Quest Bulgaria Property and Lifestyle Magazine

Prices have been hard hit in the UK; and Bulgarian property has similarly reduced in value, making the country a place where you are likely to pick up a bargain as prices have fallen to the lowest levels in several years.

A 'Property Finder' for Bulgarian properties for sale with more than 22,000 homes is now live on the Quest Bulgaria website. Offering anything from land, houses to renovate and homes or villas ready to move into, through to apartments suitable for buy to let, and commercial businesses.

Not even those who are meant to be 'in the know' are keen to make any property price predictions for 2010. Forecasting the properrty market in these turbulent times is particularly hard and there are few 'experts' who have done a decent job even in a more normal market.

A pleasant surprise for buy-to-let homeowners in the capital of Bulgaria, Sofia. A reported monthly rise in property rentals of up to 5% was announced by the leading real estate agent, Address.

After the impact of the global financial crisis, many are wondering how they can reduce their regular bills and live more simply next year. A number are considering downsizing their property, selling up in the UK, and buying a smaller property in Bulgaria, where not only is a home considerably cheaper but the cost of living significantly lower.

Encouraging news is arriving for Bulgarian property. This comes along with data in the UK from more estate agents that house prices are slightly on the move, with the Halifax reporting a sixth successive increase since the massive low during spring.  Some Bulgarian banks have already reduced interest rates and the Government has called for a 3% plus reduction in mortgage rates. A few banks are lending up to 80% of the property price - not witnessed since summer last year, although stringent income and property criteria are still applied.

Upmarket towns and villages in Bulgaria are the smart property choice these days for buyers. Locations such as Sunny Beach and Golden Sands are off the radar of overseas property purchaers. Places which have previously seen as golden locations for retirement in the country are not as popular as they were. Rather, beautiful authentic towns are some of Bulgaria's most desirable locations. Increased concerns of over-building and the 'fish and chip' lifestyle, reminiscent of Spain are making Britons turn their backs on property along the Black Sea coastline.