Property prices in Bulgaria will continue to fall, experts say, but it is difficult to predict whether the downward trend will be gradual or whether the property market will crash like it did in 2009. In Sofia, the average price of residential property is 40 percent lower than in 2008, as buyers now typically pay 700-750 euros per square metre. The majority of properties are bought by first-time buyers, usually young families, who take out mortgages to buy small flats. Russians continue to be the chief purchasers of holiday properties.
The current issue also contains an article about the great network of small rural guesthouses here in Bulgaria where you can eat local produce; get friendly family hospitality and access to great leisure pursuits (including horse-riding). A great Guide from the Bulgarian Alternative Tourism Association can be downloaded here
And, if you are into serious mountain climbing, then this looks a great oroganisation to contact for advisers and guides
While I’m on the subject, here’s also an outsider’s view of the top 15 places to visit in Bulgaria. And also a nice piece (in English if you scroll down) about Balcic in the far North-East corner which used to belong to Romania.
I’ve been renewing my contact with some of the small galleries here in Sofia and saw a nice-looking and well-sized Zhekov for 1,500 euros – the same price a picture of his went for in the December Victoria Auction. The painting at the top of this post is a Zhekov - which hopefully explains why he is one of the top Bulgarian painters for me.