IS BULGARIAN PROPERTY MARKET DEAD?

HIDAY NEWS BITES: IS BULGARIAN PROPERTY MARKET DEAD? By Alistair Bradley

Recent news reports seem to indicate that the property market in Bulgaria is now at a complete stand still. No one is buying and those that have properties even in the 'fashionable' ski and sea resorts are finding it very hard to achieve the high rental yields promised by over zealous estate agents.

However if you go inland some lesser known towns and cities offer exciting prospects, especially for those that want to risk investing in the commercial sector.

Already the capital, Sofia has seen rental gains in the commercial sector increase by as much as 11% in the last four months and Plovdiv, Bulgaria's second largest city is not that far behind in terms of commercial rental increases. However whether this trend continues depends more on the state of the domestic market rather than interest fom other countries.

By http://www.hiday.net/