Bulgaria Climbs Back into Top 10 Hot Spot to Buy
‘A Place In The Sun’ has published its annual best top ten places in the world to buy property based on property prices, climate and weather, infrastructure, rentals and how popular the destination is.
The top spot this year surprising went to Spain and the Canary Islands, mainly due to the massive discounts currently available on holiday home due to the recession. Whilst you might be able to pick up an apartment in Marbella for under hundred thousand Euros nowadays, Spain has suffered some of the worst problems ever reported with builders, developers going bust and problems with planning permissions. Many have been left out of pocket for thousands and thousands or left with a half finished building or living on a building site. And the experiences of others need to be taken into account and the considerations looked at carefully when looking to invest in Spain.
The second spot when to Florida, which held the 8th position last year but with property prices down to 2005 levels, the year round sunshines and some of the top tourist destinations in the world in the State and good rentals, second homes in Florida are apparently a good investment according the ‘A Place in the Sun’.
Third was France, always a popular holiday home spot or to move to permanently and fourth was Portugal. Turkey kept the same position as last year being the number 5 place to invest in, with value for money, Aegean and Mediterranean coast lines and growing travel links.
Italy offers character properties, amazing scenery and great culture and food with reasonable property prices outside the main tourist areas and so this year Italy climbs a place to 6th. Cyprus is down to position 7 from 4th last year and Greece is down two places to 8th. The Caribbean makes a surprise entry at number 9 with prices starting from under £90,000 for a home in the Dominican Republic.
And this year Bulgaria climbs back into the top 10, having slipped to 12th position in 2009. The more rural areas are now attracting the visitors and second holiday home buyers, more than the over developed coastal resorts and ski resorts. With prices starting at under 10,000 Euros for a renovation project, great long hot summers, improved infrastructure and Easy Jet flights into the country, Bulgaria is starting to see a slight improvement in the property market.
