Buying Property In Bulgaria – “Whats My House Worth?
The media in both Bulgaria and the UK is still raving about the phenomenal investment potential of the Bulgarian property market. This hype has lead many people to invest in the market in the hope of making a fast return. Mass publicity about rising property prices lures many people to Bulgaria, but what is the reality of the situation? Quest Bulgaria takes a look at the reality of re-sales of property in Bulgaria and how much your property might be worth. 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 r
