ONLY committed holiday-home buyers and long-term investors would consider buying property in Bulgaria in the current climate, according to Assetz.
A report commissioned by Assetz, which is a group of property investment companies, said that Bulgaria has suffered a dramatic change of fortunes in recent months with the annual rate of capital growth plummeting from 36pc in 2005 to 13.9pc in September 2006. Assetz said that some areas such as the Blagoevgrad District including the Bansko ski region, actually experienced price falls in the second quarter although these recovered in the third quarter. The company said that the oversupply of apartments has created fierce competition for rentals even in the face of quickly-growing to...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
