British Buyers Still Snapping up Property Bargains

Oct. 19, 2011 - PRLog -- Currency exchange specialist World First says transactions for holiday home purchases in Spain, Bulgaria, Italy and Greece, where property prices have plunged, more than doubled over the summer.

The World First report matches recent data from The MoveChannel's latest 'Top of the Props' web search survey and from real estate experts on the ground in Bulgaria, who have consistently identified market recovery, stabilisation and rising sales through the past six months.

Reviewing the report, John Preston, Operations Manager at Property Partners, said, "This is a particularly important signal for people considering property purchase in Bulgaria because it locks into place what has now become a positive trend through 2011. We have been seeing increasingly positive figures since the end of last year but, without question, the last 3 months has been the most successful period for the real estate industry since the beginning of the financial crisis."

"Bulgaria's economy is strong .." he continued, ".. investment in infrastructure continues to grow year-on-year and tourism numbers are better than at any time since 2006. Perhaps most importantly, though, buyers are well aware that property prices here are currently the lowest in Europe, which is one of the main reasons that Brits continue to choose Bulgaria."

The total of completed property deals in Bulgaria increased by 36% in the first half of 2011 and data from the Bulgarian National Registry shows that the country's four largest cities, Sofia, Plovdiv, Varna and Bourgas, as well as the major beach and ski resorts all displayed increases.

Commenting on the World First report, David Livingstone, CEO of MovetoBG said, "This confirms everything that we have been seeing through the year .. and now, as we enter the last months of 2011, the Bulgarian property market is looking as positive as ever."

Related articles:
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Bulgaria a Top Choice for 46% of Brits Planning to Emigrate
Picking up a New Trend for Property Purchase in Bulgaria ..
Experts Agree that Property Market has Bottomed Out
Rising Property Sales Reported in Bulgaria

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