Bulgaria again in top 10 of most attractive destinations for investment

Bulgaria again fell into the top 10 of the most attractive destinations for real estate investments by the British.

According to the online edition "The Move Channel", Bulgaria has climbed in the rankings for searching of second home in 2012 to the 8th enviable place.

The first place continues to hold Spain, after that are USA, France and Portugal, announced BNR.

The edition comments that the smaller market reacts more flexibly to the interests of the British, wishing to invest in holiday homes.

Because of the crisis today the searching is less, but the Bulgarian market has become more stable and attractive with its low prices.

Foreign investors have already retreated from the major markets in Europe and are moving to smaller countries with more flexible, cheap and promising markets like Bulgaria.

For the foreign buyers the price is leader in the purchase of property.

Recently, the Russian buyers show interest in our mountain resorts and farmhouses near the sea. They are moving the secondary market in Bulgaria, as buying a second home mainly at the Bulgarian seaside.

There is interest mostly for furnished apartments mainly in the maritime complexes, the main aim is to be used us a base for holiday. The most wanted are the small holiday homes of about 50 square meters. Leading in the decision of purchase is the price and proximity to the beach.

The experts say that only in the last 3-4 years, the Russians bought in Bulgaria about 200-300 thousand homes, the total value of their investments exceeding one billion dollars.

Bulgaria's expected entry into the Schengen, when property owners in the EU will be able to move freely, further increases the interest of the Russian buyers.