Bulgarian Property Value Increases

Those who invest in property in Bulgaria could be set to see a high rate of capital appreciation. According to recent figures from the National Statistical Institute, the cost of residential property increased by three per cent in the third quarter of 2008, the Sofia Echo reports.

Dobrich was one location that demonstrated a significant rate of growth, with an increase of nine per cent on the previous quarter. Plovdiv fared even better with values shooting up by 11 per cent within three months, demonstrating that metropolitan areas of the country could be particularly good for investors. Those who have already purchased a property in the area, or are doing so at the moment may find that their second home is worth considerably more than it was originally purchased for.

On average the eastern European country saw an increase of three per cent in the third quarter of 2008. According to Bridging Finance, investors are increasingly looking to purchase holiday homes and investment properties in Bulgaria, reports the Manchester Evening News.

Post a Comment about 'Bulgarian Property Value Increases' Here >