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Bulgarian Houses Storm Holiday Home Market
Bulgarian houses figure high on the list of potential holiday homes, particularly among buyers in the UK. It is estimated that around 30,000 Brits own Bulgarian houses according to figures released by the Bulgarian government. It is also stated that most British owners of Bulgarian houses live in the country for at least some of the year. It is a growing trend that has popularised Bulgarian houses as ideal holiday homes.
The British Invasion Puts Bulgarian Houses in the Spotlight
As a result of the initial interest shown by UK buyers, Bulgarian houses have now captured the attention of other foreign buyers. Bulgarian houses are at the forefront of a thriving property market that international investors are capitalising on. With a market that has grown by 30 per cent in the last four years, some prospective buyers aim to make a quick profit in Bulgaria. Another 10 per cent property market growth in Bulgaria is predicted following the former communist country’s accession into the European Union.
Warm and Friendly Locals Add Value to Bulgarian Houses
Many foreign owners of Bulgarian houses have extolled the virtues of the friendly locals, Bulgarian culture and the natural factors in the Eastern European country. They find the charming country and its people a great incentive to purchase Bulgarian houses as holiday homes. A significant number of foreign owners have moved into their Bulgarian houses permanently. Along with the friendly people, a comparatively lower cost of living has convinced many retirees to turn their Bulgarian houses to permanent homes.
Foreign Ownership of Bulgarian Houses – Promoting Local Prosperity
With foreign ownership of Bulgarian houses comes an influx of money into local towns and villages. The new owners of Bulgarian houses encourage better services, more jobs and improved infrastructure. This has encouraged the locals from towns and villages to welcome buyers of Bulgarian houses, thus promoting the former communist state as an ideal location for a holiday home.
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