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Bulgarian Property Among Best Bargains for British Buyers
A study of eight countries where the British traditionally buy holiday homes reveals that four have seen property price falls of as much as 30% in the past 12 months.
Research by Currency Index suggested that property in Spain, Bulgaria, Portugal and America had dropped in price from last year.
Spain led the way with an average decline of more than 30% for two-bedroom apartments in the Costas, followed by Bulgaria with 19,7%.
While prices in Turkey have stayed static, France, Greece and Italy have all seen property getting more expensive for UK cash purchasers.
The increase of investment interest in the Bulgarian property market on the part of Brits is also backed up by a survey of actual property enquiries as the country is moving up in the most popular property destinations ranking.
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