The cost of a country home in Bulgaria has dropped to levels last seen in 2006

As a leading estate agency there reports that since the beginning of 2012 rural properties have sold for an average price of just €15,500, compared to €18,900 for the same period last year.

Bulgarian Properties added that this is similar to the average price in the last quarter of 2011, namely €15,600. Most deals for rural houses are between €10,000 and €20,000, but there is also interest for more expensive houses that are ready to live in, and close to a resort or city.

It is rural houses in the seaside regions – around Bourgas, Varna and Dobrich and in the villages in central Bulgaria – and close to the towns of Veliko Tarnovo, Stara Zagora and Plovdiv that attract most interest from buyers, said Bulgarian Properties.

The agent added that the rural houses on the market today are of a much better quality than previously. Many of them have been renovated to a high standard and are ready to live in, but are available for 2006 prices, making them value for money.

For details of property for sale in Bulgaria, visit the Bulgarian listings on Rightmove Overseas. One way to save money when buying in Bulgaria is to use a currency specialist when transferring your pounds into Euros to complete the purchase of your property. For more information on this, contact Smart Currency Exchange.

To understand the full step-by-step process to buying a property in Bulgaria, collect The Overseas Guides Company’s ‘Bulgaria Property Buying Guide’