Bulgarian Houses Bulgarian Real Estate Your Top Investment

Quest Bulgaria takes a look at the reality of re-sales of property in Bulgaria and how much your property might be worth.

Bulgarian Properties

Knight Frank, one of the UK’s most respected residential and commercial property consultancies, recently published a report stating that high increases in residential property prices placed Bulgaria in second place in a world table highlighting property price increases during the second quarter of 2007. The report stated prices increased by 27.1%, so does this mean my house is now worth around 44,000 more than it was when I put it on the market at the start of the year? Should I be increasing the price in line with market trends?

A report by another reputable company, real estate consultants, Colliers, reported similar trends in Bulgarian property but focussed more on the fact that it was the number of buildings constructed. The mountain resorts showed 50% increases and the Black Sea coast 39%. How easy it is to read this statement in relation to prices increasing rather than that of the rate of build and to neglect the part of Colliers report, which states that overall sales prices have “remained...