Why
Bulgaria? Bulgaria
is located in South Eastern Europe, situated in the
heart of the Balkan Peninsula.
Bulgaria boasts an old
and rich history. Many of the world's greatest
cultures have inhabited this beautiful country, leaving
behind a veritable treasure trove of untold historical
riches.
Its picturesque scenery is breathtaking
all year round. From the stunning beaches and waters
of the world famous Black Sea to the rolling mountains
that are home to world class skiing resorts, Bulgaria
has everything for everyone.
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on the map to zoom the view
The
Black Sea Coast is a major tourist destination
and property prices are increasing rapidly with many
overseas investors entering the market because of its
high growth potential.
What makes Bulgaria currently
the top country for property investment? Bulgaria is a country that not
only has weather comparable to Spain and other top holiday
destinations, but also property prices that are less
than a quarter of their Spanish counterparts.
Over 150 days of sunshine a year,
with average summer temperatures of 26°C (79°F)
and occasionally climbing to a sizzling 35°C (95°F).
Beautiful Blue flag beaches for the summer holidaymakers
and top ski resorts for winter holidaymakers only a
few hours away.
Flights are only two and a half to three hours
from the UK or Ireland. Low-cost airlines
are entering the market and the number of direct flights
is increasing.
Bulgaria is fastest growing holiday destination
in the world. Major tour operators such as Thompson
and first choice have recently added Bulgaria to their
brochures and site it as one of their top sellers.
The cost of living is significantly
lower than other European countries, with a dinner for
two costing about 7 Euros (5 pounds sterling) and a
pint for 0.70 Euros (50p).
Bulgaria is a full member of NATO and is due to
join the EU in 2007.
The currency (Lev) is pegged
to the Euro, making it stable and less volatile. Most
property can be bought and sold in Euros.
Bulgaria is politically stable, with government
bonds being of investment grade.
Land prices are flying, with
the average cost of land on the Black Sea Coast at 150
Euros per square meter, which is predicted to rise to
over 400 Euros in the next three years.
In the last two years property prices have risen
by over 50% in some regions and is expected to grow
at the same rate as has seen with the recent boom in
the Spanish market.
Highly profitable rental returns are achieved
through holiday rentals.
