Property Investors Set New Buying Trend in Bulgaria
Property Investors Set New Buying Trend in Bulgaria << Back to list of articles
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.