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Bulgarian Property Outlook 2012

sandandseaA survey by Bulgarian Properties regarding the current situation of the real estate market this year has revealed that although not as vibrant as it once was it has been able to maintain some stability, in certain areas of the market.

Here we conclude some facts and figures, and a summary of just what is taking place at the moment in Bulgaria.

Village Life

The Bulgarian rural property market so far this year has revealed that the average cost for the beginning of 2012 was 20 000 Euros, and the main buyers still dominating the market are the Russians, followed by Bulgarians seeking the peaceful village location. The most interest is in areas near to larger cities especially those along the Black sea coast including Burgas, Dobrich and Varna. There is a huge choice available of renovated properties ready to move into that are foreign resales, and these are very attractive investments to buyers and most priced at exceptional value.

Reports have concluded that the price range in Bulgaria is now that of 2006. To see what you can buy for your money see our Bargain property sales which we update regularly with the hot offers at the moment in Bulgaria.

Ski Resorts

The property market in the ski resorts of Bansko, Borovets and Pamporovo has during the past two years been severely affected and due to lack of interest has experienced significant price falls by up to 50%. However, with these incredible price drops it is slowly beginning to attract interest from potential buyers searching for an apartment finished to an incredibly high standard and set in some of Bulgaria's most spectacular scenery.

The average prices vary between the three main ski resorts with Bansko which is the most popular of the winter resorts start from 550 Euros per sq. m, Borovets apartments start from 600 Euros per sq.m and Pamporovo the largest ski resort start from 750 Euros per sq.m.

The Black Sea Coast

Sunny beach, which has also previously seen prices fall has fared better during the past two years than the winter resorts. Partly because of the huge interest in the beach resorts on the Black sea coast from Russian investors buying holiday homes. There is also the appeal of the excellent value for a luxury apartment and an average price starting from 450 Euros sq/m. The Bulgarian real estate market believes that the Russians have helped save the property market and make up 40% of foreign buyers in Bulgaria.


The Outlook for 2012

Bulgaria is attracting interest from other neighbouring European buyers including Hungarian and Polish people searching for bargain holiday homes, and taking advantage of what outstanding scenery Bulgaria has to offer to the foreign investor. So depending on what type of property you are looking for there is something for everyone in Bulgaria, from the coast to the beautiful scenery of the mountains to the chic cosmopolitan cities - there is certainly something to suit all in Bulgaria.

For more exceptional bargains at affordable prices see our Bargain Property Sales.