It has been recorded that the population of Bulgaria has dropped by nearly 600,000 in the last 10 years. This has not however, slowed down the demand for property in the country. Far from it in fact, as many Russians are investing in the country. The rise in foreign investors and decline in Bulgarian population means that the property market is being mainly supported by the investments and demands of foreigners.

If you are planning a move to Bulgaria, it may well be that your neighbours or many residents nearby are non-natives. Russians have purchased over 200,000 properties in Bulgaria alone since 2007, and there has also been a reduction in the number of British investors in Bulgaria, 2010 reports show.

Bulgarian estate agents owe their business to the foreign investors, as domestic demand had dwindled over the past few years and many would have gone out of business if it were not for Russian investors. Property prices have remained sluggish in recent years, with only the capital, Sofia, seeing house prices rise, albeit, minimally.

Sofia is also one of only two places in Bulgaria that has seen a positive growth in population, and much of this is due to migration.

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