Nice Places in Bulgaria. Bulgaria Guide.

078-Bulgaria Property Guide part1 Podcast Episode
- [

A lot of people fail to realize the construction prices in Bulgaria are cheaper than in the UK or Western Europe. A year ago each were high flyers in our index with 66.6%, 23.8% and 23% annualised growth rates respectively. At the present time, Knight Frank Global House Price Index shows that Bulgaria has the strongest growth index worldwide. But, property prices in Bulgarian cannot remain low for ever, so now is the time to invest. Even with the increased number of newly built apartment complexes, Bulgaria is far from meeting the demand. If you are a so called ‘investment hunter’ and always look for properties in newly built apartment complexes – hurry. If you are looking for a rural property, keep in mind that at least 90 % of those properties will need some work doing to them. In fact, by investing in such properties, you can never loose your investment, as Bulgaria Property prices go up with the increased popularity of Bulgaria. Knowing that Bulgaria is an ex-communist country your first reaction, will be “Are you crazy”. Some will just need modernization, and some will need a complete renovation. The demand is huge and the supply is small. Two of the three; Latvia and Estonia, suffered negative growth (-7.1% and -14.5% respectively) and the third, Lithuania managed price growth of just under 1%. Uncertain employment conditions, rising interest rates and household indebtedness are all identified as contributory factors in this turnaround. You may think “It is too good to be true”.