28th October 2008
The Bulgarian property market seems to be settling down and "switching to standby mode" following news that average residential property prices increased marginally in the third quarter of the year.

According to data from the National Statistical Institute, residential property prices increased by an average of three per cent during that period compared to the previous quarter, reports Sofia Echo.

Property professionals in the country claim that this is a sign of settling in the market as some developers opt to withdraw their properties in a bid to wait for more stability.

The newspaper states that Plovdiv, which is Bulgaria's second largest city, registered the largest increase across the nation after recording an 11 per cent rise in prices.

Dobrich located in north-eastern Bulgaria held its own in the rocking market by posting the second highest rise in residential property prices at nine per cent.

According to BuyAssociation, the current market is ideal for investment especially for those looking for a long-term overseas property investment.

News From Bulgaria Brought to you by the SimpliGroup – Experts in the Bulgarian Overseas Finance and Property Market

If you would like more information about financing your investment in Bulgaria speak to the specialist advisers at BulgarianHomeLoans



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