Real Estate Deals In Bulgarias Plovdiv On The Rise

The latest positive news regarding property in Bulgaria is that real estate deals

in the countrys second largest city of Plovdiv are on the rise, reports property portal House Sales Bulgaria (http://www.housesalesbulgaria.com/). An IDC Media release on November 17, 2010, quoted in Bulgarias leading newspaper The Sofia Echo, reveals that people are returning to the market, reportedly looking for larger flats equipped with a garage in Plovdiv.

The ups and downs of real estate in Bulgaria can most easily be measured by the analysis of property in major cities or resorts and for properties of an average style, size and price. Plovdiv is Bulgarias second largest city and one which has in the past had a healthy and fast-moving market due to the citys popularity both for primary residences for city-dwelling Bulgarians and for the foreign buy-to-let market. Prices of property in Plovdiv have remained the same since 2009 and the real estate slowdown witnessed across Europe is now picking up in the city.

The IDC report revealed that Bulgarian banks are now offering mortgage loans at lower interest rates which are being snapped up by this returning market. Customer interest tends to be for properties with two or more bedrooms located in Plovdiv city centre, the wider city and the boroughs of Vustannicheski and Smirnenski, boroughs popular with middle income families.

Reports that customers are returning to property in Bulgaria have been hitting the headlines in recent months, with Colliers International highlighting the capital Sofia as leading the recovery of real estate in Bulgaria in the second half of this year and reports that property in Bulgaria is still top of the wish-list for Russian investors, all of which is heartening news for those looking to sell property in Bulgaria. Whether youre one of the growing number of people looking to buy property in Bulgaria or youre looking to sell, trust the experts at House Sales Bulgaria (http://www.housesalesbulgaria.com/).

by: Jumping Spider

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