Bulgarian Property Trends

Buying abroad and renting in Britain could well be the new trend for young property buyers living in the UK. This trend is being demonstrated by first time British buyers choosing Bulgarian property over the UKNearly one in four are now priced out of the UK property market altogether, so it's no surprise that they are now considering alternatives that will give them that all-important first step without succumbing to the UK's sky- high property prices. With talk of 100 percent mortgages, shared ownership schemes and 75-year loan terms, UK home buyers are looking to the Bulgarian property market to make their first home purchase.

The average UK house price is now in excess of £200,000 as quoted by the BBC and recent interest rate rises coupled with a bleak economic outlook have not aided the situation. The burden of a lifetime of mortgage payments is weighing heavily on young homebuyers' minds. Added to this, a survey with National Savings and Investments showed that a massive 84% of 18-24 year olds believe that buying their first home abroad is more viable than buying it in the UK.

The National Savings and Investments survey revealed that in London, 36% of first time buyers would consider buying abroad as an alternative to purchasing in London. .Research from Quest Bulgaria Magazine indicated that the Bulgarian property market is still buoyant and looks set to grow even further. It seems there is no better time than now to invest in Balkan bricks and mortar.

Despite this positive forecast, many first time buyers remain reluctant to actually put down roots in Bulgaria. This could be due to preconceptions about the country which include, fear of the language barrier, its reputation for being a haven for senior citizens and worries about employment prospects.

UK salaries are disproportionately low when compared to the rising house prices, so it is not unusual for British twenty somethings to opt for a life back home with Mum and Dad instead of venturing onto the property ladder. The high deposit and crippling mortgage of UK property ownership need not elude potential homeowners.

A Bulgarian bolt-hole can provide a rental income and potentially build equity if the Balkan market performs according to expectation. The buy-to-let market is on the up in Bulgaria, which coupled with the country's very low taxation of just 10% shows there is a huge financial incentive to make your first property purchase there.Bulgarian property offers enormously good value for money and house prices are currently forecast to rise on average by 15% this year. If you're banking on a quick return, look for up-and-coming areas in the process of regeneration.

Similarly, improvements to transport links are usually a sure sign that an area is going up in the world. Low cost airlines tend to have a ripple effect on the surrounding areas of any airport they add to their ever-expanding routes.More and more people are making the most of long weekends and cheap flights for mini breaks overseas. Nowadays, it is normal for people to take frequent trips to second homes instead of traditional, single longer vacations. This broadens the scope for Bulgarian property investment with some regions enjoying both long summers and ski-friendly winter seasons.

Regions with the best transport links offer a compromise between buying for pure investment and full-scale relocation. It is financially possible to live and work between two countries. Working in London and then spending your weekends in Sofia or Varna is now perfectly possible. It's worth bearing in mind that, under the UK's flexible working legislation, parents with a child under the age of six and certain adult carers have a legal right to request flexible working hours. Even if you do not fall in this category, it might be worth asking your employer if you can work flexibly. An employer may only refuse a request from an eligible employee should there be recognised business grounds for doing so. With high-speed internet connections available in Bulgaria, employees can take the opportunity to work from their Balkan home.

The UK is awash with TV shows on property renovation, taking these elements and applying them to a Bulgarian home could pay dividends too. Many will agree that the UK property market is saturated with developers making renovation bargains thin on the ground. By comparison, Bulgaria is packed with potentially lucrative properties, from ready-made holiday apartments to serious building projects.

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Nicholas Marr is CEO of overseas property portal at http://www.homesgofast.com/ his knowledge has been gained comes from the relationships he has numerous Bulgaria based real estate agents and developers at bulgaria.homesgofast.com/

Xcape To The Sun Live At The NEC

The 11th-15th June will see the Xcape To The Sun Live! exhibition at Birminghams NEC, and this year an estimated 135,000 people from throughout the UK are expected to visit the myriad of displays, seminars and presentations that will be on offer from some of the worlds leading property developers.

Located in halls 8 and 9 at the NEC, all visitors to the exhibition will receive a free comprehensive show guide, with a complete breakdown on all the exhibitors who are at the show.

Whilst many people do remain sceptical about overseas property exhibitions, we do see them as a genuinely positive opportunity. Seldom do people looking to invest in property overseas get the opportunity to talk and ask questions to a large number of some of the worlds leading property developers. As long as people understand that the developers are ultimately there to sell, and recoup some of their investment in the show, it is an excellent opportunity to research the entire market, and gain feedback and information from both sellers and other buyers who are there.

Below are the contact details for the Xcape To The Sun Live! exhibition for users who may be wanting to attend the show.

Email: xcapetothesun@haymarket.com
Tel: +34 952 832 133

Investment Property News Welcomes Opens Its Doors!

Hello and welcome to our new Investment Property News blog, and place were you can find the very latest information and news on investment property from around the world.

Through the site, we will be covering news on investment property in all of the worlds major destinations, as well as the new, up and coming investment areas. We aim to provide you with all the information from an unbiased and impartial perspective, allowing our users to make the most informed choice when they come to making decisions about where to purchase their next overseas investment property.

As the site is new, we would also like to hear from any users and investors who have ideas on what they would like to see from the site. We promise we will give due consideration to all suggestions which are related to overseas property investment.

So for now, we would like to thank you for visiting our investment property news website, and we look forward to seeing you again soon!