UK Buyers No Longer Interested in Bulgarian Properties - Report

Business » PROPERTIES | February 27, 2010, Saturday // 12:51
Bulgaria: UK Buyers No Longer Interested in Bulgarian Properties - Report British citizens are no longer interested in purchasing homes in Bulgaria, according to a UK-based study. Photo by Sofia Photo Agency

The number of Brits purchasing real estate property abroad is going down drastically according to a joint study conducted by the global real estate service provider Savills and HomeAway.co.uk.

The repost shows that about 43 000 properties around the globe belong to UK citizens, the Bulgarian information agency BTA informs Saturday.

In 2009, however, the number of Brits purchasing abroad is down 80% over the financial and economic crisis.

Purchases in exotic locations such as Cabo Verde, Bulgaria and Egypt are now a thing of the past, according to the company experts.

The report points out that UK citizens will turn again to the traditional destinations - Spain, Portugal, Italy and the US.

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Tags: Bulgaria property, real estate market, UK buyers
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