Bulgaria has regained its popularity as a prime location for overseas property buyers, breaking back into the top ten most preferred real estate markets for Britons, according to a UK guide for residential property.
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In the MoveChannel's definitive monthly listings for overall real estate enquiries, 3.3% of all traffic in July was directed at Bulgarian property, marking the country's return to the overseas property portal's top ten for the first time in three years. In the comparative list of overall enquiry volume Bulgaria ranked seventh, overtaken by Brazil and followed by Turkey.
"As the Euro debt crisis continues, people are looking for bargain investments and holiday homes at low costs. Bulgaria's real estate sales have been improving all year, with buyers attracted by exceptionally low prices for attractive property, so it's no surprise that interest has increased," commented the portal's director Dan Johnson.
The most popular destinations for a place in the sun overseas remain the same, with Spain staying in the top spot for a second month running. Together with France, USA and Portugal, the traditional destinations account for over a third of all property searches from buyers interested in property abroad. The value of UK-owned foreign property investments peaked at GBP 58 billion in 2008, up from GBP 10 billion in 2000.
More recently however, buying patterns have changed with the increase in real estate sales now attributed to a combination of falling prices and the continuing growth in Bulgaria's economy as a whole.
"As the Euro debt crisis continues, people are looking for bargain investments and holiday homes at low costs. Bulgaria's real estate sales have been improving all year, with buyers attracted by exceptionally low prices for attractive property, so it's no surprise that interest has increased," commented the portal's director Dan Johnson.
The most popular destinations for a place in the sun overseas remain the same, with Spain staying in the top spot for a second month running. Together with France, USA and Portugal, the traditional destinations account for over a third of all property searches from buyers interested in property abroad. The value of UK-owned foreign property investments peaked at GBP 58 billion in 2008, up from GBP 10 billion in 2000.
More recently however, buying patterns have changed with the increase in real estate sales now attributed to a combination of falling prices and the continuing growth in Bulgaria's economy as a whole.
Related articles:
Bulgaria's Q2 Property Sales Rocket by 48%
Experts Agree that Property Market has Bottomed Out
Rising Property Sales Reported in Bulgaria
Bulgarian Property Prices Reach Their Baseline
Time to Buy in Bulgaria's Recovering Property Market
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