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Black Sea Property Investing Bulgaria At Its Best
ulgaria has gained a great hours of sunshine in both July
deal of press recently as and August, it is hardly
being a location ideal for surprising that the temperatures
property investment. Much of the rarely drop below 17 degrees
information relates to the Celsius and are often closer to
rapidly growing Black Sea coastal 25 degrees Celsius.
resorts.
Anyone looking to invest in a
The Black Sea area, as a coastal coastal property will not be
holiday destination, is seen as short of choice, as the coastline
among the best in Europe and extends for more than 378
possibly even in the world. kilometres and offers a wide
Bulgaria is ideal for families, range of property opportunities.
as the sea is renowned for being The fastest growing areas are
hospitable for swimmers and currently the luxury four and
paddlers of all ages and five star resorts with
abilities. The sea is calm and well-appointed apartments,
clean with gently sloping although there is also no
beaches, allowing for easy access shortage of village- style
and safe shallow bathing. As well properties for purchasers looking
as being particularly calm and for something a little different.
inviting, the Black Sea is also
half as saline as the Resorts
Mediterranean.
As a foreign purchaser, it is
Water temperatures in the area most likely that you will head
are extremely favourable. With towards the large resorts that
more than 240 hours of sunshine offer financial benefits and
during the months of May and excellent infrastructure. The
September and an impressive 300 most notable of the resorts are
Golden Sands, Albena, Sunny Day, Bulgaria joins the EU in 2007. A
Sunny Beach and Dyuni Holiday one bedroom apartment in Golden
Village. All of these offer the Sands could cost anything from
ideal holiday base and most around 20,000 Euros upwards,
include sports facilities, a wide depending on the facilities that
selection of entertainments and the individual property offers.
family-friendly hotels and
restaurants. One of the huge advantages of
purchasing in this area is the
Other resorts that are well worth structure that exists for the
a visit include Kiten, rental market. Many of the
Sinermorets and Shabla. These are developers are acutely aware that
smaller resorts that may not most of their clients will be
offer the same extensive looking to rent their new
facilities but nevertheless have apartments to tourists, during
the benefit of a relaxing, quiet the peak months, in order to
stay away from the mainstream recover a healthy profit. With
tourist trail. An advantage of this in mind, there are a wide
purchasing a property in these number of guaranteed rental
resorts is that many of the schemes in place, which offer
holidaymakers will rent such investors the security of knowing
properties for several weeks, what their return will be for the
thus reducing the costs of first year or so. When looking at
servicing your property. these schemes, it is important to
conduct your own independent
Prices and Rental Prospects research, as the guaranteed
return may not be similar to what
Prices on the Black Sea coast you would achieve in the long
have sky-rocketed, recently, and run, when the guaranteed period
this is likely to continue when ends.
paid.
Pay particular attention also to
issues such as servicing costs. As with all foreign purchases, it
Amenities including pools and is vital that you obtain
indoor entertainment areas are a independent legal advice; this is
wonderful selling point to particularly important when
tourists; however, they do come buying off-plan or using just the
at a price. If you are planning one company as vendor, rental
on using the company from which agent and management company.
you purchase to let and manage
your property, you should be The Black Sea is tipped as the
certain that you obtain exact next Costa del Sol, which doesn’t
details of communal expenses. A seem impossible; however, make
management company will sure that you do not get caught
invariably take a percentage cut up with the holiday atmosphere
on your rental income; find out and end up parting with more cash
if this cut is taken before or than you ever intended!
after such essential costs are
About the Author:
Providing essential information on buying Bulgarian property, Tem Pearson is dedicated to offering all the necessary information for people looking to buy property in Bulgaria. Visit www.buying-property-abroad.info/Bulgaria.
Read more articles by: Tem Pearson
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