A Place in the Sun Magazine: Experts Predict That Property Prices in Bulgaria Have Nearly Hit the Bottom

2010-01-28   |  A Place in the Sun Magazine, January 2010

In its January 2010 issue A Place in the Sun Magazine tells us about the Top 10 Property Destinations for Brits in 2009, Bulgaria being positioned in the tenth place.

Here we will provide a few key quotes from the article about Bulgaria and its property market, based on information provided by BULGARIAN PROPERTIES:

"Prices have dropped by up to 30 percent in Bulgaria – making it a great time to snap up a beach, ski or even country pad."

"... Forced to face reality, prices are being lowered by up to 50 percent in former hotspots such as Sunny Beach and Bansko..."

"With experts predicting that prices have nearly hit the bottom, the next few months will be the best time to buy for those backing Bulgaria in the long run."

"Anything above EUR 100,000 (GBP 91K) is currently viewed as expensive in Bulgaria, so below that threshold there's plenty of choice."

"...the market is now entirety lifestyle purchasers rather than investors."

Read the whole article

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Has the Bulgarian property market reached the bottom?

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