If, a few years ago, you had been a visitor to the city of Sophia or a tourist on any of the low cost Black sea resorts that border the East coast of Bulgaria; you would have been surprised by the number of UK and Western Europeans who looked local to their surroundings than bungling tourists.
The surge of interest and sales over the last five years in the Balkans has overshadowed the decline in Western property markets. Many normal people with little investment took the plunge, and remarkably enough, while we all know of someone who got stung in a land grab of their property in the Costa del Sol, it is rare or unheard of, any complaints from those who paid a few thousand for the hope of a return on their investment.
Since Bulgaria got into the EU and received funding and investment, they have worked hard to stabilise and in culture their property investment market.
Those small undeveloped village plots are now being turned into fertile agricultural pastures or new development sites.
Small businesses and building companies have the incentives along with the local village councils to ensure the towns and village populations have a ready supply of Houses for sale and homes for rent.
So what does this mean for budding international investor? Have they missed the Boat?
Well certainly, the £900 properties of 2009 are probably rare. And the “taking a punt on Ebay” client, is probably not the best method for purchasing any property in the world never mind
Nevertheless, this area of the world is still a fast accruing market when it comes to property for sale. Those who put in the hard work as all professional developers do, are now seeing strong demand for property to rent and homes for sale
Those spending £5000 - £15000 plus similar in development costs are seeing these properties sell for between £40,000 - £60,000 and upwards. This has seen a nice gentle progression in the market place with even low valued properties for sale hitting the £20,000 mark
So an increasing market with lots of opportunity and still at prices the small investor can afford.
A word of caution, there are still those that believe the western investor will pay anything for property and so never go on the first price sought.
The other interesting market is the UK and Europeans who bought property for sale in the Balkans did nothing and now want to dispose of quickly.
These are great opportunities for the bargain hunter provided they apply the same knowledge and investigation as they would with purchasing a £200,000 property in UK.
Some people do not realise what they have, some never even venturing past the departure gate.
So opportunities still there and TSL Property have experts to help you and take you through the process to acquire any international investment. In addition, to help you we offer great mortgages and legal support.
While many UK real estate agents struggle to help those purchasing Houses for sale with their financial needs, TSL has sought out the best financial packages available and combined this with our low cost Conveyance Package.
TSL Property have joined forces with Mortgages for Business (link to mortgage application page) and the top mortgage providers to provide Buyers with the best rates and Opportunity to get a mortgage.
TSL Property have also linked our services to our other group company TSL Legal to provide a great deal on all your legal expenses and our Conveyancing Package
Contact Us now to find out more and reduce your Purchasing costs when buying Property for sale and Increase your chance of getting a Mortgage and the Home of your dreams.