Overseas Health Insurance News: Bulgarian property prices 'bottomed out' -

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Overseas Health Insurance News: Bulgarian property prices 'bottomed out'

People who are considering relocating abroad might want to look into the property market in Bulgaria.

According to estate agent Colliers International, the market has "bottomed out" and prices are due to start to rise in the second half of this year as demand outstrips supply.

However, before moving, expatriates might want to double check that they have medical insurance abroad to cover them in the event of an illness.

Atanas Garov, managing director of Colliers in Bulgaria, told Overseas Property Professional: "Our expectations for the first half of 2011 are that it will be as challenging as 2010 was.

"The second half of the year, however, will mark an upswing in almost all real estate segments."

He added that the firm is "positive that new players will be seen this year" who will bring "liquidity to the market and will define its development in the medium term".

Moving abroad? Get a free quote for your international medical insurance online.

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