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Budget flights could boost Bulgarian property
News that a number of low-cost flights are set to be launched to Bulgaria could open up the country's real estate market to new investors. Ryanair has announced that it is planning to introduce the routes, which will head to Bulgaria's second largest city Plovdiv, from September this year. The government has revealed that it will be investing 40 million leva into a passenger terminal in the city, with many of the airport's services currently being unused, Property Abroad has reported. As a result of the new flights, people who let out property in the region could find their residences are subject to strong demand this year. This could have the positive consequence of boosting their value and allowing investors to collect higher rental returns. Colliers International Bulgaria recently claimed that Bulgarian real estate could experience a resurgence in interest, with analysts predicting that bargain prices, good supply and better credit conditions will bolster the market. According to the company's most recent research paper, falling prices and flexibility on the side of developers is helping to boost the demand for real estate. - PropertyShowrooms.com

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