This time last year, we didn’t even know what a credit crunch was. Now, the term laces every property conversation, along with widespread apprehension over just how far its insidious tentacles will stretch. But the year began optimistically, with the European Union’s two newest members, Bulgaria and Romania, expecting to enjoy the boom that this seal of approval brings. As it has turned out, prices for off-plan properties in Bulgaria haven’t soared as expected, says Robin Barrasford, of Barrasford and Bird. Currently, they remain stable. However, the resale market is seeing bigger leaps in value, with demand for resale properties up 70 per cent on last year and sellers making profits of about 45 per cent.

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