Bulgaria Sixth Most Popular with Overseas Property Buyers

Dec. 29, 2008 - PRLog -- According to Liam Bailey, of Property Abroad this news comes as quite a shock:

"Bulgaria has been receiving very little but negative analysis in the past few months. But analysis and analysts don't matter; buyers do, and apparently with buyers, Bulgaria property has lost very little of its sheen. I doubt these people are making pure investments in Bulgaria however, though this would be easier to know for sure if data on Bulgarian regions had also been revealed. Properties can be picked up for ridiculously small amounts of money in some of Bulgaria's rural areas, it may be that these are being bought purely as investments.”

"I believe that investments are only being made in the less well-known areas because of my past research for a private seller who wanted to know what price he should sell his apartment for; I found the market to be saturated with mid-low priced apartments, especially on resort style developments near the slopes. This was causing prices to fall as oppose to climb. I therefore believe that Bulgaria's status as sixth most popular destination with Global Edge visitors lies primarily with those buying holiday homes at now much-lower prices, possibly with an eye on long term gains and decent rental yields."

Property Abroad has some excellent properties in Bulgaria, including the fantastic Sea Breeze development. Located near Bulgaria's Black-Sea coast in the newest part of the coastal village, St Vlas, Sea Breeze offers 1 bedroom apartments from just £32,735.

The location of these apartments, i.e. in an area not facing over-supply, and within easy reach of all the tourist attractions on the Bulgarian Riviera and their high build quality means that if they are well marketed they should be able to bring their buyers strong rental yields, and depending on whether the area does become over-developed, may even bring a capital profit over a period of 5-10 years. It is however unlikely that immediate capital gains will be possible.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

Property Abroad LTD
182 York Road
Hartlepool
TS26 9EA
www.property-abroad.com

Chief Marketing Analyst
Liam Bailey
liam@property-abroad.com

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