7th October 2008
The ongoing financial turmoil has wrecked havoc in various countries and affected most property markets negatively - but not in Bulgaria, experts have claimed.

Sofia Echo quotes experts and consultants as saying that the Bulgarian property market has been affected in a positive way instead as the crunch has protected it from saturation.

According to the experts the crisis has driven scores of investors out of the eastern European nation's "densely overbuilt mountain and seaside resorts", which is a good thing.

Colliers International co-manager David Davidov said: "The situation is on the whole healthy rather than alarming. This means that it is only projects with solid investor capacity, a good concept and a long-term strategy that will be realised."

Mihail Chobanov of Bulgarian Properties also said the crisis came just in time and has helped Bulgaria to "avert the property bubble we have seen in Ireland, Russia, Romania, Kazakhstan and Latvia".

Last month Georgi Stoev from Industry Watch stated that real estate still remains the most solid investment in Bulgaria despite the financial turmoil.

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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