24.02.2011 Bulgaria Properties 13th Most Attractive to British Buyers
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.
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The Sun, Samantha Lock
IT'S a good time for Brits to book a cheap holiday as prices plunge in many popular and unexpected travel hot-spots, a nation-wide travel report has revealed.
The Bulgarian resort of Sunny Beach on the Black Sea Coast offers UK holidaymakers the best value for money, while mainland Spain continues to entice tourists with its beaches, culture and c... read more
According to preliminary data, a modest growth of 1.55% is expected in the number of tourists in this part of the country, Ivan Ivanov, President of the Regional Tourism Chamber in Burgas, told Focus Radio. The forecast is based on planned flights, according to data at the end of March.
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Thirteen beaches in Bulgaria and one marina have been awarded the world Blue Flag certificate for meeting stringent standards for quality, safety, environmental education and information, the provision of services and general environmental management criteria.
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