rits moving permanently to low wages and to strategically
Bulgaria
place themselves for the
countries' expected accession to
It has been reported that many the EU in 2007, many British
Brits are falling for Bulgaria 's employees are expected to
charms with a growing number relocate with their employers.
choosing to move there Tourist areas have seen recent
permanently. In recent years year-on-year growth of between
investment has been the main 25% up to as much as 100% however
driving force behind the number those opting to live in to move
of Brits buying property in the permanently prefer to be based
country but many have decided to inland.
buy and live outside the Sunny
Beach area and a few miles inland Many Brits are buying around the
as well as other village areas Veliko Turnovo region with home
around the country. prices starting as low as GBP
10,000. There are still cheaper
There are a number of factors for homes available however many will
those choosing to move but the require additional funds to
low cost of living and the provide for renovations. The move
seemingly peaceful surrounds are is been made by both retirees who
the most likely reasons so many find they can make their pension
Brits are making the move. Many stretch a lot further and younger
have also been able to rent out people looking for new business
there properties back in the UK , opportunities and finding it
and live very comfortably off the difficult to get on the property
rental income in Bulgaria . ladder in the UK.
As more companies relocate to EU Final word on Bulgaria to be
Bulgaria to take advantage of the known soon
memberships will go ahead however
Oli Rehn, European Enlargement the accession treaty does contain
Commissioner is soon expected to a safeguard clause allowing
present his report on Bulgaria membership to be postponed by one
Romania's accession to the EU in year if further reforms in each
January 2007. It is generally country are deemed necessary.
believed that the planned
About the Author:
Tim Wright is an international property investor and regular article contributor. He is the author of "Bulgarian Property - The Overseas Buyers' Kit" available at www.bulgarianpropertybuyer.co.uk
