Journey.bg - Българският туристически портал
Русская версия Българска версия
Новини от бранша
Search


Subscribe

UK Investors Turn Backs on Bulgaria Property Market

Date: 27.09.2009

Conti is currently unable to arrange mortgages in Bulgaria, and demand has inevitably decreased. UK investors are turning their backs on the Bulgarian property market with a 3% fall in interest since 2008 according to mortgage specialists Conti.

Bulgaria has slipped to 6th place in list of countries that most attract UK property investors.

British investors are allegedly choosing more traditional countries to purchase property, according to the latest figures including France and Spain.

Conti reported that 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.

The report continued that in Bulgaria, interest has dropped off significantly over the last three months as many lenders have been involved with problematic developments there, and this, combined with an over-supply of building, has led to a big fall in valuations and banks have been questioning the asset security.

Conti is currently unable to arrange mortgages in Bulgaria, and demand has inevitably decreased.

Turkey however has seen an increase in interest due to low prices and a decent climate according to the report.

Total views: 4 rating: 1.00
traveller's forum
No opinions






We've tried to make the information on this web site as accurate as possible, but it is provided 'as is' and we accept no responsibility for any loss, injury or inconvenience sustained by anyone resulting from this information. You should verify critical information (like visas, health and safety, customs and transportation) with the relevant authorities before you travel.


Journey Bulgaria | News | UK Investors Turn Backs on Bulgaria Property Market
© 2000-2017 Journey.bg. All rights reserved.