Bulgarian property market favours the buyer

The property market in Bulgaria is near the bottom at the moment, making now the ideal time for investors to take advantage of a stabilising market with low prices, it has been reported.

An article by Quest Bulgaria drew attention to the fact that currently the market favours the buyer and as such could represent a good time to find a dream home.

The online property and lifestyle magazine compiled a list of buying tips for the country to ensure potential investors don't make unnecessary decisions.

Among the tips offered include making sure enough research is carried out into the location of the property.

"Look at where the locals are buying as a good indication of good areas. This also means the property market in that area is supported by Bulgarians, making it easier to sell should you wish to do so," the article suggested.

Furthermore, it also recommended taking advantage of private "expat" sales, where investors could have the opportunity to pick up renovated property with sizable discounts of anything from 30 to 50 per cent.

Overseas investment company Property Venture recently named Bulgaria as one of the best destinations for investment in 2010.