Property prices in Bulgaria Another research body has indicated that Bulgaria is the country with the world's strongest house price growth last year. This follows on the heels of a myriad of reports claming that the global property market is slowing down rapidly, or in the case of America, has already crashed.
The study presented by Global Property Guide (GPG) said ‘Bulgaria saw the world's strongest house price growth at 30.6% (15.4% in real terms) to end-Q3 2007 from a year earlier.’ Paul Watchorn, a Bulgarian expert comments “the real picture is even better than that for people that have purchased property in Bulgaria” Commenting on the rise of property prices in Bulgaria, Paul Watchorn says “prices are doubling and tripling for people that purchase wisely”.
When prompted for a response Mr Watchorn remarked that “foreign investors are paying too much for Bulgarian houses” he said that most people looking to invest have an amount of money that is doing nothing in the bank, and quite rightly want to make it work for them.
Buying property in Bulgaria is an excellent way of achieving this, but buyers still seem to rush in without doing even the basic checks. What people should be doing, according to Bulgarian expert Paul Watchorn is a few basic checks that anybody can do:
Call the company on a land line number. No land line, probably no office! (check the prefix)
Check the office. Ask for the address, and a photo (most companies will have it on the web site anyway)!
Ask questions like ‘how long have you lived in Bulgaria’. You can’t learn this job an get the lowest prices out of the locals if have only been here a year or two!
Check how old the web site is. There are a lot of ways to help yourself……
If you would like more information, a list of current mobile prefix numbers, or a chat with Paul Watchorn call 00359 478 88634 or to view properties click here www.thebulgarianpropertyfinder.co.uk