he secret is well and as to push prices in favourites
truly out for Bulgaria. such as Spain and Portugal, to
With the cheapest property record highs that are way out of
prices in Europe, and a the reach of the average
ridiculously low cost of living, purchaser.
people are buying Bulgarian
properties in their droves. Bulgaria is a refreshing change.
Likened to Spain, some 15 years
Traditionally, property investing ago, this Balkan jewel offers a
has been for the well-heeled, and variety of properties that will
the well-connected. Exotic fit in see even the smallest
foreign climes, slick city centre budget. It boasts fantastic
apartments and bustling holiday coastlines, the longest ski
hideaways have offered huge season in Europe, dynamic and
returns to the canny and vibrant cities and truly
knowledgeable investor. Bulgaria breathtaking countryside. Even
has certainly bucked the trend, better, the prices are 60 to 80%
with property prices are for all cheaper than any of its more
of the above that are well within fashionable equivalents.
the reach of the average
investor. For those with a tiny budget,
there are country cottages, with
Seduced by the fantastic climate, acres of land studded with fruit
a laid-back lifestyle and fast trees for less than "£10,000.
appreciating prices, returning Slick city centre apartments can
holidaymakers have fuelled the be acquired, with fantastic all
price of property, in more year round rental potential, for
traditional European resorts, for less than "£20,000. The Black Sea
years. Unfortunately, the growth has temperatures higher than that
in prices has been so dramatic, of the Mediterranean on the
Spanish coast during the summer years. They will be catapulted
months. There, studio apartments even higher early in 2007 with
with fantastic sea views, can be full entry into the EU. To
bought for less than "£30,000. maximise their return, and to
The mountains offer miles and obtain the very best prices, the
miles of unspoilt, tree-lined ski smart investors are putting their
runs. Even with guaranteed rental money into Bulgaria now. This
of 15%, studio apartments can be country is set to be the European
found in the popular resort of investment hotspot for the next
Pamporovo for less than "£25,000. several years, offering fantastic
returns from the small-time
investor and corporate purchaser
Prices have risen steadily by 20 alike.
to 30% over the last several
About the Author:
Mark Emerson is the sales director for Investment Property BG Ltd. The company specialises in high return investment property in all areas of the Bulgaria marketplace with prices from under "£10,000. You can obtain a free copy of their investment guide ‘5 Reasons You Must Invest In Bulgaria Now' and access their properties at http://www.investmentpropertybg.com
Source: www.isnare.com
