More home loans available to Bulgarian property investors

Real estate investors are set to be lured back to Bulgaria after it was revealed that more loans will be made available to buyers.

Following the departure of many purchasers at the height of the global economic crisis, banks are now targeting potential buyers to tempt them back to the country.

However, rather than British investors returning in their flocks, a large number of Russian buyers are now capitalising on the current market conditions.

"The great demand for real estate, which initially came from the UK and other English speaking countries, is being steadily replaced by Russian speakers," confirmed municipal mayor Avren Todorov.

The news may be of interest to those looking at homes for sale in Silistra, with the region a major cultural, industrial and educational centre located in the north-eastern area of the country.

Meanwhile, according to a recent report by Colliers International, prices in the Bulgarian capital of Sofia have continued to fall in 2010, with an annual decline of 17 per cent experienced.

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