Bulgaria back in Top 10 most attractive property markets for Britons
Bulgarian properties, once often in the Top of the Props big league, has been relegated to the top 20 for most of the past year. According to February’s Top of the Props report from TheMoveChannel.com, the country renewed its position for the first time now since January 2013. Approximately 1.6% of all enquiries in February were directed at Bulgarian properties. In January, Bulgaria had ranked 15th in Top 10’s most attractive property markets for Britons.
"The increased interest of the British in the Bulgarian properties is not surprising, because Bulgaria has a lot of advantages," said Polina Stoykova, Head of Operations at BULGARIAN PROPERTIES. "Bulgaria’s biggest advantage is the favourable climate and the fact that we are only 3 hours away by plane from the UK. We are optimistic that the British will return on the market not only as sellers but also as buyers in the near future," she added.
According to Polina Stoykova, the interest to sign deals is still weak due to the many years of crisis and uncertainty, and the slow recovery process in all countries. "At the moment the British are buying mainly in the resorts and in the villages, but still the deals are few," stated Stoykova.
Bulgaria has always attracted the interest of the British who are looking to purchase a property, and the popularity that our country has among the buyers from Britain is strong since many of them are satisfied with the property purchase in Bulgaria they have made in the past, say the real estate agents.
The USA remains the most popular real estate market, accounting for more than one in five (21.07 per cent) of all enquiries. This is the eighth month in a row that America has held its number one position and the country's highest level of activity since November 2013, when it received 30.99 per cent of enquiries.
There is also a demand for French properties and Spanish properties. Spain has long been the favourite between the two European rivals on TheMoveChannel.com, but growing interest in France saw its share of enquiries increase to 8.04 per cent last month, making it the second most popular country in the world for the first time since October 2013.
The rest of the top five remains the same, with Portugal in fourth place, cementing its current popularity among foreign buyers, and Brazil in fifth position. The investors are also considering South America with the coming FIFA 2014 World Cup.
Share of inquiries in Top 10:
1. USA 21,07%
2. France 8,06%
3. Spain 5,10%
4. Portugal 4,54%
5. Brasil 3,29%
6. Canada 2,54%
7. Turkey 2,09%
8. Australia 1,92%
9. Italy 1,71%
10. Bulgaria 1,62%
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