Bulgaria remains one of the more popular countries for overseas British buyers even though the number of online searches in February for Bulgarian Real Estate was slighly down on the previous month. Bulgaria has dropped just one spot to number fourteen in a new ranking of property markets which remain popular for foreign buyers, according to the latest figures from Rightmove Overseas and Moneycorp.
The Bulgarian market attracted 1.24% of the searches for properties abroad at Rightmove Overseas in February, down over January when enquiries soared by almost 53%.
In the February search tables, Spain continued to top the league, followed by France, the US and Australia. Germany, France, Italy and Ireland saw the biggest spikes, as prospective investors looked for bargains or sought to capitalise on the stability in Germany, according to Rightmove's Robin Wilson.
David Kerns, private client dealing manager at Moneycorp, said it is unsurprising that Germany is rising up the ranks of popular countries for Britons ... "the fact that Germany, with stable housing and jobs markets, is seen as a crutch for many of the other Eurozone countriesis is a strong draw for many people in the UK looking for prospects overseas." he explained.
At the other end of the scale, property markets that have fallen in countries such as Bulgaria, where house prices are now at their lowest for many years, are becoming attractive again for people looking for a bargain. Commenting on the recent Ten Year Review of the Property Market from Bulgarian Properties, MovetoBG.com has confirmed the finding from the report's author, Polina Stoikova, that the past two year's price falls in Bulgaria are now levelling out and that 2011 should be the year that the market moves from negative into positive territory.
Owning a second home abroad was once the preserve of the super-wealthy, but in the past decade a heady combination of TV property shows and cheap mortgages convinced an estimated half a million Britons to buy their own place in the sun. the overall value of UK-owned foreign property investments peaked at £58 billion in 2008, up from around £10 billion in 2000.
More recently, though, the global recession has brought about a double hit .. British investment demand for overseas properties dropped away and, at the same time, British owners of second homes have been selling up due to falling rental income and concerns about sterling and the UK economy. The number of Britons who put their properties in Bulgaria up for sale rose sharply in 2008 and 2009 but data for 2010 shows that these trends have bottomed out .. a pattern that is now confirmed by the latest Rightmove's Overseas Search report .
The Bulgarian market attracted 1.24% of the searches for properties abroad at Rightmove Overseas in February, down over January when enquiries soared by almost 53%.
In the February search tables, Spain continued to top the league, followed by France, the US and Australia. Germany, France, Italy and Ireland saw the biggest spikes, as prospective investors looked for bargains or sought to capitalise on the stability in Germany, according to Rightmove's Robin Wilson.
David Kerns, private client dealing manager at Moneycorp, said it is unsurprising that Germany is rising up the ranks of popular countries for Britons ... "the fact that Germany, with stable housing and jobs markets, is seen as a crutch for many of the other Eurozone countriesis is a strong draw for many people in the UK looking for prospects overseas." he explained.
At the other end of the scale, property markets that have fallen in countries such as Bulgaria, where house prices are now at their lowest for many years, are becoming attractive again for people looking for a bargain. Commenting on the recent Ten Year Review of the Property Market from Bulgarian Properties, MovetoBG.com has confirmed the finding from the report's author, Polina Stoikova, that the past two year's price falls in Bulgaria are now levelling out and that 2011 should be the year that the market moves from negative into positive territory.
Owning a second home abroad was once the preserve of the super-wealthy, but in the past decade a heady combination of TV property shows and cheap mortgages convinced an estimated half a million Britons to buy their own place in the sun. the overall value of UK-owned foreign property investments peaked at £58 billion in 2008, up from around £10 billion in 2000.
More recently, though, the global recession has brought about a double hit .. British investment demand for overseas properties dropped away and, at the same time, British owners of second homes have been selling up due to falling rental income and concerns about sterling and the UK economy. The number of Britons who put their properties in Bulgaria up for sale rose sharply in 2008 and 2009 but data for 2010 shows that these trends have bottomed out .. a pattern that is now confirmed by the latest Rightmove's Overseas Search report .
For advice, assistance and information about Moving to Bulgaria, we recommend that you visit our website at MovetoBG.com - and for accommodation options, resources and services, we suggest Bulgaria Gateway
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