(What is this?)
Home > Bulgaria > Property > News : Bulgaria faces competition 'but shows no sign of flagging'
Not registered?  Join IPIN now FREE   |  Forgot password?

Bulgaria faces competition 'but shows no sign of flagging'

Article Date : Thursday, May 03, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The growth of Bulgaria's property market has been "phenomenal", but it now faces competition from new emerging markets, according to the Association of International Property Professionals (AIPP).

Paul Owen, speaking on behalf of the company, said that Bulgaria has become one of the most popular locations for investment and was the first market to show such "unbelievable" growth in such a short space of time.

However, the country now has competition from other emerging markets such as Poland, Latvia and Montenegro.

"There are a lot of emerging nations with comparable property prices which are relatively unheard of. Bulgaria has got more competition in its niche market," he said.

However, the market in Bulgaria could be maturing, with the resale market likely to "kick off" in the longer term.

"There's a lot of properties being built, there's no doubt that prices have gone up in the last few years ? properties will be sold a second time around, the second wave of buyers will come in," he added.

According to recent AIPP research, Bulgaria is the third most popular destination for UK property investors.
Listing Separator

Related Articles

  1. Bulgaria 'benefiting from weakening pound'
  2. Bulgaria investors 'must factor in renovation'
  3. Sofia: Sofia Airport expects a 20% rise in passengers for Christmas holidays
  4. Unprecedented EU decision on Bulgaria
  5. Figures indicate increase in Bulgaria rental demand



Listing Separator

Let us search for you Let Us find Property in Bulgaria for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Bulgaria.
Let us searchHelp me find property in Bulgaria


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Bulgaria
Channel: All

More RSS FeedsGo

Prices from only 38,000 GBP

Low deposit with prices starting at just 38,000 GBP. Istanbul is one of Europe's top 2 investment locations for 2008, according to Price Waterhouse Coopers. An investment with outstanding prospects.

View Investor Report >>

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo