17th March 2009
The investment potential of Bulgarian property has once again been highlighted, with local media reporting that the market is now being flooded with bargains.

Just days after the European Commission stated its belief that Bulgaria would be among the nations unlikely to suffer its own recession in the wake of the global economic slowdown, the Sofia Echo has reported that property prices now appear to be bottoming out, making the market ideal for cash-rich investors.

According to the capital-based source, prices are now approaching the levels seen in 2007, with investors most likely to land themselves a bargain with modern urban developments, such as one-bedroom apartments.

Citing local experts, the newspaper reported: "Prices throughout all market segments will be subjected to fluctuations, some milder in character, and some more violent, but the only sector so far that has remained immune to the drop is that of luxury estates."

The report added that long-term investment opportunities also look good in a number of Black Sea resorts, many of which have seen average prices fall over recent months, despite their enduring popularity with holidaymakers.



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