0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

Bulgaria Properties 13th Most Attractive to British Buyers

2011-02-24   |  www.novinite.com

Bulgaria has made it to thirteenth place in a new ranking of property markets, which remain popular for foreign mortgages among Britons.

The Bulgarian market has attracted 1.3% of the searches for properties abroad at the site of Rightmove Overseas in January, as their number increased by 40.5% over December.

Britons continue to be attracted most by the idea of taking out a foreign mortgage for a property in Spain, the ranking shows.

Australia, New Zealand and Canada have recorded the highest increases in the searches for properties on the site, up by a whopping 114%, 91% and 80%.

"We're still seeing healthy traffic and interest in quality properties, particularly in more authentic areas, smaller towns, inland locations and less resort style apartments," Robin Wilson, head of overseas at Rightmove, said.

Owning a second home abroad was once the preserve of the super-wealthy, but in the past decade a heady combination of TV property shows and cheap mortgages has convinced an estimated half a million Britons to buy their own place in the sun.
The value of UK-owned foreign property investments peaked at GBP 58 B in 2008, up from GBP 10 B in 2000.

However, recently British owners of second homes overseas have been selling up due to falling rental income and weakness of sterling.

The number of Britons, who have put up their property in Bulgaria for sale, nearly doubled in 2009 over 2010, data of realtor Bulgarian Properties show.

View our holiday properties for sale and rent

  read more articles

Share
Properties with 360-degree virtual tours
Feel the unique atmosphere of Bulgarian properties with the virtual tours we offer! At any time, with just one click, you can travel to your dream home, with no need for appointments and trips.

The virtual tours are taken personally by our team and are with guaranteed authenticity. We show you every detail of the property, just like being live in there!
See More
Properties with video
Only on our website you will find a variety of properties in Bulgaria with videos. Don't waste time, view them online - on your phone, laptop or tablet, at a convenient time and without the need for an inspection trip and personal visit. Welcome for video viewings with BULGARIAN PROPERTIES!
See More

REQUEST DETAILS