Bulgaria Property Podcast 2008
Mar - 03 | 
4 comments. | 
Bulgarian Property, Podcasts
The latest podcast in the series revisits the popular destination of Bulgaria and more specifically Sofia, its capital city. In edition 28, Adam Samuel is joined by Libby Gomersall, property editor of the Quest Bulgaria Magazine and James Gonzalez, market analyst for overseas property agents Obelisk International.
In the last year, Bulgarian property has transitioned from being marketed as an emerging property hotspot to a location which now sits firmly alongside favoured overseas property destinations of old. With record real estate transactions under its belt in 2007, this has prompted investment property analysts to wonder what the future holds for Bulgaria’s real estate marketplace. In this podcast, we discuss the many reasons why Bulgaria continues to garner interest and discuss the kind of Bulgarian property investment opportunities still to be had in prime locations such as capital city, Sofia.
Both James and Libby discussed the following factors that keep Bulgaria rooted on the property map:
Concerns from credit crunch crisis effect
Bulgaria thus far has not been affected by the credit crunch crisis, which is affected many other countries. Its banking system is less tied to the UK and US banks. Bulgaria has many buyers from Russia and Romania, plus the domestic market is booming at present, so less reliance on UK and Irish investors.
Positive effect of EU entry
A increase in US buyers and investors, James believes has come from the EU entry with many expats moving to Bulgaria and working for the likes of Google and Microsoft.
Capital appreciation
Forecasted to keep rising 15-20% per year, with a specific project from Obelisk that could see returns of 145% in 5 years.
Bulgaria better than neighbours
Bulgaria still has a low cost of living and when compared with the likes of Romania seems cheap. It also has much better weather than Romania and Ukraine.
What are your thoughts on Bulgaria?
Have you visited recently and what did you think?
Do you live there and have a grasp of the local market?
Why not have your say by adding your ‘Comment‘ below this post.
If you want to listen to the full interview, please use one of the link below:
The podcast has been removed as it is now out of date.
Length: 00:26:55
Hi, We purchased a property back in 2005 in area surrounding Rouse which by the way wasnt mentioned but we are pleased with it and as it is said bought at the right time and are very pleased with the way Bulgaria is going. A very good interveiw as I am one of the many subscribers of Quest Mag and Libby you did a very good interview all the best from Trevor M.
Hello guys,
I am a real estate agent in Bulgaria and I find this interview
amazing. I have posted a link to here, just trying to show a nice how good your analisys of the Bulgarian Real Estate Market was.
Regards,
Nikola Petrov
I also bought in Sofia last year and are very pelased with th way the way Bulgaria is developing, I see a lot of improvments. However just recently a lot of banks stepped away from non-resident loans which is giving me a bit of grief as I wanted to continue purchasing in Sofia. I have high hopes for Bulgaria.
I have recently purchased an apartment and some land in Bulgaria and now work as an agent for Bulgarian Property
This podcast was interesting and the comments about the lifestyle available in Bulgaria was a good point as well as the market open to various different countries, and not just the British market.
Relocation to Bulgaria is definitely an option for young British who are not able to get on the property market in the UK but also appealing as an option away from the buy to let market in the UK.