Top of the Props: Bulgaria breaks back into top ten

Bulgaria has broken back into the top ten most popular real estate markets, according to August’s Top of the Props report from TheMoveChannel.com.

3.3% of all enquiries in July were directed at Bulgarian property, marking the country’s return to the overseas property portal’s top ten for the first time in three years,

The most popular countries remain the same, with Spain staying in the top spot for a second month running. Together with France, USA and Portugal, the traditional destinations account for over a third of all property searches from buyers interested in property abroad.

Director Dan Johnson said: “As the Euro debt crisis continues, people are looking for bargain investments and holiday homes at low costs. Bulgaria’s real estate sales have been improving all year, with buyers attracted by exceptionally low prices for winter property, so it’s no surprise that interest has increased.”

Bulgaria’s boost may not rival the traditional Western European destinations, but its growing popularity indicates an interesting shift away from familiar markets as searches for property in Greece and Thailand both declined.

The biggest movers of the month are the prime estates of the Caribbean with the Cayman Islands climbing 17 places, while Barbados entered the top ten with a jump of four places.

Overall Enquiry Volume for July 2011

 

 Rank  Country  Share % Change Comment
 1  Spain  12.3%  Non mover  1 month in top spot
 2  France  9.2%  Non mover
 3  USA  6.7%  Non mover
 4  Portugal  6.1%  Non mover
 5  Italy  5.8%  Non mover
 6  Brazil  4.2%  Non mover
 7  Bulgaria  3.3%  Up 4  New to top 10
 8  Turkey  3.2%  Down 1
 9  Cuprus  2.7%  Down 1
 10  Brabados  2.4%  Up 4  New to top 10
 11  Cayman Islands  2.4%  Up 17  Highest climber
 12  Thailand  2.3%  Down 3
 13  Morocco  2.2%  Down 1
 14  Cape Verde  2.1%  Up 1
 15  Greece  2.0%  Down 5
 16  Germany  1.9%  Up 1
 17  Malta  1.6%  Down 1
 18  Slovenia  1.5%  Up 6
 19  Poland  1.3%  Non mover
 20  Canada  1.1%  Non mover
 21  Croatia  1.0  Up 4
 22  India  1.0  Down 4
 23  UAE  0.9%  Down 1
 24  Hungary  0.9%  Down 3
 25  St Lucia  0.7%  Down 12  Biggest Faller
 26  Mexico  0.6%  Highest new entry
 27  Egypt  0.5%  Down 4
 28  Montenegro  0.4%  Up 2
 29  Switzerland  0.4 Down 3
 30  Jamaica  0.3%  Down 1
 31  Australia  0.3%  Up 1
 32  Nicaragua  0.3%  Up 13
 33  Malaysia  0.2%  Non mover
 34  Czech Republic  0.2%  Up 12
 35  Tunisia  0.2%  Non mover
 36  Bahamas  0.2%  Down 2
 37  Indonesia  0.2%  Down 10
 38  Panama  0.2%  Up 3
 39  Philippines  0.1%  Down 2
 40  St Kitts & Nevis  0.1%  Down 1

 

Notes to editors

 

Founded in 1999 the TheMoveChannel.com is the leading independent website for international property with 400,000 listings in over 100 countries in the world, marketed on behalf of agents, developers and private owners.

 

The website address is http://TheMoveChannel.com and the office address is 45 Lafone Street, Shad Thames, London, SE1 2LX.

 

Contact Dan Johnson on 0207 952 7650 for further information.