The number of Bulgarian properties has risen over the past decade, according to the 2011 population and housing census.
The figures, published at the beginning of the last quarter by the Bulgarian National Statistical Institute, found that 5.4 per cent more homes exist now than in 2001. There are now 3.88 million houses in Bulgaria, compared with the 3.69 million mapped by the census 10 years ago.
The biggest rise in the number of homes has been seen in the regions of Bourgas and Varna because of the level of construction in the cities themselves, as well as the mass construction of holiday homes in the local resorts of Sunny Beach and Golden Sands.
The data also shows that 97.5 percent of Bulgarians own their homes, a significantly higher percentage than other European countries, where the ownership rate varies between 50 and 80 percent.
Perhaps the most interesting statistic, though, is that in 2011, 36723 foreigners were living permanently in Bulgaria, making up 0.5 percent of the country's population. The largest groups of foreign residents are: Russian (11991) and Ukrainian (3,064) citizens. However, European Union citizens account for 23 percent of all foreign residents – the largest groups being from the UK (2605) and Greece (1253).
The report forecasts that demand for houses in the big cities will remain stable over the next few years due to internal migration. Alongside this domestic demand, though, there remains a consistent interest from foreign investors in Bulgarian real estate, which will have the most impact on the purchase of holiday homes and rural properties.
"The increasing availability of properties in the cities and the resorts, combined with property prices that are currently the lowest in Europe is a highly attractive proposition for the wise investor .." says David Livingstone, CEO of MovetoBG.com. "The market has turned the corner through 2011 .." he continued ".. and we expect to see property purchases across all sectors rising as we head into 2012."
The figures, published at the beginning of the last quarter by the Bulgarian National Statistical Institute, found that 5.4 per cent more homes exist now than in 2001. There are now 3.88 million houses in Bulgaria, compared with the 3.69 million mapped by the census 10 years ago.
The biggest rise in the number of homes has been seen in the regions of Bourgas and Varna because of the level of construction in the cities themselves, as well as the mass construction of holiday homes in the local resorts of Sunny Beach and Golden Sands.
The data also shows that 97.5 percent of Bulgarians own their homes, a significantly higher percentage than other European countries, where the ownership rate varies between 50 and 80 percent.
Perhaps the most interesting statistic, though, is that in 2011, 36723 foreigners were living permanently in Bulgaria, making up 0.5 percent of the country's population. The largest groups of foreign residents are: Russian (11991) and Ukrainian (3,064) citizens. However, European Union citizens account for 23 percent of all foreign residents – the largest groups being from the UK (2605) and Greece (1253).
The report forecasts that demand for houses in the big cities will remain stable over the next few years due to internal migration. Alongside this domestic demand, though, there remains a consistent interest from foreign investors in Bulgarian real estate, which will have the most impact on the purchase of holiday homes and rural properties.
"The increasing availability of properties in the cities and the resorts, combined with property prices that are currently the lowest in Europe is a highly attractive proposition for the wise investor .." says David Livingstone, CEO of MovetoBG.com. "The market has turned the corner through 2011 .." he continued ".. and we expect to see property purchases across all sectors rising as we head into 2012."
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Picking up a New Trend for Property Purchase in Bulgaria ..
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Rising Property Sales Reported in Bulgaria
Bulgarian Property Prices Reach Their Baseline
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