Call
Send Email
Messenger
WhatsApp
Bulgaria Properties 13th Most Attractive to British Buyers
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 news
More News
2024 kicked off with a dynamic property market in Bulgaria, and this activity was sustained throughout the first quarter, making it one of the strongest quarters in housing market history. This was confirmed by data from the Registry Agency, which showed an increase in sales volumes in the country's leading markets.
This year, the market switched into a higher gear. T...
Spring is here, bringing new opportunities in the real estate market!
March was a month full of property transactions, reinforcing market activity and allowing us to successfully conclude the first quarter of the year. We witnessed significant movement not only in the major cities but also in our favorite seaside and ski resorts. Additionally, the season for buying rural houses is i...
We are proud to announce the opening of our new office in the city of Dupnitsa, located at Knyaz Boris I Street, No. 1, Floor 1.
This strategic move is part of our mission to be as close as possible to our customers and to provide high quality local service for both buyers and sellers.
In our new office, clients will be able to take advantage of the ful...
In a series of materials, we present you with useful information on how to best prepare your home for viewings and how to determine the right price of your property.
Here we will focus on the heart of the transaction. Buying and selling real estate often seems a complicated and cumbersome procedure, requiring a number of documents and communication with various institutions. And buy...
