BULGARIA PROPERTY TREND

Bulgaria tops many lists when it comes to property investment and emerging markets.  While the tourist trade is in full swing and many holiday operators are switching from markets like Spain and Portugal to cheaper locations like Bulgaria, buy-to-let properties in some areas of Bulgaria are nearing saturation levels.

It is important therefore to be aware of current trends within the Bulgarian market. 

Sofia, one of the oldest capitals on the continent, has a very attractive future for investors with apartment prices starting at around £65,000 and increasingly investors are looking to the city for profitable returns.

The highly developed coastal resorts are slowly giving way to ski regions, chiefly the town of Bansko, although Pamporovo and Borovets are also now popular.  Bansko in particular is attempting to lengthen its tourist season by installing year-round facilities in addition to the 65km of Pirin Mountain skiing. Developments are improving in quality, too, drawing in better builders and established estate agents. Property prices in the main Bansko area have risen by some 30 per cent in the past three years.

Basically, choose the right location and you are likely to see some great returns on your investment, provided you play the long game and do not rely on short-term capital gains.  Try to ensure you get a guaranteed rental with specified yields on the contract and that your property has not been overpriced as a result.   

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