Why the trend for buying in Bulgaria?

Catseyez

Hello,

I've noticed numerous threads regarding the purchase of property in Bulgaria. Could anybody enlighten me as to what has caused this recent trend?

I'm just interested as it seems that so many people are wanting to do it!

Thanks.

ohit

Seen as an opportunity to make some money from an increase in property prices?

benood

Just joined the EU = possible, nice weather = Greece, ex communist = cheap, no I don't have any investment plans in that direction, but I nearly started to talk myself into it.

Tallymanjohn

Prices in Spain are getting to UK heights; Turkey is not part of the EU & so still considered a bit risky by some; Bulgaria is still very cheap; Not too far to travel; Beautiful areas in the country; Nice climate:

Zammo

Catseyez wrote: »

Hello,

I've noticed numerous threads regarding the purchase of property in Bulgaria. Could anybody enlighten me as to what has caused this recent trend?

I'm just interested as it seems that so many people are wanting to do it!

Thanks.

LOL.

I'd hazard a wild guess that prices are relatively cheap compared to the rest of Europe and that there is scope for considerable HPI. In other words they are doing it to make money.

:rotfl:

Jonesya

Zammo wrote: »

LOL.

I'd hazard a wild guess that prices are relatively cheap compared to the rest of Europe and that there is scope for considerable HPI. In other words they are doing it to make money.

:rotfl:

Often though things are cheap for good reason, I wonder whether prices will hold up after the speculators have lost interest.

plane_boy2000

A colleague of mine was interested primarily because its cheap and has good growth potential, but he got cold feet. Told me its still a bit corupt out there in that you have to pay everybody to make things happen. Decided to much risk / hardwork

hearts

Jonesya wrote: »

Often though things are cheap for good reason, I wonder whether prices will hold up after the speculators have lost interest.

you are quite right I think.
.....and who wants to go there? Cheap folk. ;-) save yer money.

lynzpower

I think amanda lamb has a lot to answer for on this one.

A place in the sun? A pile of bricks and some collapsing roof in the mountains ( not skiiable) bargain at 34k

Who on earth will these properties be sold to once they are renovated by brits? Another dumb brit I presume I cant see bulgarians being able to afford such "bargains"

Catseyez

lynzpower wrote: »

I think amanda lamb has a lot to answer for on this one.

A place in the sun? A pile of bricks and some collapsing roof in the mountains ( not skiiable) bargain at 34k

Who on earth will these properties be sold to once they are renovated by brits? Another dumb brit I presume I cant see bulgarians being able to afford such "bargains"

Quite! It makes you wonder whether people would still be so eager to buy these places if it wasn't for programmes like Place in the Sun. Nothing like the power of the media to make people think something's a good idea :rolleyes:

Lynz, how's the new job going by the way? Still enjoying it?

lynzpower

Im enjoying it! Whether its the right job for me though remains to be seen.