Smaller Bulgarian properties set to be in demand
22/01/09 17:34
Expatriates looking to relocate in Bulgaria may well end up in a small but perfectly formed property.
That is according to Obelisk International, which has suggested that there will be a trend towards smaller homes in the European country this year.
The company noted that this will likely be the case because of the continuing global credit crisis.
Obelisk International quoted a Bulgarian property expert as saying: "Buildings with a floor space of 3,000 to 5,000 square metres will be the most in demand this year. This is because of the smaller risk."
James Gonzalez, market analyst at Obelisk International, said that a move towards smaller homes makes good sense.
He commented: "In a changing market such as this, for every problem that might arise, so does a new opportunity. It is at times such as these that the most innovative minds come to the forefront. The ability to adjust to changing market conditions is central to successful investing in today's climate."
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