Bulgaria is the ideal place for those who are going to reconstruct housing. The historic property is attractive to many investors who buy an abandoned house in the hope of turning it into something fantastic. Across the country, there are plenty of abandoned properties, which can be converted into a holiday home, according to Global Property Guide.
Property prices in Bulgaria remain low, creating barriers for those who want a short term return on investment. According to the National Statistical Institute of Bulgaria, in early 2012, house prices were 38% lower than during the peak level in the third quarter of 2008. However, for buyers with long-term plans of abandoned historic property is a priority.
Experts advise to look for historical housing in rural areas. Labor and materials are relatively cheap in Bulgaria, so the recovery may not leave a lot of money.