Since the economic recession in 2008, the Bulgarian economy has for long been performing poorly seeming never to recover. The real estate sector, in particular, has been struggling to regain its form that prior to the housing bubble was one of the most promising in Europe. Many investors are skeptical about Bulgaria’s real estate market and even the world’s. However the country’s economy is on track to recovery and its real estate market has started showing signs if vitality. Beverly hills luxury properties, a US based real estate agency is one of the many parties looking to take advantage of the stabilization of the economy and offer properties abroad.
This is probably the best time to invest in the country as the prices are one of the best in Europe. Before the crash investors went into a frenzy building apartments, houses and all sorts of property at an exponential rate, there was an expected rise in property demand which stakeholders were keen exploit. The 2008 economic recession and the resulting housing bubble has later on resulted to a dip in property price. If you are looking for a piece of property that will increase in value then Bulgaria is definitely the place to be.
You also do not have to worry about a further decrease in price in the area. Since the dip in property price from 2008 the economy as stated earlier has been recovering and the price of property in the Balkan state has been stabilizing. In Sofia for instance, the housing capital has expanded by 15% over the period between 2013 and 2014.
If you are looking to invest in Bulgaria then you will mostly end up choosing between the beach and the city. Bulgaria experiences both winter and summer, so while it is profitable to own a beach house during summer it may not be so good during winter. It is because of this extreme climate that property holders tend to prefer cities like Sofia to invest in. The city provides a stable demand that is so vital to a growing real estate market.
No matter the economic climate, real estate still remains to be one of the most attractive equities to invest in, if you are looking to be a real estate stakeholder then Bulgaria is the place to start.