Bulgarian property market

The rise of the Bulgarian property market has been one of the most remarkable real estate phenomena ofthe past few years.lt has come about for two reasons – the collapse of Communist regimes in Eastern Europe, and the massive growth in the overseas property market. The former has opened up a hitherto unknown country to reveal one of Europe’s most attractive landscapes of mountains, meadows and never-ending forests. As a result of the latter there is growing demand for property abroad, which Bulgaria is amply able to provide. Buying property abroad has never been more popular: almost one in 10 British citizens now lives overseas (Institute for Public Policy Research, 2006), and a further 800,000 other British households own a second home – up a staggering 45 per cent since June 2004. People are increasingly looking at countries like Bulgaria to fulfil their desire for an affordable home, in a safe, secure and attractive environment.Bulgaria is a country where you can still get away and live the dream.
mountain landscape
Only a few years back, Bulgaria was an unfamiliar destination for British tourists – a handful of people had visited the Black Sea coast resorts on package holidays; others had memories of skiing holidays to Communist-built mountain resorts – often with tough-looking masseuses and an overabundance of olives for breakfast. Any of the 500,000 British tourists who have visited Bulgaria in the past five years know that things have changed. Indeed, today it is common place to strike up a conversation with people who are considering buying property in Bulgaria, or to have a friend who has bought there in the past few years. The change from Communism to a functioning market economy has been rapid. The subsequent economic growth has outstripped most western economies over the same period. Bulgaria has moved, improved, and boasts resorts as modern as anywhere.
It is hard to believe now that only a few years ago there was not a single estate agent promoting Bulgaria in the UK. In 2001, Channel 4’s production team for the popular TV programmed Place in the Sun arrived in the country to make the first episode for a new series. Because of the complete absence of estate agents geared up to overseas clients, they relied on an in-country British aid worker to help them with the logistics and setting up locations and properties for filming. In stark contrast, today the streets of most of the popular tourist resorts are lined with estate agents aimed at foreign buyers. From the Black Sea coast to mountain ski resorts and inland historic towns, the problem for the foreign buyer is – which agent to choose? Similarly the Internet hosts hundreds of companies that are ready to hold your hand through the buying maze. Some companies specialise in regions or types of property. Some are Bulgarian, some British and some a mix. Best Bulgarian Properties Ltd. is one of the leading real estate agencies in Bulgaria. More than 5 years we are selling sucessfully properties to foreign buyers. For the best Bulgarian properties for sale visit our website : https://www.bestbgproperties.com/

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