Fri, May 25 2012

Interest in Bulgarian property falls

Tue, Sep 22 2009 15:19 CET

byGabriel Hershman

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Interest in Bulgarian property falls

France (Nice pictured) is enjoying renewed interest from British buyers

Photo: Wikipedia

British investors are turning their backs on countries like Bulgaria and choosing more traditional countries to purchase property, according to the latest figures.

Data of the company Conti show that 31 per cent of all searches on properties abroad by British nationals have been in France, followed by Spain with 22 per cent.

Demand for properties in France and Spain surged last year as investors started to shun the so-called emerging markets in favour of more familiar destinations in the Mediterranean and elsewhere.

General inquiries about properties in France and Spain have already reached 53 per cent of the total volume, while Turkey ranks third in the rankings by 13 per cent. Portugal and Italy also rank higher in the ranking, while interest in Bulgaria and the United States decreased significantly compared to 2008.

Source propertywisebulgaria.

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AnonymouslilikindsliThu, Oct 01 2009 00:21 CET

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