Fractional ownership 'could be perfect for some people'

People keen to purchase a property in Bulgaria may wish to enter into a fractional ownership arrangement if they do not have significant funds in reserve to buy a property on their own.

Linda Travella, media spokesperson for The National Association of Estate Agents International, claims that with careful planning and consideration, this sort of deal could allow them to experience the joys of owning real estate in another country, such as Bulgaria.

She highlights that those with sufficient funds in reserve can benefit from reduced prices in a number of countries and pick up a bargain, but for those with less money, entering into fractional ownership could be the way forward.

"If someone has, say, €30,000 [£25,750.46] to invest they may well be able to find a part in a property, something that otherwise would not be an option … it should be gone into with careful planning and look at all the options. For some people it could be perfect," Ms Travella states.

Meanwhile, research from Colliers International shows that the average price of a property in Bulgaria has fallen but they are likely to begin their recovery very soon, meaning investors may want to move quickly.