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The Bulgarian Property Market Fantastic Choices Fantastic Returns
ulgaria is currently the
European property The developments that are on
investment hotspot. Prices offer are predominantly designed
are rising steadily at 30% per as seaside holiday apartments.
annum and are expected to leap However there is also now a
forward when the country becomes fast-growing golfing market that
a full member of the EU in 2007. is being catered for with new
developments either in
construction or planned. Prices
Bulgaria is a truly remarkable can be from as low as "£20,000
country with a varied terrain. for a studio apartment to
Not only can it offer city, "£100,000 for detached villas on
coastal, mountain and rural the golf resorts. Instant equity
properties but the vast amount of and guaranteed rental are also
real estate that is available to available in certain complexes.
buy, also comes with prices that
will fit into everybody's budget. City apartments.
Sofia as the capital and Plovdiv
Coastal properties. as the second city, are the two
main areas for growth. Real
The waters of the Black Sea are estate in Sofia is currently
actually warmer than those of the around 25% of the cost of other
along the Spanish mainland European capital cities. Plovdiv
throughout the summer months. is even cheaper, with prices
Popular investment locations are around €400 to €500 per
Sunny Beach, Golden Sands and square metre.
Varna. Up and coming destinations
include Nessebar St. Vlas and The cities offer an excellent
Balchik. investment choice, with good
rental expected from companies less than "£10,000.
relocating to Bulgaria. Corporate
lettings can offer consistent Mountain and skiing real estate.
guaranteed rental with minimum
risk. Prices range from around
"£30,000 for an apartment on the Bulgaria has three main ski
outskirts of town to over resorts. Borovetz, and Bansko and
"£100,000 for a city centre Pamporovo. The ski season is the
apartment with excellent longest in mainland Europe. From
facilities. These prices are an investment point of view, the
considerably cheaper than other mountaini resorts probably offer
properties for sale across the best opportunity for a huge
Europe. capital gains. The mountains only
offer a small, defined area for
Rural investments. the development. Once all the
available land is built upon, all
The countryside really does offer the existing properties will
the cheapest real estate. attract the highest premiums.
Bulgaria is a magnificently
beautiful country. Roughly the Much more informal than other
same size as the UK, the country European ski destinations, the
has a total population of less Bulgarian resorts offer real
than 8,000,000. The value for money. Skiers and
infrastructure can pose a problem snowboarders, appalled by the
in more isolated areas, and price exorbitant prices charged,
increases will probably take especially in France or Austria,
longer than the more popular will be pleasantly surprised by
destinations. Nonetheless, the ridiculously cheap prices, in
detached properties with acres of all the Balkan resorts. A pint of
land are readily available for beer is around 80p and a three-
course dinner with a bottle of virtually assured.
wine is under six pounds.
In conclusion, Bulgaria offers a
The properties available also viable investment alternative for
echo the fantastic value for everybody. Even with the meanest
money, at 60-70% cheaper than budget of under "£10,000, a fast
other European equivalents. appreciating property can be
Studio apartments are readily bought. For those looking to
available for less than "£30,000 build an expansive portfolio, all
as are two-bedroom apartments in the regions offer fantastic value
the "£60-"£80,000 region. The ski for money and will return
season for 2006/2007 is already considerable capital gains over
75% booked and for those owning the coming years.
property, rental income is
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. http://www.investmentpropertybg.com can be reached either email at info@investmentpropertybg.com or by telephone on +44(0)161 762 2662.
Source: www.isnare.com
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