Sales | Pamporovo

Property Investors Set New Buying Trend in Bulgaria 

Novinite
Business
Property buyers are homing in on signals from the maturing rental market and spread their investment across multiple apartments, shows a local realtor analysis.

One in every twelve purchases in the three months to July 2006 was for more than one apartment, which marks a 107% increase on the equivalent figure of one in twenty-five for the previous quarter, the latest quarterly analysis from realtors show.

The new trend for buyers is to look for a combination of a 1-bedroom apartment and a studio, rather than the pricier 2-bedroom apartments. At the purchase level this gives them a 2-bedroom, 2-bathroom property without the premium that this would normally carry - and, because this is a double purchase, it will almost always include a significant discount as well.

With the continuing growth of self-planned holidays, rather than tour packages, many are forecasting that the multiple purchase mix will become more and more attractive.