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Published: July 2008
Next Issue Scheduled: January 2009

Researched and written on behalf of Property Secrets' existing investors in this market, the Bulgaria Market Performance Report contains everything an investor needs to know in order to judge the performance of the market in general and their investment in particular.

You can now get your hands on this exclusive report at the low, first time only cost of just £19.99 - all future issues of this report will cost you a minimum of £29.99. OR...

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In this report...

Contained within the Bulgaria Market Performance Report you will find:

• Current Macro-Economic Data
• Mortgage Market Snapshot & Development
• Property Market Overview. Includes:
• Local Market Data
• Supply & Demand Statistics
• Sales Market Data
• Rental Market Data
• Latest Developments
• Market Performance Summary

Your Bulgaria Market Performance Report will help you:

• Understand how well Property Secrets sourced investments are performing
• Decide whether or not investing in this market is right for you
• Consider investing through Property Secrets in general

Key information for YOU as an investor or potential investor in Bulgaria is the current demand for new build property versus supply, current and expected price levels and, perhaps most importantly, WHERE the demand is coming from. The Bulgaria Market Performance Report gives you that information.

Example Supply/Demand Data

• Astrea: sold out since August 2007.
• Winslow Gardens: 65% of the units have been sold since September 2007. The developer has set a limit of 100 apartments (out of 440) to be sold to foreigners. The price has been increased initially with 15% and then with another 10%.
• Selene: 160 out of 200 apartments have been sold since March 2008, the majority to Bulgarians.
• Buena Vista: 58 apartments out of 117 have been sold mostly to Bulgarians, within seven to eight months. The developer increased the price per sqm by 4%.
• Lagera Tulip: 35% sold since February 2008 to Bulgarians. The developer increased the price per sqm by 5%.
• Lyulin Bridge: 42 units out 119 have been sold, since end of April 2008 (99% to Bulgarians). The developer increased the price per sqm by 10%.

The Bulgaria Market Performance Report includes much more too:

Extracts

From The Economic Brief

"Bulgaria is currently experiencing a challenging combination of a high current account deficit, high inflation and lack of independent fiscal control because its currency is strictly pegged to the euro. But the high interest rates and the currency board that pegs the currency to the euro are important measures of how aggressively the government is attacking these problems - a good portent for the future."

From The Mortgage Market Snapshot

"Typical LTVs for local and foreign applicants range from 70% to 80%. In the case of off-plan properties, the LTV also depends on the construction stage of the building - the closer to completion, the higher the LTV that can be achieved.

"The location of the property can also be a deciding factor - if buying property located in one of the main cities, it is easier to get a higher LTV."

From The Property Market Overview

"The Bulgarian property market is clearly divided into holiday resorts driven almost entirely by foreign buyers and city markets driven predominately by domestic demand.

"The distinction is very important and significant. Resorts on the coast and in the mountains are currently experiencing a steep downturn with falling prices and no resale market...

"...Cities, Sofia particularly, are completely different. Those markets offer much more balanced markets and are driven by emerging middle class buyers, available finance and a housing shortage."

From The Summary

"Growing demand due to favourable demographic indicators (increasing population, rising number of households), poor quality housing stock and increasing affordability (developing mortgage lending and rising wages) is an ideal mixture of components for a property market that will perform strongly.

"We forecast capital growth of 20-25% in 2008."