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Bulgaria Property A Boom Market
t is hard to avoid the has achieved considerable
topic of Bulgaria property, stability, politically,
these days. It seems that economically and socially, in
you can purchase a spectacular recent years. So much so that
mansion for little more than a Bulgaria is set to become a
month’s salary. But is all of member of the EU in 2007. Entry
this fact or fiction? Surely the into the EU is likely to add fuel
whole thing seems simply too good to the housing and tourist
to be true? market, with foreign investors
being able to purchase property
Actually, Bulgaria has well and directly, instead of having to
truly earned its reputation as purchase by setting up a
the hidden gem of Europe. Last Bulgarian company, as is the case
year alone saw property prices at present. Those looking to buy
increase by an average of 25 in the country should note that
percent, with some of the fastest there will be a considerable
growing areas seeing rises of transition period and purchasing
over 100 percent. directly will not be available,
immediately. Prices, however, are
So have you missed the boat? likely to begin rising,
Absolutely not! Many experts particularly from 2007 onwards.
believe that the best is yet to
come for this magnificent Natural Surroundings
country.
Bulgaria has one of the most
Stability varied terrains of all European
countries. Most noticeable is the
One of the main reasons that extensive Black Sea coast which
Bulgaria has suddenly been seen has attracted a great deal of
as the place to invest is that it interest recently, with literally
hundreds of opportunities for heavily in the country. These
investors looking for a luxury large companies benefit from a
beachside apartment at minimal qualified workforce at a fraction
cost. of western costs, in the
country’s capital, Sofia. As a
As well as the traditional beach result, employment is at an all
offerings, there are also some time high and prospects are
sprawling country areas that are improving, every month, for the
practically untouched by modern younger generation.
technology, offering purchasers
the possibility of a real bargain This increase in employment
to renovate or a tranquil escape opportunities has led to a very
from contemporary living. healthy rental market for
upmarket city apartments.
Skiers are also incredibly well
catered for, with some of the Tax advantages are also huge in
best pistes in Europe, not to Bulgaria, with some of the lowest
mention one of the longest skiing taxes in Europe driving
seasons in the world. When skiing investment and growth.
is over for the year, the
mountain areas offer wonderful Tourism
scenery and a refreshing break
from every day pressures. Of course, one of the driving
factors in terms of rental
Economic Investment potential is always going to be
the tourist market. Last year,
Another driving issue for westerners quite literally
Bulgaria is that international flocked to the country to take
companies such as Kraft, Nestlé advantage of the cheap costs of
and SAP are starting to invest living and speedy transport
links. Bulgaria boasts four Traditionally, the only real
international airports, all of downside of investing in Bulgaria
which allow easy access to most was the risk of instability. With
parts of the country. A flight to EU accession imminent, however,
Bulgaria from the UK takes, on it seems that this worry has all
average, less than 3 hours, but disappeared.
making a quick getaway a very
real option. As a politically and economically
sound country, Bulgaria seems to
Travel companies are also be very much on the up.
flocking to the area, due to the
country’s cheaper labour costs Investors would be wise to give
and favourable climate, meaning this hidden gem careful
that they can offer luxury consideration!
holidays at rock bottom prices.
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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