First-time home buyers prefer new property developments in Bulgaria

The article from the UK Observer, published on 18 March, tells about the new generation of first-time buyers, who are disappointed of the high new property developments prices in Britain, and opt for new property developments in Bulgaria homes.

According to the author Lisa Bachelor the number of such buyers is increasing. The mentioned new villas developments properties hotspots are in Bulgaria .

According to the latest Halifax figures the average price for a house in Britain is £192,233. The prices of new house developments in Bulgaria are much lower, as two bedroom house in new villas developments in Bulgaria could be found for less than £60,000.

The article commented that even young home buyers are interested in overseas investments , most of them in new house developments in Bulgaria . According to a report by National Savings & Investments premium bonds a fifth of the first-time buyers would consider a move to Bulgaria for a cheaper way of life.

What happened to the prices of the new property developments in Bulgaria after the EU accession

The prices of the new property developments in Bulgaria increased with 10% in January and February 2007 after the accession to the European Union. Demand is growing up, while supply is limited. This trend surprised real estate experts, who expected prices for new villas developments in Bulgaria to stabilize after accession. What is the tendency for the next months? The first option according to the experts is that supply could dry out entirely within months, driving the new villas developments in Bulgaria ' prices even higher. Second option is that the market of the new property developments in Bulgaria will settle down as the higher prices demanded by sellers are not the real valuation of the new villas developments in Bulgaria , quoted in the deals.