Bargain Properties Being Snapped up in All Areas of Bulgaria

The average price of a home in the Yambol and Elhovo region - about 100 Km inland from the coast - was around €10000 in Q3 and Q4 2011. There were also property purchases concluded with offers as low as €5000.

With a little more to spend on your Bulgarian property, inland areas near the coastal resort cities of Bourgas and Varna .. or near the cities of Plovdiv, Sliven, Stara Zagora and Veliko Tarnovo are popular. In these areas, prices ranged from €15000 to €45000.

And apartments in the ski resorts – which can be purchased fully furnished in operating developments – were selling in Q4 for €33000 to €35000.

Sunny Beach was the most popular coastal location for property buyers with most deals in the €17000 to €25000 range and few sales above €30,000.

For details of bargain properties for sale all over Bulgaria, visit the Property Partners BG website .. and to find out about the full step-by-step process for buying a property in Bulgaria, check the Buyers Guide section at MovetoBg.com

Related articles:
Look Inland for Today's Bulgarian Treasures
Bulgarian Property Prices Reach Their Baseline
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Time to Buy in Bulgaria's Recovering Property Market
Bulgaria Gateway Property Market Analysis - Q1 2011

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More Positive News in Bulgaria's Retail Property Sector

Compared with 2010, which was characterised by a record supply of new shopping centres, no significant retail schemes have been completed since the beginning of 2011, according to the Q2 report of Forton International.

Property in Bulgaria - Today's Top Listings

Living in Bulgaria - Today's Top Stories

Looking forward, though, current shopping centre stock stands at almost 560,000 square metres, with a further 237,000 square metres of retail space under construction. When all of the projects are completed the total shopping center stock in the country will increase by 42% to nearly 800,000 square metres or 107 square metres per 1000 residents.

Prime high street rents have remained stable over Q2 2011, although a decrease was observed in shopping centre rates as a result of both rental concessions and new lease agreements signed at lower rent levels. The estimated average fall is about 9-11% on a quarterly basis and approximately 20% compared with the same period last year. Furthermore, there are indications that rents are gradually stabilising around their current low rates, which is a positive trend in view of the constant fall observed since the beginning of 2009.

Forton points out that the investment market for retail properties has improved in terms of completed transactions, with values for the first quarter exceeding Euro 115 million - a significant improvement on both the previous quarter and the same period in 2010.

According to Forton, the Mall of Sofia (23600 square metres of retail space), one of the prime shopping malls in Bulgaria, was acquired in June for approximately Euro 105 million. And in Stara Zagora a retail park with anchor tenants Mercator, Aiko and Mobbo was recently sold to Bluehouse Capital for Euro 11 million.

Forton's data also shows that prime shopping center yields remain unchanged at around 9% for a fourth quarter in a row and that investment interest is focused on prime schemes such as retail parks or shopping malls with strong recent performance and sustainable rental income.

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