My Bulgaria: The Leading Independent Property Portal for Bulgarian Property Announces New Services

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My Bulgaria - a comprehensive portal offering a massive range of property services for those considering buying in Bulgaria, or for residents who are already there. Search thorough thousands of homes for sale and to rent, offering well over 2,300 listings from a staggering 120 agents.

Leading online information portal, http://www.MyBulgaria.Info, has today launched a new service for property owners in Bulgaria to market rental property via the website, free of charge. People looking to let their home to holidaymakers can showcase the property online to an average of 50,000 monthly visitors, with no agent fee or associated cost.

The easy-to-use website accommodates up to four images of the property in question, includes a full property specification and the direct contact details to allow enquiries to filter through to the homeowner in the preferred format.

Comments Chris Northam, director of MyBulgaria.Info: “Many people buy homes abroad with a view to renting them part of the year to help create an extra income. By marketing the rental property free of charge on MyBulgaria.Info, property owners do not lose any potential profits that would have traditionally paid for an agent’s fee.”

Continues Northam: “We are already seeing a huge interest in this service, with almost 40 properties uploaded to the site in the first week of the service’s launch. It is an ideal choice for renting properties to holiday makers and those looking for a temporary base in Bulgaria, as the audience to the site is highly targeted and the number of visitors is continuing to grow.”

In addition to the new Property rental section is another catering exclusively for the Off Plan developments in Bulgaria located primarily in the Ski and beach resorts and in and around the capital of Sofia itself.

Tourism figures for Bulgaria are continuing to increase, with the number of UK visitors in 2004 exceeding 250,000, which compares to 150,000 in 2003 and My Bulgaria has now become the leading place on the Internet for visitors to find information on buying property in Bulgaria or about holidaying or living there.

The Bulgarian property market has already witnessed some dramatic price increases in the last two years but even now property values remain lower than in neighbouring countries and certainly much lower than the traditional hot spots of Span and Portugal for example.

The market is still in its early days and it is likely that further attractive gains will be made leading up to the envisaged accession of Bulgaria into the EU in 2007 and also at a more moderate pace following as the infrastructure of the country slowly improves.

There is exceptional value in particular to be had away (if only slightly away) from these area where both newly built or pre-existing housing stock can be purchased for substantially less and for as little as EUR 10,000. These types of property are tending to be purchased by families either for retirement or full time living purposes or by holidaymakers who are not so particular about having to be on top of the beach or ski slopes.

About MyBulgaria.Info

MyBulgaria.Info, a subsidiary of Balkan Holdings Plc, is the UK’s leading independent web portal that provides detailed information on Bulgaria as a country, an investment option for property and business or as a holiday destination.

Over 100 leading Bulgarian real estate firms publish details of available properties and land on MyBulgaria.Info on a daily basis. There are currently in excess of 2,000 Bulgarian properties for sale. In addition, visitors to the website are also able to find information on the beach resorts, skiing facilities, climate, traditions and customs, history, employment and culture that Bulgaria has to offer.

Visit http://www.mybulgaria.info for more information.

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Chris Northam