Given the current position of the world's leading financial markets, many people who might have been interested in investing in Bulgaria have been put off.
Has the bubble burst? Well that depends who you speak to.
Bulgaria is full of success stories involving foreign investors but these successes are over shadowed by the inherent problems with buying a property in Bulgaria as well as a great deal of 'scare mongering'.
Despite the rumours that Bulgarian property prices are falling due to over development and a decreased demand in property, there are still opportunities for investors to make a good return on their investment, albeit over a longer time frame than was initially intended (3-7 years is a more realistic time frame for flipping the property).
City properties are being hotly tipped as the best investment opportunity in Bulgaria.
Investing in a city such as Bulgaria's capital, Sofia, with its millions of EUR's of European investment it makes sense to consider it as a suitable and practical investment opportunity.
Over development and saturation in some of the resort areas, in addition to the effects of the global credit crunch the attitude of Bulgarian lenders is seen to be more risk averse and wary of lending and hence lower valuation results might be received.
Due diligence is the key; research all you can about your investment and if in any doubt speak to a professional who can help you.
There are several Establishments that are able to advise you on what options are available, search on your favourite search engine for terms relating to Bulgarian Finance or Bulgarian Mortgages and there are several companies that can help