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Brexit to Bulgaria! Bulgarian Government Approves Plan for Possible Brexit Options
The Bulgarian government has approved a plan on the possible scenarios of the UK leaving the EU,... Read more
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The Price of Agricultural Land in Bulgaria has Risen by 5%
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At a Glance: Buyers in Bulgaria take to the ski slopes
At a Glance: Buyers in Bulgaria take to the ski slopes

Sunny Beach is the most popular place to buy property in Bulgaria, according's At a Glance infographic. The report compares the 12-month period to the same period two years ago, revealing that the Black Sea resort remains the number on sought-after location, accounting for 1 in 10 searches on the portal in the year to October 2014.

Demand for ski property in Bulgaria, though, is beginning to snowball. While buyers like to be beside the seaside, a growing number prefer to chill on the slopes: Sunny Beach's share of searches dropped from 40.05 per cent between November 2011 and October 2012 to 9.68 per cent between November 2013 and October 2014, as buyers leave the coast and head for the mountains.

Indeed, three of the top 10 searched-for locations targeted real estate in ski resorts, with Pamporovo, Borovets and Bansko all falling inside the top five. Demand for each has increased in the past two years.

Popular ski resort Bansko saw its share of searches jump from 2.29 per cent two years ago to 4.83 per cent in 2014. In real terms, the number of searches targeting the resort has multiplied by more than five times, making Bansko the second most in-demand place in Bulgaria. Interest in Borovets and Pamporovo also soared by 174 per cent and 135 per cent respectively.

Together, the three ski resorts accounted for 9.57 per cent of searches, almost even with Sunny Beach, while all four appeared in a combined 1 in 5 searches, indicating the extent to which the tourist industry drives interest in Bulgarian real estate.

Burgas, home to Sunny Beach, now makes up 13.6 per cent of enquiries, down from 1 in 5 (19.36 per cent) in 2012. Smolyan, the home of Pamporovo, has also seen its share of activity drop, from 14 per cent of enquiries to just 0.6 per cent. Hoever, demand for property in Blagoevrad, home to Bansko, has remained steady, accounting for 4.02 per cent of enquiries compared to 3.8 per cent.

The biggest increase in enquiries in the past two years was recorded by Sofia. The region surrounding the capital city has seen its share of enquiries almost double since 2012, from 4.75 per ecnt to 7.9 per cent, making it the third most popular region in the country. Searches for the capital city, though, are low. The region of Sofia only accounted for one location in the top 10 searched-for location: skiing hotspot Borovets.

While resorts remain a major source of attraction, though, buying activity is dominated by the province of Veliko Turnovo. The region, which has neither beaches nor ski slopes, accounted for 22.19 per cent of enquiries in the 12 months to October 2012. In October 2014, that share surged to 37 per cent enquiries. The area accounted for six of the top 10 searched-for locations, indicating that for those not seeking rental investments, Veliko Turnovo tops the buyer wishlist.

The At a Glance infographic also charts buyer behaviour on Google. In the 12 months to October 2012, buyers tended to search for "Bulgarian property" and "Bulgarian properties", while searches for "apartments for sale in bulgaria" steadily increased. In the 12 months to October 2014, buyers mostly searched for "real estate in Bulgaria and "Bulgarian estate agents". Searches were significantly lower for the majority of keywords, but were consistently higher for "apartments for sale in Bulgaria".

Editor Ivan Radford comments: "Bulgaria has always been a country that thrives on its affordability - and nowhere is that truer than in its ski resorts, which offer a cheap entry into the ski property market, both for investors seeking returns and lifestyle buyers.

"Sunny Beach remains the most popular tourist resort, but interest is snowballing for ski real estate - specifically, for ski apartments. Searches may not always convert into enquiries, though, which, combined with the drop in Google, suggests that investors are curious yet remain cautious.

"Nontheless, Sofia's surge in buying activity indicates the interest in resorts such as Pamporovo, with the actual capital city continuing to see little international interest. While popular hotspots are still key to attracting attention, though, lifestyle buyers are also returning to the recovery country in greater numbers: for those not seeking rental opportunities on the coast or slopes, Veliko Turnovo is the number one choice for a holiday home, thanks to its central location, modern city amenities and strong history and culture. The region's rise in popularity suggests that Bulgaria is continuing its recovery after the financial crisis, progressing from bargain basement buy-to-let to a long-term property destination in its own right. But when the country has fully recovered, will ski property be the new Black Sea?"

Author - Dan Johnson

Real Estate Prices in Bulgaria See Slight Rise

Real estate prices have recorded a slight increase in 2014, according to Bulgaria's National Statistical Institute. The main reason for the growth is the increased demand for property, which leads to quicker transactions, notes. According to the real estate website, the average one-bedroom apartment available for sale in Sofia is of 45.15 square meters and is...
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Holiday home on a budget? Here's what €1 could get you

Sourse: Towns and cities across Europe have been forced to slash house prices to attract spenders from abroad. Owning a dream holiday home might not be as difficult as you think High property prices in the UK have been described by the Governor of the Bank of England, Mark Carney, as the ‘biggest risk’ to the UK economy. With properties in areas such...
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Housing Prices in Bulgaria are Rising with one of the Fastest Rates in the EU

Household prices in Bulgaria registered one of the biggest increases in the first quarter in the European Union on an annual basis - 8.8%. This shows latest Eurostat data released on Wednesday. Reports Investor. Thus our country ranks fifth in the ranking, with the Czech Republic having a 12.7% increase. Lithuania followed by Lithuania (10.2%), Latvia (10.1%) and Ireland (8.9%). The...
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Select Properties Bulgaria in The New Your Times press release! House Hunting in ... Bulgaria

MARKET OVERVIEW The housing market is still reeling from the global crisis. During its bubble period from 2000 to 2008, home prices grew 300 percent, partly in anticipation of the country’s joining the European Union in 2007, said Stanislav Petrov, the sales manager for Select Properties Bulgaria, an agency based in the coastal city of Bourgas. During that period, particularly from...
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Sofia, Varna Property Prices Rise, Still Well Below Pre-Crisis Peaks

Property prices in Sofia and Varna last month were higher than they were a year earlier but still well below the pre-crisis peaks of 2008, a real estate consultant has said. According to the latest price index update compiled by Bulgarian Properties firm, August prices in Sofia were 0.92% higher than a year earlier, while those in Varna were up 13.3%. Sofia and Varna led the way in...
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Bulgaria's Bansko named best-value destination for ski holidays..., 4 November 2014 For a week away skiing with the family Bulgaria is where Britons will find the best value while Austria's St Anton will hit the budget hardest. Bulgaria's Bansko topped a poll of 42 European ski centres that factored in average hotel, ski pass, ski hire, ski lesson, evening meals and drinks for over the course of seven days for a family...
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Bansko in Bulgaria is the perfect ski resort for an absolute beginner, Nov 19, 2014 Standing halfway up a ski road that sliced through a Bulgarian mountain, I whipped off my goggles, took in the view and grinned. Skiers, nearly all better than me, whizzed by doing moves I could only dream of, driving up clouds of snow as they zigzagged down the slope. But I didn’t mind being in with the rookies here in the Pirin Mountains, in...
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Video: Bulgaria - Land of Opportunities

Why to invest in Bulgaria!? These different features give a full overview of the economic situation in a country and promote trade and investment opportunities. Thanks for watching...
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Bulgaria property has "most successful year since crisis"

A new report from Bulgarian properties says that confidence is back in Bulgaria, as prices showed signs of rising through the year. Indeed, according to data from the National Statistics Institute, property prices climbed 1.6 per cent in the third quarter of 2014, once adjusted for inflation, the third increase recorded last year. Real estate prices are now at the same level as 10...
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Bulgaria is the 5th most desirable destination for British to buy overseas.

Bulgaria is on the 5th position in the ranking of the most desired destinations for British buying a second home.  In February, the country has collected approximately 3.5% of queries on the site, which marks a jump of 4 positions relative ranking January. For the first time Bulgaria is in the top five of the favorite destinations for the British establishment, beating...
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