Bulgaria
The EU's newest member has been through mammoth changes in the last few years. Many of the cities and resorts have seen construction booms, tempting buyers from Western Europe for relatively cheap overseas property and real estate.
Bulgaria is the perfect country for offering something for overseas property and real estate investors and buyers. With a potential all year rental season, areas bidding for Winter Olympics, resorts spending over 200 Million Euros on improving the infrastructure and current low level property prices the investment opportunity gets better and better for all overseas property and real estate buyers and investors.
Spectacular Mountains that occupy half the country's territory and the swathe of golden beaches along the Black Sea bring in hordes of tourists from around the world bring in excess of 5 Million tourists per year. With low cost airlines such as Wizz Air and Air BG creating regular low cost flights and the cost of living being so cheap for tourists, this figure is predicted to reach well over 15 Million tourists by 2010.
The Bulgarian overseas property and real estate market offers so much with prices still low for an EU member country (up to 30-40% cheaper than others) and constant property growth since 2004. Bulgaria overseas property and real estate prices are predicated to continue to rise and sustain a longer term investment for overseas property and real estate buyers and investors.
Why Invest In Overseas Property & Real Estate In Bulgaria
- Low property prices
- 19% Price growth in 2006
- Value for money for tourists
- Ever improving coastal resorts
- Ski resorts continue to compete with ‘traditional’ but expensive ski destinations
- All year round resorts
- 12 month rental season
- Only PGA standard golf course in South Eastern Europe
- Roman mineral spa’s and springs
- One of the fastest growing tourism destinations
- Member of NATO
- Recently Joined EU
- Great potential for property growth
Key Facts
Capital:Sofia
Money:Lev
Language:Bulgarian
Flight time from UK:4hrs
2006 property Growth:30%
Potential Rental Yields:10%
