12th February 2009
Overseas property investors keen on getting Bulgarian property may be interested to hear that there is an abundance of properties in the country that they can choose to turn into an investment.

According to the Sofia Echo, every fifth property in the eastern European nation is now on the market, based on national statistics.

Many people that had rushed in to buy properties in order to make a quick profit as property values rose in the boom time are now eager to offload their investments, hence the increased figure.

Prices have plummeted in the country, as the supply demand balance has been upset by the sellers who have been forced to sell because they cannot afford mortgages, according to market specialists from Yavlena real estate agency.

According to the Sofia Echo, the specialists were quoted by local newspaper Dnevnik Daily as saying that buyers are demanding to pay even lower prices for the properties.

When buying abroad, investors should not make the price of a property the overriding factor, according to theMoveChannel.com.



<< Back to News