Property investment returns rate ranks Bulgaria second in Europe

Bulgaria ranks second in Europe on the returns rate of property investment over the past 12 months, research of British consultancy company Assetz shows.
According to the company’s index, drafted each annual quarter, Bulgaria’s property investment returns reached 71 per cent over the past 12 months.
Poland ranked first with 100 per cent returns.
Assetz warned potential investors that the rate in Bulgaria was expected to decrease significantly.
Regions featuring over supply like Sunny Beach coastal resort and Bansko winter resort already experience problems with their rental markets.
Bulgaria is the only European country listed in the ranking, for which Assetz expects such decrease in returns.
Poland will also experience decrease, though it will be smaller compared to predictions for Bulgaria.

Information Source: Sofia Echo

Bulgaria with “Phenomenal” Position in Property Market Popularity Ranking

Bulgaria continues to be a magnet for UK property buyers, as a new report by the Association of International Property Professionals (AIPP) has revealed.

Describing the position of Bulgaria as "phenomenal" the AIPP table that ranks the popularity of foreign property markets had the Eastern European country at third with 7.7 per cent of the market.
This placed it just behind perennial favourites like Spain and France, which remained as the two top markets.
And Quest Bulgaria's latest issue shows that four in five of overseas property investors are from the UK, as reported by Real Estate TV, which revealed that the market is particularly popular with Britons but not elsewhere in Europe.
The surge in demand has led to warnings that investors expecting profits from buying and selling property should cool their expectations, as the Bulgarian real estate market faces oversupply, dampening future price rises.
Spain, where properties have become more affordable due to a recent crash in the market, and America, where a weak dollar is still making real estate a relatively cheap investment, are set to become more popular in the short term.

Information Source: News.bg

Bulgaria maintauns leading position in property market attractiveness ranking

Bulgaria's capital of Sofia ranks third in property market attractiveness according to recent research of Global Property Guide (GPG).

The ranking included 12 European capitals and placed Bratislava and Istanbul at the first two positions.

GPG compared several factors including prices per sq m, annual rental income, taxes, transaction costs, GDP and legislation in the country.

EU membership requirements activated a number of reforms in Bulgaria, research said. The annual gross rental income in Sofia is 10.6 per cent on average.

Average residential prices are still low amounting to 1042 euro per sq m and the taxes on rental income are within the European levels.

Transaction costs remain too high with average levels between 24.8 per cent and 26.6 per cent.

Slovakia turns out to be the most attractive place for property investment due to its GDP growth of 8.7 per cent in 2006, high rental income and low transaction costs.

Legislation changes in Turkey in the end of 2005 made it easier to purchase real estate in the country. Rental income ranging between six and 7.6 per cent and steady economic growth placed Turkey second among most attractive places for property investment.

The ranking goes further to include Romania, Hungary, Moldova and Ukraine.

In comparison, Baltic countries registered rental income decrease. Apartment prices in those countries are already reaching the levels in Copenhagen, Helsinki and Stockholm.

Information Source: Sofia Echo

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