One of the UK’s leading newspapers with one of the widest circulations, the Daily Mail, has tipped what it refers to as ‘Bargain Bulgaria’ as a property hotspot to watch in 2011, reports property experts House Sales Bulgaria (http://www.housesalesbulgaria.com/). The piece, which appeared on 17th December 2010, cites falling house prices and the country’s beauty – particularly in inland areas – as key factors which will bring buyers to property in Bulgaria in the coming year.
The Daily Mail article explains that prices of real estate in Bulgaria have been falling steadily over the past couple of years, but that this is set to level out in 2011 before prices will slowly begin to rise once more. This is currently attracting people to ‘Bargain Bulgaria’ as prices are still far lower than elsewhere in Europe, while the country holds just as many natural and cultural attractions as its European counterparts. The piece highlighted the rural inland areas of Bulgaria as having some of the best property bargains, with buyers attracted by the unspoiled landscape and slow pace of life.
What does this mean for people wanting to sell property in Bulgaria? Falling property prices are never ideal for vendors, of course, but signs that the market is not in free fall and instead has seen the worse and can only improve from there will be welcome. Vendors of Bulgarian property who refuse to move on price will have to wait for an uplift in the real estate market, whereas those willing to be realistic on the asking price and final negotiation could benefit from the buyers now considering ‘Bargain Bulgaria’.
Over and above setting a fair asking price which reflects the current market conditions, those wishing to sell property in Bulgaria will need to aggressively market their property to ensure they have the best access to this new buying market as tipped by the Daily Mail. One of the best ways is to leverage a property portal such as House Sales Bulgaria. Its vast network of more than 300 property websites provides unrivalled visibility to potential buyers, while multi-media marketing, photos, video and highly detailed property information helps secure the sale of your Bulgarian property. For further information visit http://www.housesalesbulgaria.com/.
