for a long te...

A Guide to Taking Your Pets with you to Bulgaria

A Guide to Taking Your Pets with you to Bulgaria

If you are planning a move abroad to live in Bulga...

A Guide to Opening a Bank Account in Bulgaria

A Guide to Opening a Bank Account in Bulgaria

If you are moving abroad to live and take up emplo...

Black Sea Region Cruise Vacation

Black Sea Region Cruise Vacation

Travel and vacation in the Black Sea region and en...

A guide to financing your new home in Bulgaria

A guide to financing your new home in Bulgaria

If you are planning in purchasing some property ab...

Property

A Real Family Home

A Real Family Home

Recently attention has turned from investment and buy-to-let in Bulgaria to the traditional purpose ...

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Sound Advice for a Sound Property

Sound Advice for a Sound Property

As the estate agent said, it has "lots of potential" but what should buyers consider when tackling a...

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Lake Property In Bulgaria

Lake Property In Bulgaria

Bulgaria is home to many glacial lakes, most of which are located high in the Rila and Pirin Mountai...

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Area Focus

Beautiful Borovets

Beautiful Borovets

Borovets lies on the northerly slope of the Rila Mountains at an altitude of 1350 m. It is Bulgaria'...

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Hissarya, the Roman Spa Town

Hissarya, the Roman Spa Town

Nestled in a tiny valley in the border of the Sredna Gora Mountains, the pretty town of Hissarya oft...

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Lifestyle

DIY Removals

DIY Removals

Moving has often been voted in one of the top five most stressful experiences. The obvious reasons f...

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Pumpkin Banitsa

Pumpkin Banitsa

Banitsa is a popular, traditional pastry that is eaten for breakfast in Bulgaria. They can be either...

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Working From Home in Bulgaria

Working From Home in Bulgaria

Working from home or at home is often the ideal solution for expats moving to Bulgaria. Unfortunatel...

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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.