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Bulgarian Property Sales

The current Bulgarian property sales market has begun to recover slowly by the continued vast interest from Russian purchasers to buy their own holiday home in the sun. And, Bulgaria with its enormous property choice and great price offers is an ideal destination for them.

Bulgarian property sales linked with Black sea apartments in Bulgaria have increased by 30 per cent this year, based on recent figures from Bulgarian Properties. The increase in interest has provided a positive outlook for the country's property market and shown a slight recovery in specific areas of the market. The forecast for this year expected the coast to continue to attract foreign buyers, and so far this year it has beat previous expectancy. The main investors are Russians and Bulgarians taking advantage of the attractive low prices to have a coastal apartment.

The amount of apartments sold in the third quarter of 2012 went up by about 30% year-on-year. The interest has been aimed mostly at the Southern Black Sea coast, and not only in Sunny Beach but other popular coastal resorts. For many foreign buyers considering Bulgaria the interest is primarily in the Black sea coast.

However, for the first time in four years the information reported from Bulgarian properties is the rise in deals amongst village properties in certain areas of the country. There was also a reported rise of about 40 per cent during the past few months in comparison to 2011 making them also currently the top popular property on the market to buy.

Optimism in this year's winter ski season where Bankso still remains one of the cheapest ski destinations in Europe will hopefully bring an increased interest from buyers. These areas have some fantastic bargains and Bansko in particular has attractive prices with apartments on the market from as little as 350 euro's per sq m.

Bulgaria's capital city Sofia has not seen as much interest from foreign investment, but has had a steady flow of Bulgarians buying. Although with the current economic crisis Bulgarian's have been more financially cautious with spending. Bulgarian banks have reported a decline in mortgages, even though the interest rates are lower than the start of the crisis.

The Bulgarian property sales market has continued to display interest in certain areas and the expectation for 2013 is that it will continue to attract investors to the country with its still low bargain property prices.