ADDRESS Real Estate - Buy, Rent property in Bulgaria

The interest in holiday complexes along Bulgaria’s Black Sea coast increased 3 to 5 times compared to 2006, Nikolai Pehlivanov, owner Green Life Property Development, said.

House prices in Bulgaria have risen by 27% in the past 12 months and are set to rocket further, according to the latest issue of Quest Bulgaria magazine.

The September issue of the magazine says the latest forecast shows price increases of 20% this year. A steady stream of investors has made sure the Bulgarian property market is maintaining it's dynamic position. The country's National Statistics authority says that prices rose 15% in the first six months of 2007 with a 27% increase in the past year. And Address Real Estate, the country's largest agency, forecast a further increase of 10-15% for the rest of the year.

Property sales to Bulgarians working abroad have increased 10% so far in 2007, said local real estate agency Address.

The number of transactions spikes during the summer period when they arrive here for their mid-year holidays.

Address distinguishes between several types of expat customers, depending on their career status abroad.

Demand for holiday property at the north part of Bulgaria's Black Sea increased substantially in 2007.

The towns of Kavarna and Balchik, together with the regions near the Golden Sands and St. St. Konstantin and Elena resorts have attracted investors' interest, research showed, as quoted by Pari daily.