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Bulgarian property rights increase demand
Despite continuing falls in property prices, there are some areas of Bulgaria that are attracting interest from overseas property buyers. That’s the view of a leading Bulgarian property expert who believes that there are some great property bargains to be found in the country.
This comes after a new report shows that property rights in Bulgaria are improving. The country is now considered safer for buying a real estate.
Reasons to be optimistic about property in certain Bulgarian regions
Despite falls in property prices in Bulgaria, a leading expert believes there are reasons to be optimistic about some regions in the country.
Polina Stoykova of Bulgarian Properties points to the ski resort of Borovets which has seen a rise in interest from investors in 2012 despite prices falling by an average 18 per cent in 2011.
The expert also highlights the resort of Sunny Beach on the Black Sea coast. The area has seen increased interest from Russian investors and this interest is supporting the holiday property market in the region.
More protection offered to property buyers in Bulgaria than ever before
A recent report has also found that property rights in Bulgaria are much better protected than before.
The Market Economy’s Index Property Rights Report 2012 shows the level of protection of physical property in 130 countries across the world. It found that Bulgaria ranks 62nd on the list, scoring 5.4 points out of 10.
The report shows that property buyers in Bulgaria are offered more protection than they ever have been before. Since the index began six years ago, the protection of the property rights in Bulgaria have improved slowly - from 4.9 points in 2007 to 5.4 points now.
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